HMS Reaches New 52-Week High (HMSY)

NEW YORK ( TheStreet) -- HMS Holdings Corporation (Nasdaq: HMSY) hit a new 52-week high Tuesday as it is currently trading at $34.79, above its previous 52-week high of $34.77 with 20,072 shares traded as of 9:40 a.m. ET. Average volume has been 937,000 shares over the past 30 days.

HMS has a market cap of $2.82 billion and is part of the services sector and diversified services industry. Shares are up 7.9% year to date as of the close of trading on Monday.

HMS Holdings Corp. provides cost containment, coordination of benefits, and program integrity services. The company's services enable clients to recover amounts due from liable third parties, reduce fraud, and ensure regulatory compliance. The company has a P/E ratio of 59.8, above the average diversified services industry P/E ratio of 58.4 and above the S&P 500 P/E ratio of 17.7.

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 expanding profit margins. 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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