Cloud computing popularity is growing rapidly and consequently the number of companies offering their services in the form of Software-as-a-Service (SaaS) or Infrastructure-as-a-Service (IaaS) is increasing. The diversity and usage benefits of IaaS offers are encouraging SaaS providers to lease resources from the Cloud instead of operating their own data centers. However, the question remains for them how to, on the one hand, exploit Cloud benefits to gain less maintenance overheads and on the other hand, maximize the satisfactions of customers with a wide range of requirements. The complexity of addressing these issues prevent many SaaS providers to benefit from the Cloud infrastructures. In this paper, we propose HS4MC approach for automatic service selection by considering SLA claims of SaaS providers. The novelty of our approach lies in the utilization of prospect theory for the service ranking that represents a natural choice for scoring of comparable services due to the users preferences. The HS4MC approach first constructs a set of SLAs based on the given accumulated SaaS provider requirements. Then, it selects a set of services that best fulfills the SLAs. We evaluate our approach in a simulated environment by comparing it with a state-of-the-art utilitybased algorithm. The evaluation results show that our approach selects services that more effectively satisfy the SLAs.