NEW YORK (TheStreet) -- Shares of HMS Holdings Corp. (HMSY) - Get HMS Holdings Corp. Report closed up 10.08% to $12.99 on heavy trading volume Friday after the Irving, TX-based company reported its 2015 fourth quarter results.
Before today's market open, the government healthcare benefits coordinator posted adjusted earnings of 19 cents per share, topping analysts' expectations of 16 cents per share.
Revenue rose 8.6% to $128.5 million year-over-year and surpassed Wall Street's estimates of $122.12 million.
"2015 was a breakout year for our commercial health plan business, with annual revenue up 19%," CEO Bill Lucia said in a statement.
"With nearly 30% year-over-year growth in the fourth quarter creating momentum and good visibility on 2016 revenue growth based on already closed sales, we are expecting commercial health plan revenue will expand again this year at a rate similar to 2015," he added.
About 2.7 million of the company's shares were traded today, well above its average volume of 591,270 shares per day.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
Separately, TheStreet Ratings Team has a "Hold" rating with a score of C- on the stock.
The primary factors that have impacted the rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks.
The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels.
As a counter to these strengths, the team also finds weaknesses including disappointing return on equity, weak operating cash flow and a generally disappointing performance in the stock itself.
You can view the full analysis from the report here: HMSY