MAXIMUS (MMS) : Verus Financial Partners reduced its stake in MAXIMUS by 4.47% during the most recent quarter end. The investment management company now holds a total of 11,488 shares of MAXIMUS which is valued at $664,811 after selling 537 shares in MAXIMUS , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.MAXIMUS makes up approximately 0.29% of Verus Financial Partners’s portfolio.
Other Hedge Funds, Including , Cutler Group Lp boosted its stake in MMS in the latest quarter, The investment management firm added 8,042 additional shares and now holds a total of 9,000 shares of MAXIMUS which is valued at $533,790. MAXIMUS makes up approx 0.04% of Cutler Group Lp’s portfolio. Washington Trust Bank added MMS to its portfolio by purchasing 32 company shares during the most recent quarter which is valued at $1,852.Bnp Paribas Arbitrage Sa boosted its stake in MMS in the latest quarter, The investment management firm added 7,368 additional shares and now holds a total of 40,646 shares of MAXIMUS which is valued at $2,352,997. MAXIMUS makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio. Kistler-tiffany Companies added MMS to its portfolio by purchasing 10 company shares during the most recent quarter which is valued at $579.
MAXIMUS closed down -0.43 points or -0.74% at $57.87 with 3,84,306 shares getting traded on Monday. Post opening the session at $58.33, the shares hit an intraday low of $57.54 and an intraday high of $58.43 and the price fluctuated in this range throughout the day.Shares ended Monday 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.