Maximus, Inc. (MMS) Shares Bought by WCM Investment Management CA
WCM Investment Management CA increased its stake in shares of Maximus, Inc. (NYSE:MMS) by 3.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 25,331 shares of the health services provider’s stock after buying an additional 920 shares during the period. WCM Investment Management CA’s holdings in Maximus were worth $1,586,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in Maximus by 22,491.0% in the first quarter. BlackRock Inc. now owns 6,503,511 shares of the health services provider’s stock valued at $404,518,000 after buying an additional 6,474,723 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of Maximus by 49.5% in the first quarter. Clearbridge Investments LLC now owns 2,004,270 shares of the health services provider’s stock worth $124,666,000 after buying an additional 663,189 shares during the last quarter. William Blair Investment Management LLC raised its position in shares of Maximus by 14.7% in the first quarter. William Blair Investment Management LLC now owns 4,416,279 shares of the health services provider’s stock worth $274,693,000 after buying an additional 566,292 shares during the last quarter. Columbia Wanger Asset Management LLC raised its position in shares of Maximus by 115.7% in the first quarter. Columbia Wanger Asset Management LLC now owns 787,691 shares of the health services provider’s stock worth $48,994,000 after buying an additional 422,499 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Maximus by 8.0% in the first quarter. Vanguard Group Inc. now owns 5,538,187 shares of the health services provider’s stock worth $344,476,000 after buying an additional 411,521 shares during the last quarter. 97.20% of the stock is currently owned by hedge funds and other institutional investors.
Maximus, Inc. (NYSE:MMS) opened at 59.35 on Friday. Maximus, Inc. has a 12 month low of $43.69 and a 12 month high of $64.97. The firm has a market cap of $3.85 billion, a price-to-earnings ratio of 19.02 and a beta of 1.39. The firm’s 50 day moving average is $60.88 and its 200-day moving average is $60.97.
Maximus (NYSE:MMS) last posted its quarterly earnings results on Thursday, August 3rd. The health services provider reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.03. Maximus had a net margin of 8.43% and a return on equity of 25.08%. The company had revenue of $600.40 million for the quarter, compared to analyst estimates of $614.12 million. During the same quarter in the previous year, the firm posted $0.79 earnings per share. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, equities analysts forecast that Maximus, Inc. will post $3.12 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be given a $0.045 dividend. This represents a $0.18 annualized dividend and a dividend yield of 0.30%. The ex-dividend date of this dividend is Friday, August 11th. Maximus’s dividend payout ratio (DPR) is currently 5.73%.
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MMS has been the topic of a number of analyst reports. Maxim Group lowered shares of Maximus from a “buy” rating to a “hold” rating and set a $66.00 target price on the stock. in a research report on Thursday, May 4th. They noted that the move was a valuation call. Jefferies Group LLC lowered shares of Maximus from a “buy” rating to a “hold” rating and increased their target price for the stock from $63.00 to $64.00 in a research report on Friday, May 5th. ValuEngine lowered shares of Maximus from a “buy” rating to a “hold” rating in a research report on Tuesday, May 16th. KeyCorp restated a “sector weight” rating on shares of Maximus in a research report on Thursday, May 25th. Finally, Canaccord Genuity lowered shares of Maximus from a “buy” rating to a “hold” rating and set a $62.00 target price on the stock. in a research report on Tuesday, July 4th. One analyst has rated the stock with a sell rating and eight have given a hold rating to the company. Maximus presently has an average rating of “Hold” and an average target price of $62.17.
In other news, President Bruce Caswell sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $62.76, for a total value of $502,080.00. Following the sale, the president now owns 35,904 shares of the company’s stock, valued at $2,253,335.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Richard A. Montoni sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $62.81, for a total transaction of $1,884,300.00. Following the completion of the sale, the chief executive officer now directly owns 584,114 shares in the company, valued at approximately $36,688,200.34. The disclosure for this sale can be found here. In the last three months, insiders sold 154,342 shares of company stock worth $9,516,217. Insiders own 3.10% of the company’s stock.
MAXIMUS, Inc provides business process services (BPS) to government health and human services agencies. The Company operates through three segments: U.S. Federal Services, Health Services and Human Services. The U.S. Federal Services segment provides BPS and program management for large government programs, independent health review and appeals services for both the United States Federal Government, and state-based programs and technology solutions for civilian federal programs.
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