Van Berkom Associates buys $64,599,597 stake in MAXIMUS INC COM (MMS)

MAXIMUS INC COM (MMS) : Van Berkom Associates scooped up 149,979 additional shares in MAXIMUS INC COM during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 1,226,497 shares of MAXIMUS INC COM which is valued at $64,599,597.MAXIMUS INC COM makes up approximately 2.90% of Van Berkom Associates’s portfolio.

MAXIMUS INC COM opened for trading at $53.08 and hit $54.11 on the upside on Wednesday, eventually ending the session at $54.05, with a gain of 1.50% or 0.8 points. The heightened volatility saw the trading volume jump to 4,67,097 shares. Company has a market cap of $3,508 M.

Other Hedge Funds, Including , Alta Capital Management boosted its stake in MMS in the latest quarter, The investment management firm added 240,901 additional shares and now holds a total of 742,158 shares of MAXIMUS INC COM which is valued at $39,089,462. MAXIMUS INC COM makes up approx 2.39% of Alta Capital Management’s portfolio.Summit Creek Advisors boosted its stake in MMS in the latest quarter, The investment management firm added 62,305 additional shares and now holds a total of 408,687 shares of MAXIMUS INC COM which is valued at $21,525,544. MAXIMUS INC COM makes up approx 3.32% of Summit Creek Advisors’s portfolio. Joel Isaacson sold out all of its stake in MMS during the most recent quarter. The investment firm sold 85 shares of MMS which is valued $4,477.Oregon Public Employees Retirement Fund boosted its stake in MMS in the latest quarter, The investment management firm added 845 additional shares and now holds a total of 21,445 shares of MAXIMUS INC COM which is valued at $1,096,483. MAXIMUS INC COM makes up approx 0.02% of Oregon Public Employees Retirement Fund’s portfolio.Capstone Asset Management Co boosted its stake in MMS in the latest quarter, The investment management firm added 120 additional shares and now holds a total of 6,212 shares of MAXIMUS INC COM which is valued at $317,620. MAXIMUS INC COM makes up approx 0.01% of Capstone Asset Management Co’s portfolio.

On the company’s financial health, MAXIMUS INC COM reported $0.40 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on Feb 4, 2016. Analyst had a consensus of $0.47. The company had revenue of $556.70 million for the quarter, compared to analysts expectations of $574.47 million. The company’s revenue was up 19.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.

Many Wall Street Analysts have commented on MAXIMUS INC COM. Shares were Reiterated by Maxim Group on Feb 4, 2016 to “Buy” and Lowered the Price Target to $ 80 from a previous price target of $81 .MAXIMUS INC COM was Upgraded by Raymond James to ” Outperform” on Feb 1, 2016.

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. It provides health and human services to Governments in the United States Australia Canada the United Kingdom and Saudi Arabia. The Company’s United States federal services business provides various contract vehicles. The Company’s Health Services segment provides a range of business process services as well as related consulting services for state provincial and federal Government programs. The Company’s Human Services segment provides federal national state and county human services agencies with a range of business process services as well as related consulting services.

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