Huntington National Bank Has $253,000 Stake in Maximus Inc. (MMS)
Huntington National Bank held its stake in shares of Maximus Inc. (NYSE:MMS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,788 shares of the company’s stock at the end of the second quarter. Huntington National Bank’s holdings in Maximus were worth $253,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the company. Massmutual Trust Co. FSB ADV boosted its stake in shares of Maximus by 3.6% in the first quarter. Massmutual Trust Co. FSB ADV now owns 3,879 shares of the company’s stock worth $204,000 after buying an additional 134 shares during the period. Parametrica Management Ltd acquired a new stake in shares of Maximus during the second quarter worth $216,000. LS Investment Advisors LLC boosted its stake in shares of Maximus by 70.9% in the second quarter. LS Investment Advisors LLC now owns 3,928 shares of the company’s stock worth $217,000 after buying an additional 1,630 shares during the period. Capstone Asset Management Co. boosted its stake in shares of Maximus by 16.9% in the second quarter. Capstone Asset Management Co. now owns 7,262 shares of the company’s stock worth $402,000 after buying an additional 1,050 shares during the period. Finally, Mount Lucas Management LP boosted its stake in shares of Maximus by 10.4% in the first quarter. Mount Lucas Management LP now owns 9,073 shares of the company’s stock worth $478,000 after buying an additional 853 shares during the period. 99.00% of the stock is owned by hedge funds and other institutional investors.
Shares of Maximus Inc. (NYSE:MMS) traded up 1.09% during midday trading on Friday, hitting $56.56. 286,477 shares of the company’s stock traded hands. The company has a 50 day moving average price of $57.99 and a 200 day moving average price of $55.65. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 23.11 and a beta of 1.12. Maximus Inc. has a 1-year low of $45.15 and a 1-year high of $69.85.
Maximus (NYSE:MMS) last announced its earnings results on Thursday, August 4th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.71 by $0.04. The firm 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 business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.62 EPS. Equities analysts anticipate that Maximus Inc. will post $2.65 earnings per share for the current year.
A number of research firms have weighed in on MMS. Zacks Investment Research cut shares of Maximus from a “hold” rating to a “sell” rating in a research report on Wednesday, August 3rd. KeyCorp assumed coverage on shares of Maximus in a research report on Monday, July 11th. They set a “buy” rating on the stock. Finally, Maxim Group increased their price target on shares of Maximus from $71.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, August 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. Maximus presently has an average rating of “Buy” and a consensus target price of $63.00.
In other Maximus news, General Counsel David Francis sold 1,500 shares of the firm’s stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $58.69, for a total value of $88,035.00. Following the sale, the general counsel now directly owns 21,936 shares in the company, valued at approximately $1,287,423.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Bruce Caswell sold 20,000 shares of the firm’s stock in a transaction on 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 sale, the president now owns 36,386 shares in the company, valued at $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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