Eagle Asset Management Inc. Has $15,704,000 Position in Maximus Inc. (MMS)
Eagle Asset Management Inc. boosted its stake in shares of Maximus Inc. (NYSE:MMS) by 8.9% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 277,660 shares of the company’s stock after buying an additional 22,646 shares during the period. Eagle Asset Management Inc.’s holdings in Maximus were worth $15,704,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of MMS. Parametrica Management Ltd purchased a new position in Maximus during the second quarter valued at about $216,000. LS Investment Advisors LLC boosted its position in Maximus by 70.9% in the second quarter. LS Investment Advisors LLC now owns 3,928 shares of the company’s stock valued at $217,000 after buying an additional 1,630 shares in the last quarter. Alta Capital Management LLC boosted its position in Maximus by 3.1% in the second quarter. Alta Capital Management LLC now owns 765,352 shares of the company’s stock valued at $42,377,000 after buying an additional 23,194 shares in the last quarter. Van Berkom & Associates Inc. boosted its position in Maximus by 2.4% in the second quarter. Van Berkom & Associates Inc. now owns 1,255,672 shares of the company’s stock valued at $69,527,000 after buying an additional 29,175 shares in the last quarter. Finally, Copper Rock Capital Partners LLC boosted its position in Maximus by 1.6% in the second quarter. Copper Rock Capital Partners LLC now owns 398,242 shares of the company’s stock valued at $22,051,000 after buying an additional 6,171 shares in the last quarter. Hedge funds and other institutional investors own 99.90% of the company’s stock.
Shares of Maximus Inc. (NYSE:MMS) traded down 1.17% during midday trading on Wednesday, hitting $55.60. 45,026 shares of the stock were exchanged. The firm has a 50-day moving average price of $53.84 and a 200 day moving average price of $56.35. Maximus Inc. has a 12-month low of $43.69 and a 12-month high of $61.68. The firm has a market cap of $3.60 billion, a PE ratio of 20.67 and a beta of 1.15.
Maximus (NYSE:MMS) last released its earnings results on Thursday, November 10th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.05. The firm had revenue of $623.10 million for the quarter, compared to analyst estimates of $610.65 million. Maximus had a return on equity of 24.93% and a net margin of 7.42%. The company’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 EPS. Analysts predict that Maximus Inc. will post $3.00 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Tuesday, November 15th will be issued a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date is Thursday, November 10th. Maximus’s dividend payout ratio (DPR) is currently 6.67%.
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Several equities analysts recently issued reports on the stock. Maxim Group boosted their target price on shares of Maximus from $71.00 to $74.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. Zacks Investment Research cut shares of Maximus from a “hold” rating to a “sell” rating in a research note on Wednesday, August 3rd. Raymond James Financial Inc. cut shares of Maximus from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 9th. Sidoti cut shares of Maximus from a “buy” rating to a “neutral” rating and set a $55.00 target price for the company. in a research note on Tuesday, November 15th. Finally, Jefferies Group reiterated a “buy” rating and issued a $65.00 target price (down from $67.00) on shares of Maximus in a research note on Wednesday, November 16th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $61.89.
In other Maximus news, CEO Richard A. Montoni sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, November 25th. The stock was sold at an average price of $57.00, for a total value of $1,425,000.00. Following the sale, the chief executive officer now owns 641,114 shares of the company’s stock, valued at approximately $36,543,498. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel David Francis sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $55.00, for a total value of $110,000.00. Following the completion of the sale, the general counsel now directly owns 27,616 shares in the company, valued at approximately $1,518,880. The disclosure for this sale can be found here. 3.60% of the stock is owned by company insiders.
MAXIMUS, Inc provides business process services (BPS) to Government health and human services agencies. The Company is primarily focused on operating Government-sponsored programs, such as Medicaid, children’s health insurance program (CHIP), health insurance exchanges and other health care reform initiatives, Medicare, welfare-to-work, child support services and other Government programs.
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