Makaira Partners buys $26,378,324 stake in MAXIMUS (MMS)

MAXIMUS (MMS) : Makaira Partners scooped up 308,400 additional shares in MAXIMUS during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 441,700 shares of MAXIMUS which is valued at $26,378,324.MAXIMUS makes up approximately 3.99% of Makaira Partners’s portfolio.

Other Hedge Funds, Including , Alliancebernstein boosted its stake in MMS in the latest quarter, The investment management firm added 3,070 additional shares and now holds a total of 114,061 shares of MAXIMUS which is valued at $6,811,723. MAXIMUS makes up approx 0.01% of Alliancebernstein’s portfolio.Bessemer Group Inc reduced its stake in MMS by selling 61 shares or 28.91% in the most recent quarter. The Hedge Fund company now holds 150 shares of MMS which is valued at $8,958.Mycio Wealth Partners boosted its stake in MMS in the latest quarter, The investment management firm added 80 additional shares and now holds a total of 103 shares of MAXIMUS which is valued at $6,151.American Century Companies Inc reduced its stake in MMS by selling 20,761 shares or 16.39% in the most recent quarter. The Hedge Fund company now holds 105,881 shares of MMS which is valued at $6,288,273. MAXIMUS makes up approx 0.01% of American Century Companies Inc’s portfolio.

MAXIMUS closed down -0.47 points or -0.80% at $58.35 with 2,91,686 shares getting traded on Thursday. Post opening the session at $58.69, the shares hit an intraday low of $58.26 and an intraday high of $59.35 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.

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.

Leave a Reply

MAXIMUS - Is it time to Sell?

Top Brokerage Firms are advising their investors on MAXIMUS. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.