Maximus Inc. (MMS) Shares Sold by Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado lowered its position in Maximus Inc. (NYSE:MMS) by 0.0% during the second quarter, according to its most recent filing with the SEC. The fund owned 460,674 shares of the company’s stock after selling 200 shares during the period. Public Employees Retirement Association of Colorado owned approximately 0.71% of Maximus worth $25,508,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. ClariVest Asset Management LLC boosted its position in Maximus by 15.3% in the second quarter. ClariVest Asset Management LLC now owns 21,787 shares of the company’s stock worth $1,206,000 after buying an additional 2,891 shares during the period. First Midwest Bank Trust Division boosted its position in Maximus by 46.9% in the second quarter. First Midwest Bank Trust Division now owns 19,519 shares of the company’s stock worth $1,081,000 after buying an additional 6,233 shares during the period. Hendershot Investments Inc. bought a new position in Maximus during the second quarter worth about $1,902,000. Moody Aldrich Partners LLC boosted its position in Maximus by 200.9% in the second quarter. Moody Aldrich Partners LLC now owns 44,550 shares of the company’s stock worth $2,467,000 after buying an additional 29,745 shares during the period. Finally, Strs Ohio boosted its position in Maximus by 6.1% in the second quarter. Strs Ohio now owns 91,700 shares of the company’s stock worth $5,077,000 after buying an additional 5,300 shares during the period. 99.00% of the stock is currently owned by institutional investors.
Maximus Inc. (NYSE:MMS) traded down 2.03% during midday trading on Tuesday, reaching $55.00. 225,490 shares of the company’s stock traded hands. The firm has a market cap of $3.57 billion, a PE ratio of 22.48 and a beta of 1.15. The firm’s 50-day moving average is $57.33 and its 200 day moving average is $55.91. Maximus Inc. has a 52-week low of $45.15 and a 52-week high of $69.85.
Maximus (NYSE:MMS) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.04. Maximus had a net margin of 6.91% and a return on equity of 23.89%. The company had revenue of $617.10 million for the quarter, compared to analysts’ expectations of $625.62 million. During the same quarter in the previous year, the company earned $0.62 earnings per share. Maximus’s quarterly 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 research firms have recently issued reports on MMS. Zacks Investment Research cut shares of Maximus from a “hold” rating to a “sell” rating in a research report on Wednesday, October 5th. Maxim Group raised their price target on shares of Maximus from $71.00 to $74.00 and gave the company a “buy” rating in a research report on Thursday, August 4th. Finally, KeyCorp began coverage on shares of Maximus in a research report on Monday, July 11th. They issued a “buy” rating on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. Maximus has a consensus rating of “Buy” and an average target price of $63.00.
In related news, President Bruce Caswell sold 30,000 shares of the business’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $58.98, for a total transaction of $1,769,400.00. Following the transaction, the president now owns 39,386 shares in the company, valued at $2,322,986.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Raymond B. Ruddy sold 18,000 shares of the business’s stock in a transaction dated Thursday, July 14th. The shares were sold at an average price of $60.00, for a total transaction of $1,080,000.00. Following the transaction, the director now owns 295,552 shares in the company, valued at approximately $17,733,120. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company’s stock.
Maximus Company Profile
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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