Hms Holdings Corp (HMSY) Receives a Rating Update from a Top Analyst


Cantor Fitzgerald analyst Steven Halper reiterated a Hold rating on Hms Holdings Corp (NASDAQ: HMSY) today and set a price target of $26. The company’s shares closed on Friday at $28.90, close to its 52-week high of $30.

Halper wrote:

“. We reiterate our Neutral rating on HMSY shares and increase our 12-month price target to $26 from $19. On August 3, HMSY reported solid 2Q18 results, which were above our estimates and FactSet consensus. Results exclude a non-recurring $20M litigation settlement related to the acquisition earn- out portion of the purchase price for Allied Management Group (AMG), acquired in 2010. Payment Integrity (PI) performance continued to improve, and HMSY alluded to several technological investments, such as Learning, which should help to accelerate future top-line growth.”

According to TipRanks.com, Halper is a top 25 analyst with an average return of 22.2% and a 76.9% success rate. Halper covers the Services sector, focusing on stocks such as WellCare Health Plans, Tivity Health Inc, and Evolent Health.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Hms Holdings Corp with a $29.75 average price target.

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Hms Holdings Corp’s market cap is currently $2.4B and has a P/E ratio of 55.58. The company has a Price to Book ratio of 3.91.

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HMS Holdings Corp. engages in the provision of cost containment solutions in the healthcare marketplace. The firm operates through its wholly owned subsidiaries, Health Management Systems, Inc. HealthDataInsights, Inc., HMS Care Analytics, Inc., IntegriGuard, LLC, and Reimbursement Services Group Inc..

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