Wells Fargo Starts HMS Holdings (HMSY) at Outperform; Uniquely Positioned
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Price: $22.80 -0.74%
Rating Summary:
3 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 21
Rating Summary:
3 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 21
Trade HMSY Now!
Wells Fargo initiates coverage on HMS Holdings (NASDAQ: HMSY) with an Outperform. PT $34.00.
Analyst, Jamie Stockton, said, "The company builds databases for Medicaid agencies to determine if claims filed on Medicaid can be shifted to other insurers. HMS also uses sophisticated algorithms and auditing expertise to detect providers that are regularly overbilling or defrauding insurers. While organic growth should slow to about 15% this year, we expect it to accelerate to about 20% in 2013-14 as the Medicaid RAC contract wins ramp up and health reform boosts Medicaid enrollment. Even without health reform, we view HMS as attractive."
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 $26.40 yesterday, with a 52 week range of $22.41-$80.45.
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Analyst, Jamie Stockton, said, "The company builds databases for Medicaid agencies to determine if claims filed on Medicaid can be shifted to other insurers. HMS also uses sophisticated algorithms and auditing expertise to detect providers that are regularly overbilling or defrauding insurers. While organic growth should slow to about 15% this year, we expect it to accelerate to about 20% in 2013-14 as the Medicaid RAC contract wins ramp up and health reform boosts Medicaid enrollment. Even without health reform, we view HMS as attractive."
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 $26.40 yesterday, with a 52 week range of $22.41-$80.45.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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