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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 "cup and handle" following the company's latest quarterly report. The shares are on the cusp of a breakout to the upside.
On August 2nd, the company reported 2nd Quarter June 2019 earnings of $0.30 per share on revenue of $168.2 million. The consensus earnings estimate was $0.23 per share on revenue of $159.4 million. Revenue grew 14.6% on a year-over-year basis.
The company said it expects 2019 revenue of $650.0 million to $660.0 million. The company's previous guidance was revenue of $640.0 million to $650.0 million and the current consensus estimate is revenue of $646.9 million for the year ending December 31, 2019.
Entry Point: $39.00
Stop Loss: $36.50
Trading Range: $26.21 - $39.96
Target Price: $43.15
HMSY closed at $34
