NEW YORK ( TheStreet) -- HMS Holdings Corporation (Nasdaq: HMSY) hit a new 52-week high Thursday as it traded at $77.44 compared with its previous 52-Week high of $77.43. HMS is changing hands at $77.44 with 53,404 shares traded as of 11:15 a.m. ET. Average volume has been 159,400 shares over the past 30 days.

HMS has a market cap of $2.1 billion and is part of the services sector and diversified services industry. Shares are up 16.8% year to date as of the close of trading on Wednesday.

HMS Holdings Corp. provides cost management services for government-sponsored health and human services programs. The company has a P/E ratio of 53.4, equal to the average diversified services industry P/E ratio and above the S&P 500 P/E ratio of 21.5.

TheStreet Ratings rates HMS as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full HMS Ratings Report.

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