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UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT on HMS Holdings Corp.

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In a report published Monday, Jefferies & Company reiterated its Buy rating on HMS Holdings Corp. (NASDAQ: HMSY), and raised its price target from $29.00 to $34.00.

Jefferies noted, “We hosted a series of meetings with CFO Walter Hosp. HMSY remains our top pick based on: (1) positive thematic momentum through 2013 with its growth leveraged to Medicaid expansion; (2) conservative 2013 guidance; (3) accelerating growth in '14 and '15; and (4) considerable investor interest in the stock. 4Q12 consensus has dropped since our upgrade, reflecting lower expectations discounted in the stock.”

HMS Holdings Corp. closed on Friday at $27.88.

Latest Ratings for HMSY

DateFirmActionFromTo
Apr 2016OppenheimerUpgradesSector PerformOutperform
Apr 2016Avondale PartnersInitiates Coverage onMarket Outperform
Aug 2015JefferiesMaintainsBuy

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