Maximus, Inc. (MMS) Position Held by Washington Capital Management Inc.

Washington Capital Management Inc. held its stake in Maximus, Inc. (NYSE:MMS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,530 shares of the health services provider’s stock at the end of the second quarter. Washington Capital Management Inc.’s holdings in Maximus were worth $409,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Texas Permanent School Fund raised its stake in Maximus by 0.9% in the second quarter. Texas Permanent School Fund now owns 47,327 shares of the health services provider’s stock worth $2,964,000 after buying an additional 401 shares during the period. World Asset Management Inc raised its position in shares of Maximus by 3.6% in the second quarter. World Asset Management Inc now owns 4,121 shares of the health services provider’s stock worth $258,000 after buying an additional 145 shares during the period. Moody Aldrich Partners LLC raised its position in shares of Maximus by 31.3% in the second quarter. Moody Aldrich Partners LLC now owns 15,015 shares of the health services provider’s stock worth $940,000 after buying an additional 3,580 shares during the period. Bessemer Group Inc. raised its position in shares of Maximus by 11,188.1% in the second quarter. Bessemer Group Inc. now owns 11,401 shares of the health services provider’s stock worth $714,000 after buying an additional 11,300 shares during the period. Finally, Cambiar Investors LLC raised its position in shares of Maximus by 4.7% in the second quarter. Cambiar Investors LLC now owns 61,563 shares of the health services provider’s stock worth $3,856,000 after buying an additional 2,756 shares during the period. 97.20% of the stock is currently owned by institutional investors.

Shares of Maximus, Inc. (NYSE:MMS) opened at 59.30 on Friday. The stock’s 50 day moving average is $60.78 and its 200 day moving average is $61.00. The firm has a market capitalization of $3.85 billion, a P/E ratio of 19.01 and a beta of 1.39. Maximus, Inc. has a 1-year low of $43.69 and a 1-year high of $64.97.

Maximus (NYSE:MMS) last announced its quarterly earnings results on Thursday, August 3rd. The health services provider reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.03. Maximus had a net margin of 8.43% and a return on equity of 25.08%. The company had revenue of $600.40 million during the quarter, compared to the consensus estimate of $614.12 million. During the same quarter in the previous year, the company posted $0.79 earnings per share. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. Equities analysts predict that Maximus, Inc. will post $3.12 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be issued a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a dividend yield of 0.30%. The ex-dividend date is Friday, August 11th. Maximus’s dividend payout ratio (DPR) is 5.73%.

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A number of brokerages have recently commented on MMS. BidaskClub lowered shares of Maximus from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Maxim Group set a $66.00 price objective on shares of Maximus and gave the company a “hold” rating in a research note on Thursday, August 3rd. ValuEngine downgraded shares of Maximus from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. KeyCorp reiterated a “sector weight” rating on shares of Maximus in a research note on Thursday, May 25th. Finally, Zacks Investment Research upgraded shares of Maximus from a “sell” rating to a “hold” rating in a research note on Wednesday, July 26th. One analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $62.17.

In related news, President Bruce Caswell sold 8,000 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $62.76, for a total value of $502,080.00. Following the completion of the sale, the president now owns 35,904 shares of the company’s stock, valued at $2,253,335.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel David Francis sold 1,000 shares of the company’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $62.70, for a total transaction of $62,700.00. Following the completion of the sale, the general counsel now directly owns 17,715 shares of the company’s stock, valued at approximately $1,110,730.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 154,342 shares of company stock valued at $9,516,217. Corporate insiders own 3.10% of the company’s stock.

About Maximus

MAXIMUS, Inc provides business process services (BPS) to government health and human services agencies. The Company operates through three segments: U.S. Federal Services, Health Services and Human Services. The U.S. Federal Services segment provides BPS and program management for large government programs, independent health review and appeals services for both the United States Federal Government, and state-based programs and technology solutions for civilian federal programs.

Institutional Ownership by Quarter for Maximus (NYSE:MMS)

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