State of Tennessee Treasury Department increased its holdings in MAXIMUS, Inc. (NYSE:MMS) by 23.8% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,251 shares of the health services provider’s stock after buying an additional 9,077 shares during the period. State of Tennessee Treasury Department’s holdings in MAXIMUS were worth $2,750,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of MMS. Wells Fargo & Company MN increased its stake in MAXIMUS by 12.3% in the first quarter. Wells Fargo & Company MN now owns 801,279 shares of the health services provider’s stock valued at $46,634,000 after acquiring an additional 87,492 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of MAXIMUS by 2.5% during the fourth quarter. Victory Capital Management Inc. now owns 4,275,959 shares of the health services provider’s stock valued at $318,089,000 after buying an additional 102,538 shares during the last quarter. Handelsbanken Fonder AB grew its stake in shares of MAXIMUS by 61.4% during the fourth quarter. Handelsbanken Fonder AB now owns 355,000 shares of the health services provider’s stock valued at $26,408,000 after buying an additional 135,000 shares during the last quarter. Nuveen Asset Management LLC grew its stake in shares of MAXIMUS by 0.8% during the first quarter. Nuveen Asset Management LLC now owns 413,714 shares of the health services provider’s stock valued at $24,078,000 after buying an additional 3,218 shares during the last quarter. Finally, Pictet Asset Management Ltd. grew its stake in shares of MAXIMUS by 104.4% during the fourth quarter. Pictet Asset Management Ltd. now owns 917,013 shares of the health services provider’s stock valued at $68,217,000 after buying an additional 468,326 shares during the last quarter. Institutional investors own 94.71% of the company’s stock.

In other MAXIMUS news, Vice Chairman Richard A. Montoni sold 10,466 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $72.84, for a total value of $762,343.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Richard A. Montoni sold 31,398 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $67.91, for a total transaction of $2,132,238.18. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

MMS has been the topic of a number of recent research reports. KeyCorp raised MAXIMUS from a “sector weight” rating to an “overweight” rating and set a $80.00 price objective on the stock in a research note on Wednesday, June 24th. TheStreet cut MAXIMUS from a “b” rating to a “c+” rating in a research note on Friday, March 13th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $79.25.

NYSE MMS opened at $71.15 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.97 and a quick ratio of 1.97. The stock has a market capitalization of $4.26 billion, a PE ratio of 21.96 and a beta of 0.92. MAXIMUS, Inc. has a 1 year low of $46.42 and a 1 year high of $82.02. The business’s 50-day moving average is $69.80 and its 200 day moving average is $68.35.

MAXIMUS (NYSE:MMS) last posted its earnings results on Thursday, May 7th. The health services provider reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.39). The business had revenue of $818.10 million during the quarter, compared to the consensus estimate of $770.28 million. MAXIMUS had a return on equity of 17.09% and a net margin of 6.71%. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.96 earnings per share. As a group, equities research analysts anticipate that MAXIMUS, Inc. will post 3.02 earnings per share for the current year.

MAXIMUS Company Profile

MAXIMUS, Inc provides business process services (BPS) to government health and human services programs worldwide. The company's Health Services segment offers various BPS, appeals, and assessments for state, provincial, and national government programs, including Medicaid, Children's Health Insurance Program, Affordable Care Act, Health Insurance British Columbia, Health Assessment Advisory Service contract, and Preadmission Screening and Resident Reviews.

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Institutional Ownership by Quarter for MAXIMUS (NYSE:MMS)

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