Public Employees Retirement Association of Colorado decreased its stake in shares of Maximus Inc. (NYSE:MMS) by 0.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 460,674 shares of the company’s stock after selling 200 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Maximus were worth $25,508,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. ClariVest Asset Management LLC boosted its position in shares of Maximus by 15.3% in the second quarter. ClariVest Asset Management LLC now owns 21,787 shares of the company’s stock valued at $1,206,000 after buying an additional 2,891 shares in the last quarter. First Midwest Bank Trust Division boosted its position in shares of Maximus by 46.9% in the second quarter. First Midwest Bank Trust Division now owns 19,519 shares of the company’s stock valued at $1,081,000 after buying an additional 6,233 shares in the last quarter. Hendershot Investments Inc. bought a new position in shares of Maximus during the second quarter valued at about $1,902,000. Moody Aldrich Partners LLC boosted its position in shares of Maximus by 200.9% in the second quarter. Moody Aldrich Partners LLC now owns 44,550 shares of the company’s stock valued at $2,467,000 after buying an additional 29,745 shares in the last quarter. Finally, Strs Ohio boosted its position in shares of Maximus by 6.1% in the second quarter. Strs Ohio now owns 91,700 shares of the company’s stock valued at $5,077,000 after buying an additional 5,300 shares in the last quarter. Institutional investors own 99.00% of the company’s stock.
Shares of Maximus Inc. (NYSE:MMS) traded down 2.03% on Tuesday, hitting $55.00. 225,490 shares of the stock traded hands. The stock’s 50 day moving average price is $57.33 and its 200 day moving average price is $55.91. The stock has a market cap of $3.57 billion, a P/E ratio of 22.48 and a beta of 1.15. Maximus Inc. has a 52-week low of $45.15 and a 52-week high of $69.85.
Maximus (NYSE:MMS) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.04. The company had revenue of $617.10 million for the quarter, compared to the consensus estimate of $625.62 million. Maximus had a net margin of 6.91% and a return on equity of 23.89%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.62 EPS. On average, equities analysts expect that Maximus Inc. will post $2.65 EPS for the current fiscal year.
MMS has been the topic of several research reports. Zacks Investment Research lowered shares of Maximus from a “hold” rating to a “sell” rating in a research note on Wednesday, August 3rd. KeyCorp initiated coverage on shares of Maximus in a research note on Monday, July 11th. They set a “buy” rating on the stock. Finally, Maxim Group boosted their price objective on shares of Maximus from $71.00 to $74.00 and gave the stock a “buy” rating in a research note on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. Maximus presently has a consensus rating of “Buy” and a consensus price target of $63.00.
In related news, General Counsel David Francis sold 1,500 shares of the firm’s stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $58.69, for a total value of $88,035.00. Following the transaction, the general counsel now owns 21,936 shares of the company’s stock, valued at approximately $1,287,423.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, President Bruce Caswell sold 20,000 shares of the firm’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $56.99, for a total transaction of $1,139,800.00. Following the completion of the transaction, the president now directly owns 36,386 shares in the company, valued at approximately $2,073,638.14. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by corporate insiders.
Maximus Company Profile
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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