MAXIMUS (MMS) : New Amsterdam Partnersny added new position in MAXIMUS during the most recent quarter end. The investment management firm now holds 85,462 shares of MAXIMUS which is valued at $4,957,651 , the company said in a statement filed on Aug 1, 2016 with the SEC.MAXIMUS makes up approximately 1.15% of New Amsterdam Partnersny’s portfolio.
Other Hedge Funds, Including , Bank Of Hawaii boosted its stake in MMS in the latest quarter, The investment management firm added 1,527 additional shares and now holds a total of 18,389 shares of MAXIMUS which is valued at $1,066,746. MAXIMUS makes up approx 0.11% of Bank Of Hawaii’s portfolio.First Midwest Bank Trust Division boosted its stake in MMS in the latest quarter, The investment management firm added 6,233 additional shares and now holds a total of 19,519 shares of MAXIMUS which is valued at $1,159,233. MAXIMUS makes up approx 0.14% of First Midwest Bank Trust Division’s portfolio.Huntington National Bank reduced its stake in MMS by selling 1,705 shares or 45.01% in the most recent quarter. The Hedge Fund company now holds 2,083 shares of MMS which is valued at $123,709.Verus Financial Partners reduced its stake in MMS by selling 537 shares or 4.47% in the most recent quarter. The Hedge Fund company now holds 11,488 shares of MMS which is valued at $664,811. MAXIMUS makes up approx 0.29% of Verus Financial Partners’s portfolio.Capstone Asset Management Co boosted its stake in MMS in the latest quarter, The investment management firm added 1,050 additional shares and now holds a total of 7,262 shares of MAXIMUS which is valued at $430,709. MAXIMUS makes up approx 0.01% of Capstone Asset Management Co’s portfolio.
MAXIMUS closed down -0.59 points or -1.02% at $57.42 with 6,17,841 shares getting traded on Thursday. Post opening the session at $59.5, the shares hit an intraday low of $56.39 and an intraday high of $59.5 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, MAXIMUS reported $0.79 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.70. The company had revenue of $617.09 million for the quarter, compared to analysts expectations of $625.08 million. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 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. Company shares were Reiterated by Maxim Group on Aug 4, 2016 to “Buy”, Firm has raised the Price Target to $ 74 from a previous price target of $71 .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.