Stock in News Spotlight: HMS Holdings Corp. (NASDAQ: HMSY)

On 22 Nov 2019, HMS Holdings Corp. (NASDAQ: HMSY) stock observed trading -24.69% off 52-week high price. On the other end, the stock has been noted 25.38% away from low price over the last 52-weeks. The stock disclosed a move of -5.91% away from 50 day moving average and -6.49% away from 200 day moving average. Moving closer, we can see that shares have been trading 5.21% off 20-day moving average. It has market cap of $2650.72M.

HMS Holdings Corp. (HMSY) recently reported financial results for the third quarter ended September 30, 2019.

Third Quarter

Total revenue in the third quarter of 2019 was $146.8M, contrast to total revenue of $154.2M in the previous year third quarter (-4.8%).

Coordination of Benefits (COB) revenue was $94.6M in the third quarter of 2019 contrast to $105.7M in the previous year third quarter (-10.5%).  Analytical Services revenue, which includes Payment Integrity (PI) and Population Health Management (PHM), was $52.2M in the third quarter of 2019, contrast to $48.5M in the previous year third quarter (+7.6%).

PI revenue was $37.0M in the third quarter of 2019, contrast to $33.2M in the previous year third quarter (+11.4%).  PHM revenue was $15.2M in the third quarter of 2019, contrast to $15.3M in the previous year third quarter (-0.7%).

Net income in the third quarter of 2019 was $21.1M, or $0.24 per diluted share, contrast to net income of $18.6M, or $0.22 per diluted share, in the previous year third quarter.  In the third quarter of 2019, net income included a net benefit of $0.06 per diluted share related to a gain on the sale of an investment (the “3Q 2019 Gain on Investment”).

Adjusted EBITDA in the third quarter of 2019 was $38.8M, which included a net benefit of $7.7M related to the 3Q 2019 Gain on Investment, contrast to $41.4M in the previous year third quarter (-6.3%).  Not Including the impact of the 3Q 2019 Gain on Investment, adjusted EBITDA in the third quarter of 2019 reduced 24.9% contrast to the same period in the previous year.

Adjusted EPS in the third quarter of 2019 was $0.30 per diluted share, which included a net benefit of $0.06 per diluted share related to the 3Q 2019 Gain on Investment, contrast to adjusted EPS of $0.31 per diluted share in the third quarter of 2018.  Not Including the 3Q 2019 Gain on Investment, adjusted EPS in the third quarter of 2019 was $0.24 per diluted share.

Nine Months Ended

Total revenue for the nine months ended September 30, 2019 was $463.0M, contrast to $442.5M in the previous year (+4.6%). For the nine months ended September 30, 2019, total revenue included $10.5M from the 2Q 2019 Reserve Release. During the second quarter of 2019, the Company released its remaining contract related balances under its original Medicare RAC Contract (the “2Q 2019 Reserve Release”). For the nine months ended September 30, 2018, total revenue included $8.4M from the Medicare RAC reserve release in the first quarter of 2018 (the “1Q 2018 Reserve Release”). Not Including the 2Q 2019 Reserve Release and the 1Q 2018 Reserve Release, (the “Reserve Releases”), total revenue increased 4.2% contrast to the previous year.

COB revenue for the nine months ended September 30, 2019 was $305.6M, contrast to $298.2M in the previous year (+2.5%).  Analytical Services revenue, which includes PI and PHM, was $157.4M for the nine months ended September 30, 2019, contrast to $144.3M in the previous year (+9.1%). For the nine months ended September 30, 2019, Analytical Services revenue included $10.5M from the 2Q 2019 Reserve Release. For the nine months ended September 30, 2018, Analytical Services revenue included $8.4M from the 1Q 2018 Reserve Release.  Not Including the Reserve Releases, Analytical Services revenue increased 8.1% from the previous year.

The USA based company HMS Holdings Corp. moved with change of 3.76% to $30.63 with the total traded volume of 851778 shares in recent session versus to an average volume of 589.5K. The stock was observed in the 5 days activity at 7.21%. The one-month performance of stock was -8.16%. HMSY’s shares are at -17.48% for the quarter and driving a -13.55% return over the course of the past year and is now at 8.89% since this point in 2018.  Right now, the stock beta is 1.16. The average volatility for the week and month was at 2.30% and 3.66% respectively. There are 86.54M shares outstanding and 86.54M shares are floated in market.

 

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