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HMS Holdings Corp. (HMSY) provides cost containment solutions in the United States healthcare marketplace.
It provides coordination of benefits services to government and commercial healthcare payers and sponsors to coordinate benefits for claims; and payment integrity services that ensure healthcare claims billed are accurate and appropriate, as well as offers care management and consumer engagement solutions.
The company's services also enable customers to recover improper payments; prevent future improper payments; reduce fraud, waste, and abuse; improve outcomes and increase retention; and ensure regulatory compliance.
It serves state Medicaid programs, commercial health plans, federal government health agencies, government and private employers, children's health insurance programs, and other healthcare payers and sponsors.
Shares have formed a bullish "flag" following the company's latest quarterly report. Higher share prices are expected for this stock. The firm posted revenues of $154.25 million for the quarter ended September 2018, surpassing the estimate by 8.16%. It reported EPS of 31 cents, 10 cents above the estimates.
Entry Point: $36.00
Stop Loss: $34.20
Trading Range: $14.88 - $38.15
Target Price: $39.60
HMSY closed at $30.05
