Falcon Point Capital Lowers stake in MAXIMUS (MMS)

MAXIMUS (MMS) : Falcon Point Capital reduced its stake in MAXIMUS by 52.37% during the most recent quarter end. The investment management company now holds a total of 135,679 shares of MAXIMUS which is valued at $8,057,976 after selling 149,166 shares in MAXIMUS , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.MAXIMUS makes up approximately 1.35% of Falcon Point Capital’s portfolio.

Other Hedge Funds, Including , Moody Aldrich Partners boosted its stake in MMS in the latest quarter, The investment management firm added 29,745 additional shares and now holds a total of 44,550 shares of MAXIMUS which is valued at $2,645,825. MAXIMUS makes up approx 2.10% of Moody Aldrich Partners’s portfolio.Ls Investment Advisors boosted its stake in MMS in the latest quarter, The investment management firm added 1,630 additional shares and now holds a total of 3,928 shares of MAXIMUS which is valued at $234,462. MAXIMUS makes up approx 0.02% of Ls Investment Advisors’s portfolio.Van Berkom Associates boosted its stake in MMS in the latest quarter, The investment management firm added 29,175 additional shares and now holds a total of 1,255,672 shares of MAXIMUS which is valued at $74,951,062. MAXIMUS makes up approx 3.27% of Van Berkom Associates’s portfolio.Thomson Horstmann Bryant Inc reduced its stake in MMS by selling 7,609 shares or 33.53% in the most recent quarter. The Hedge Fund company now holds 15,084 shares of MMS which is valued at $900,364. MAXIMUS makes up approx 0.11% of Thomson Horstmann Bryant Inc’s portfolio.Eagle Asset Management Inc reduced its stake in MMS by selling 2,154 shares or 0.84% in the most recent quarter. The Hedge Fund company now holds 255,014 shares of MMS which is valued at $15,071,327. MAXIMUS makes up approx 0.10% of Eagle Asset Management Inc’s portfolio.

MAXIMUS closed down -0.19 points or -0.32% at $58.92 with 2,67,138 shares getting traded on Friday. Post opening the session at $59.14, the shares hit an intraday low of $58.445 and an intraday high of $59.86 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, MAXIMUS reported $0.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.62. The company had revenue of $606.50 million for the quarter, compared to analysts expectations of $600.99 million. The company’s revenue was up 25.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS.

Investors should note that on Jul 12, 2016, MAXIMUS announced a cash dividend of $0.0450. The company’s management has announced Aug 11, 2016 as the ex-dividend date and fixed the record date on Aug 15, 2016. The payable date has been fixed on Aug 31, 2016.

Many Wall Street Analysts have commented on MAXIMUS. KeyBanc Capital Mkts Initiated MAXIMUS on Jul 11, 2016 to “Overweight”, Price Target of the shares are set at $63.

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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