HMS Holdings Corp (HMSY, Financial) filed Quarterly Report for the period ended 2012-06-30.
Hms Holdings Corp. has a market cap of $2.97 billion; its shares were traded at around $35.63 with a P/E ratio of 50.8 and P/S ratio of 8.2. Hms Holdings Corp. had an annual average earning growth of 35.3% over the past 5 years.
Direct project expense as a percentage of revenue was 11.0% for the three months ended June 30, 2012, compared to 12.4% for the three months ended June 30, 2011. Direct project expense for the current quarter was $13.2 million, a $2.1 million, or 19.3%, increase compared to direct project expense of $11.1 million for the same quarter in the prior year. This increase resulted from a $3.0 million increase related to HDI direct project expenses, and a $0.4 million increase for data conversion fees, partially offset by a $1.2 million decrease for subcontractor expenses and a $0.1 million decrease for postage and delivery fees.
Selling, general, and administrative expense as a percentage of revenue was 12.4% for the three months ended June 30, 2012 compared to 11.9% for the three months ended June 30, 2011. Selling, general, and administrative expense for the current quarter was $14.9 million, a $4.2 million, or 39.4%, increase compared to $10.7 million for the same quarter in the prior year. During the quarter ended June 30, 2012, we averaged 209 corporate employees, an 80.2% increase over our average of 116 corporate employees during the quarter ended June 30, 2011. Compensation expense increased by $3.7 million due to the increase in headcount and stock compensation expense. Data processing expense increased by $0.4 million relating to expenses for hosting services and disaster recovery preparedness. Occupancy expenses increased by $0.1 million due to additional space requirements.
Data processing expense as a percentage of revenue was 6.6% for the six months ended June 30, 2012, compared to 6.2% for the six months ended June 30, 2011. Data processing expense was $14.9 million for the six months ended June 30, 2012, an increase of $4.3 million, or 40.3%, over data processing expense of $10.6 million for the same period in the prior year. Revenue growth as well as acquisitions drove the need for increased capacity in our data processing environment. This increase reflects $2.2 million in additional software related costs, $1.2 million in additional hardware and hosting costs, and $0.9 million in additional data communications and data costs due to the growth of our business, including increases in transaction volume and the number of employees.
Selling, general, and administrative expense as a percentage of revenue was 13.0% for the six months ended June 30, 2012 compared to 12.4% for the six months ended June 30, 2011. Selling, general, and administrative expense for the current period was $29.7 million, a $8.3 million, or 39.1%, increase compared to $21.4 million for the same period in the prior year. During the period ended June 30, 2012, we averaged 201 corporate employees, a 73.3% increase over our average of 116 corporate employees during the period ended June 30, 2011. Compensation expense increased by $6.9 million due to the increase in headcount and stock compensation. Data processing expense increased by $0.8 million relating to software and equipment expense. Occupancy expenses increased by $0.4 million due to telecommunications expenses and additional space requirements. Other expenses increased by $0.3 million primarily due to an increase in consulting expenses.
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Hms Holdings Corp. has a market cap of $2.97 billion; its shares were traded at around $35.63 with a P/E ratio of 50.8 and P/S ratio of 8.2. Hms Holdings Corp. had an annual average earning growth of 35.3% over the past 5 years.
Highlight of Business Operations:
Data processing expense as a percentage of revenue was 6.7% for the three months ended June 30, 2012, compared to 6.3% for the three months ended June 30, 2011. Data processing expense was $8.0 million for the current quarter, an increase of $2.3 million, or 42.0%, over data processing expense of $5.7 million for the same quarter in the prior year. Revenue growth as well as acquisitions drove the need for increased capacity in our data processing environment. This increase reflects $1.2 million in additional software related costs, $0.6 million in additional hardware and hosting costs, and $0.5 million in additional data communications and data costs due to the growth of our business, including increases in transaction volume and the number of employees.Direct project expense as a percentage of revenue was 11.0% for the three months ended June 30, 2012, compared to 12.4% for the three months ended June 30, 2011. Direct project expense for the current quarter was $13.2 million, a $2.1 million, or 19.3%, increase compared to direct project expense of $11.1 million for the same quarter in the prior year. This increase resulted from a $3.0 million increase related to HDI direct project expenses, and a $0.4 million increase for data conversion fees, partially offset by a $1.2 million decrease for subcontractor expenses and a $0.1 million decrease for postage and delivery fees.
Selling, general, and administrative expense as a percentage of revenue was 12.4% for the three months ended June 30, 2012 compared to 11.9% for the three months ended June 30, 2011. Selling, general, and administrative expense for the current quarter was $14.9 million, a $4.2 million, or 39.4%, increase compared to $10.7 million for the same quarter in the prior year. During the quarter ended June 30, 2012, we averaged 209 corporate employees, an 80.2% increase over our average of 116 corporate employees during the quarter ended June 30, 2011. Compensation expense increased by $3.7 million due to the increase in headcount and stock compensation expense. Data processing expense increased by $0.4 million relating to expenses for hosting services and disaster recovery preparedness. Occupancy expenses increased by $0.1 million due to additional space requirements.
Data processing expense as a percentage of revenue was 6.6% for the six months ended June 30, 2012, compared to 6.2% for the six months ended June 30, 2011. Data processing expense was $14.9 million for the six months ended June 30, 2012, an increase of $4.3 million, or 40.3%, over data processing expense of $10.6 million for the same period in the prior year. Revenue growth as well as acquisitions drove the need for increased capacity in our data processing environment. This increase reflects $2.2 million in additional software related costs, $1.2 million in additional hardware and hosting costs, and $0.9 million in additional data communications and data costs due to the growth of our business, including increases in transaction volume and the number of employees.
Selling, general, and administrative expense as a percentage of revenue was 13.0% for the six months ended June 30, 2012 compared to 12.4% for the six months ended June 30, 2011. Selling, general, and administrative expense for the current period was $29.7 million, a $8.3 million, or 39.1%, increase compared to $21.4 million for the same period in the prior year. During the period ended June 30, 2012, we averaged 201 corporate employees, a 73.3% increase over our average of 116 corporate employees during the period ended June 30, 2011. Compensation expense increased by $6.9 million due to the increase in headcount and stock compensation. Data processing expense increased by $0.8 million relating to software and equipment expense. Occupancy expenses increased by $0.4 million due to telecommunications expenses and additional space requirements. Other expenses increased by $0.3 million primarily due to an increase in consulting expenses.
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