Dougherty & Co Adjusts Numbers on HMS Holdings (HMSY); Major Overhang Gone; Great Growth Story in Healthcare

June 28, 2012 3:20 PM EDT
Get Alerts HMSY Hot Sheet
Price: $17.80 -1.06%

Rating Summary:
    7 Buy, 4 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Dougherty & Co affirms a 'Buy' on HMS Holdings (NASDAQ: HMSY) price target of $37.00 (from $32.00).

Analyst, Deepak Chaulagai, said, "The U.S. Supreme Court (SCOTUS) today, in its ruling, upheld the Affordable Care Act (ACA) and removed a major overhang for HMSY. Furthermore, this ruling essentially kept intact all of the ACA-related growth
opportunities for the company that include but not limited to Medicaid expansion beginning in 2014..."

Chaulagai maintains FY13 EPS/rev at $1.14/$587.4M, but lowers FY14 from $1.56/$744.1M to $1.49/$706M.

For an analyst ratings summary and ratings history on HMS Holdings click here. For more ratings news on HMS Holdings click here.

Shares of HMS Holdings closed at $27.79 yesterday.

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