Copper Rock Capital Partners LLC Has $22,076,000 Position in Maximus Inc. (MMS)
Copper Rock Capital Partners LLC cut its stake in shares of Maximus Inc. (NYSE:MMS) by 0.9% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 394,571 shares of the company’s stock after selling 3,671 shares during the period. Copper Rock Capital Partners LLC owned about 0.61% of Maximus worth $22,076,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of MMS. FMR LLC boosted its position in shares of Maximus by 17.4% in the second quarter. FMR LLC now owns 5,269,547 shares of the company’s stock valued at $291,775,000 after buying an additional 780,765 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Maximus by 67.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,211,350 shares of the company’s stock valued at $63,765,000 after buying an additional 488,027 shares during the period. FIL Ltd boosted its position in shares of Maximus by 171.8% in the second quarter. FIL Ltd now owns 716,824 shares of the company’s stock valued at $39,690,000 after buying an additional 453,116 shares during the period. Makaira Partners LLC bought a new position in shares of Maximus during the first quarter valued at about $23,251,000. Finally, Emerald Acquisition Ltd. bought a new position in shares of Maximus during the second quarter valued at about $21,558,000. 99.00% of the stock is owned by institutional investors and hedge funds.
Shares of Maximus Inc. (NYSE:MMS) opened at 55.10 on Friday. Maximus Inc. has a 1-year low of $45.15 and a 1-year high of $69.85. The firm’s 50-day moving average price is $57.52 and its 200 day moving average price is $55.77. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 22.52 and a beta of 1.15.
Maximus (NYSE:MMS) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.04. Maximus had a return on equity of 23.89% and a net margin of 6.91%. The firm had revenue of $617.10 million for the quarter, compared to analyst estimates of $625.62 million. During the same quarter last year, the company posted $0.62 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. Equities research analysts expect that Maximus Inc. will post $2.65 earnings per share for the current fiscal year.
A number of equities analysts recently weighed in on MMS shares. Zacks Investment Research cut Maximus from a “hold” rating to a “sell” rating in a report on Wednesday, August 3rd. KeyCorp started coverage on Maximus in a report on Thursday, June 30th. They issued an “overweight” rating and a $63.00 price target for the company. Finally, Maxim Group upped their price target on Maximus from $71.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $63.00.
In related news, President Bruce Caswell sold 20,000 shares of the firm’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $56.99, for a total transaction of $1,139,800.00. Following the transaction, the president now owns 36,386 shares of the company’s stock, valued at $2,073,638.14. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Richard A. Montoni sold 25,000 shares of the firm’s stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $58.70, for a total value of $1,467,500.00. Following the transaction, the chief executive officer now directly owns 620,282 shares in the company, valued at approximately $36,410,553.40. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company’s stock.
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.
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