Notable News to Watch: HMS Holdings Corp. (Nasdaq:HMSY)

 HMS Holdings Corp.  (Nasdaq:HMSY) spotted trading -16.49% off 52-week high price. On the other end, the stock has been noted 48.46% away from the low price over the last 52-weeks. The stock changed -2.18% to recent value of $31.86. The stock transacted 1365354 shares during most recent day however it has an average volume of 490.24K shares. The company has 89.04M of outstanding shares and 85.75M shares were floated in the market.  

HMS Holdings Corp.  (Nasdaq:HMSY) announced that Katherine Baicker and Jeffrey Rideout have been named to the Company’s Board of Directors, effective June 20, 2019.  These appointments expand the Board to ten directors.

We are pleased to welcome Kate and Jeff to the HMS Board, said Bill Lucia, Chairman and CEO.  Both are accomplished leaders in their fields of expertise. Kate brings extensive experience in healthcare policy and economic research to our Board, and Jeff brings a deep understanding of managed care, health information technology, value-based care, and quality clinical outcomes practices. We look forward to benefitting from their unique, independent perspectives of the changing healthcare environment as we continue to successfully grow our business and create long-term value for our shareholders and clients.

I am honored and excited to join the HMS Board of Directors, commented Dr. Baicker.  I look forward to working with the Board and management team as we pursue a shared goal of guiding HMS’ continued innovation and leadership in this crucial area of the healthcare system.

HMS has a proven executive team and a vast opportunity to leverage its data analytics capabilities to improve payment accuracy and clinical outcomes for its clients and the healthcare industry overall, Dr. Rideout added. I look forward to bringing valuable ideas and insights to the Board to help the Company realize even greater success. Its earnings per share (EPS) expected to touch remained 117.90% for this year while earning per share for the next 5-years is expected to reach at 22.68%. HMSY has a gross margin of 33.40% and an operating margin of 11.70% while its profit margin remained 11.30% for the last 12 months. 

 According to the most recent quarter its current ratio was 5.3 that represents company’s ability to meet its current financial obligations. The price moved ahead of 3.83% from the mean of 20 days, 4.44% from mean of 50 days SMA and performed 1.48% from mean of 200 days price. Company’s performance for the week was 5.36%, 0.92% for month and YTD performance remained 13.26%.

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