MAXIMUS (MMS) : Falcon Point Capital scooped up 76,494 additional shares in MAXIMUS during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 15, 2016. The investment management firm now holds a total of 284,845 shares of MAXIMUS which is valued at $14,564,125.MAXIMUS makes up approximately 2.57% of Falcon Point Capital’s portfolio.
MAXIMUS opened for trading at $52.23 and hit $52.5 on the upside on Wednesday, eventually ending the session at $52.47, with a gain of 0.48% or 0.25 points. The heightened volatility saw the trading volume jump to 2,94,351 shares. Company has a market cap of $3,405 M.
Other Hedge Funds, Including , 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 which is valued at $1,096,483. MAXIMUS 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 which is valued at $317,620. MAXIMUS makes up approx 0.01% of Capstone Asset Management Co’s portfolio.Eagle Asset Management Inc reduced its stake in MMS by selling 27,279 shares or 9.59% in the most recent quarter. The Hedge Fund company now holds 257,168 shares of MMS which is valued at $12,122,900. MAXIMUS makes up approx 0.09% of Eagle Asset Management Inc’s portfolio.Copper Rock Capital Partners reduced its stake in MMS by selling 1,885 shares or 0.48% in the most recent quarter. The Hedge Fund company now holds 392,071 shares of MMS which is valued at $18,482,227. MAXIMUS makes up approx 1.62% of Copper Rock Capital Partners’s portfolio.
On the company’s financial health, MAXIMUS 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. 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 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.