Thesis
HMS Holdings (HMSY) delivered another strong quarter, beating both consensus revenue and earnings projections. The company, which issues annual guidance only, is on pace to deliver another year of solid growth. The company maintained guidance and is on pace to deliver revenue growth of at least 7% and earnings growth of at least 16% for the year.
The stock popped 10% on the Q1 beat. As in recent quarters, the company delivered strong numbers and the stock price reacted positively to the news. And, like in recent quarters, the stock subsequently sold