Retirement Systems of Alabama Has $4,635,000 Stake in Maximus Inc. (MMS)
Retirement Systems of Alabama raised its position in shares of Maximus Inc. (NYSE:MMS) by 0.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,715 shares of the company’s stock after buying an additional 37 shares during the period. Retirement Systems of Alabama’s holdings in Maximus were worth $4,635,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MMS. Parametrica Management Ltd acquired a new position in Maximus during the second quarter worth approximately $216,000. LS Investment Advisors LLC raised 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 worth $217,000 after buying an additional 1,630 shares during the last quarter. Capstone Asset Management Co. raised its position in 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 last quarter. Mount Lucas Management LP raised its position in 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 last quarter. Finally, Nordea Investment Management AB raised its position in Maximus by 211.2% in the second quarter. Nordea Investment Management AB now owns 10,286 shares of the company’s stock worth $570,000 after buying an additional 6,981 shares during the last quarter. 99.00% of the stock is owned by institutional investors and hedge funds.
Shares of Maximus Inc. (NYSE:MMS) traded down 0.15% on Friday, hitting $54.58. The stock had a trading volume of 208,853 shares. Maximus Inc. has a 52-week low of $45.15 and a 52-week high of $69.85. The company has a market cap of $3.54 billion, a P/E ratio of 22.30 and a beta of 1.15. The company has a 50-day moving average of $56.91 and a 200-day moving average of $55.93.
Maximus (NYSE:MMS) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04. The firm had revenue of $617.10 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the company earned $0.62 earnings per share. On average, equities analysts anticipate that Maximus Inc. will post $2.65 EPS for the current fiscal year.
A number of research analysts have commented on the company. Maxim Group upped their price target on Maximus from $71.00 to $74.00 and gave the company a “buy” rating in a research report on Thursday, August 4th. KeyCorp assumed coverage on Maximus in a research report on Monday, July 11th. They set a “buy” rating for the company. Finally, Zacks Investment Research lowered Maximus from a “hold” rating to a “sell” rating in a research report on Wednesday, October 5th. One equities research 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 currently has a consensus rating of “Buy” and a consensus target price of $63.00.
In other news, President Bruce Caswell sold 30,000 shares of the business’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $58.98, for a total transaction of $1,769,400.00. Following the sale, the president now directly owns 39,386 shares of the company’s stock, valued at $2,322,986.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paul R. Lederer sold 500 shares of the business’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $59.15, for a total transaction of $29,575.00. Following the sale, the director now directly owns 74,674 shares in the company, valued at $4,416,967.10. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.
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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