Oppenheimer analyst Mohan Naidu says HMS Holdings is entering into a new vertical with the acquisition of two companies in recent quarters. The analyst notes that the Eliza acquisition, along with earlier announced Essette acquisition, increases the company's offerings to MCOs and risk-bearing providers. Naidu believes the combination of solutions, and HMS Holdings' vast data, is "a unique competitive advantage" compared to other vendors in the marketplace. He reiterated an Outperform rating on the stock and raised his price target on the shares to $26 from $24.