Jefferies Raises Guidance On HMS Holdings

According to Jefferies, HMS Holdings HMSY continues to make RAC headway. Jefferies said that its $75 PT is based on a 30x multiple of its 2012 adj. EPS estimate of $2.52, representing a slight premium to historical averages. “Risks include possible delays in Medicaid RAC implementations, adding new state and MCO business and re-procurement losses.” HMS Holdings closed on Friday at $75.60.