HMS Holdings. Announces $50M Share Repurchase Program

HMS Holdings

today announced that its Board of Directors has authorized the repurchase of up to $50.0 million of the company's common stock from time to time on the open market or in privately negotiated transactions, for a period of up to two years. Commenting on the repurchase, Bill Lucia, Chief Executive Officer of HMS Holdings, said, "This share repurchase program demonstrates our continued confidence in the company's long-term strategic growth plan and reflects our strong belief in the intrinsic value of the company's common stock." The timing and amount of any shares repurchased will be determined by the company's management based on its evaluation of market conditions