Public Employees Retirement Association of Colorado boosted its position in MAXIMUS, Inc. (NYSE:MMS) by 11.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 298,159 shares of the health services provider’s stock after acquiring an additional 29,759 shares during the period. Public Employees Retirement Association of Colorado owned 0.47% of MAXIMUS worth $21,628,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the stock. Signaturefd LLC lifted its stake in MAXIMUS by 19.6% in the second quarter. Signaturefd LLC now owns 1,145 shares of the health services provider’s stock valued at $83,000 after buying an additional 188 shares during the period. Hendershot Investments Inc. raised its position in shares of MAXIMUS by 90.0% during the second quarter. Hendershot Investments Inc. now owns 40,287 shares of the health services provider’s stock worth $2,922,000 after purchasing an additional 19,080 shares during the period. Aperio Group LLC raised its position in shares of MAXIMUS by 18.0% during the second quarter. Aperio Group LLC now owns 180,142 shares of the health services provider’s stock worth $13,067,000 after purchasing an additional 27,431 shares during the period. AGF Investments LLC raised its position in shares of MAXIMUS by 35.2% during the second quarter. AGF Investments LLC now owns 4,382 shares of the health services provider’s stock worth $318,000 after purchasing an additional 1,140 shares during the period. Finally, Dupont Capital Management Corp raised its position in shares of MAXIMUS by 6.7% during the second quarter. Dupont Capital Management Corp now owns 38,230 shares of the health services provider’s stock worth $2,773,000 after purchasing an additional 2,407 shares during the period. Institutional investors and hedge funds own 94.53% of the company’s stock.
MAXIMUS stock traded up $0.28 during midday trading on Wednesday, reaching $76.30. The stock had a trading volume of 84,402 shares, compared to its average volume of 307,485. The company’s fifty day moving average is $73.61. MAXIMUS, Inc. has a 1-year low of $60.00 and a 1-year high of $80.83. The stock has a market capitalization of $4.84 billion, a PE ratio of 22.44, a P/E/G ratio of 2.04 and a beta of 0.88.
MAXIMUS (NYSE:MMS) last announced its earnings results on Thursday, August 8th. The health services provider reported $0.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.04. MAXIMUS had a return on equity of 20.72% and a net margin of 8.44%. The business had revenue of $730.70 million for the quarter, compared to analyst estimates of $754.81 million. During the same quarter last year, the firm earned $0.91 EPS. MAXIMUS’s revenue for the quarter was up 22.2% compared to the same quarter last year. As a group, equities analysts predict that MAXIMUS, Inc. will post 3.72 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Wednesday, August 14th. MAXIMUS’s dividend payout ratio is presently 29.41%.
A number of research firms have recently commented on MMS. Canaccord Genuity raised their price target on MAXIMUS from $72.00 to $77.00 and gave the stock a “hold” rating in a research report on Tuesday. Zacks Investment Research raised MAXIMUS from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Monday, May 27th. ValuEngine lowered MAXIMUS from a “buy” rating to a “hold” rating in a research report on Friday, June 28th. Finally, Wells Fargo & Co reissued a “market perform” rating and issued a $83.00 target price on shares of MAXIMUS in a research report on Friday, August 9th.
In other MAXIMUS news, Vice Chairman Richard A. Montoni sold 35,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $74.68, for a total value of $2,613,800.00. Following the completion of the transaction, the insider now directly owns 377,874 shares in the company, valued at $28,219,630.32. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Russell A. Beliveau sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $72.90, for a total value of $72,900.00. The disclosure for this sale can be found here. In the last three months, insiders sold 48,000 shares of company stock worth $3,575,540. 2.20% of the stock is owned by insiders.
MAXIMUS, Inc provides business process services (BPS) to government health and human services programs worldwide. The company's Health Services segment offers various BPS, appeals, and assessments for state, provincial, and national government programs, including Medicaid, Children's Health Insurance Program, Affordable Care Act, Health Insurance British Columbia, Health Assessment Advisory Service contract, and Preadmission Screening and Resident Reviews.
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