William Blair Investment Management LLC lifted its stake in shares of MAXIMUS, Inc. (NYSE:MMS) by 6.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,566 shares of the health services provider’s stock after purchasing an additional 921 shares during the quarter. William Blair Investment Management LLC’s holdings in MAXIMUS were worth $948,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. BlackRock Inc. boosted its position in shares of MAXIMUS by 6.5% in the 2nd quarter. BlackRock Inc. now owns 7,298,102 shares of the health services provider’s stock worth $453,284,000 after buying an additional 445,353 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of MAXIMUS by 7.8% in the 3rd quarter. Victory Capital Management Inc. now owns 3,960,599 shares of the health services provider’s stock worth $257,677,000 after buying an additional 286,792 shares in the last quarter. Van Berkom & Associates Inc. boosted its position in shares of MAXIMUS by 2.3% in the 3rd quarter. Van Berkom & Associates Inc. now owns 1,406,804 shares of the health services provider’s stock worth $91,527,000 after buying an additional 31,403 shares in the last quarter. Northern Trust Corp boosted its position in shares of MAXIMUS by 1.8% in the 2nd quarter. Northern Trust Corp now owns 1,123,555 shares of the health services provider’s stock worth $69,785,000 after buying an additional 20,408 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its position in shares of MAXIMUS by 8.2% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,059,800 shares of the health services provider’s stock worth $68,951,000 after buying an additional 80,099 shares in the last quarter. 93.29% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts recently commented on MMS shares. Canaccord Genuity boosted their price objective on shares of MAXIMUS from $64.00 to $67.00 and gave the stock a “hold” rating in a research report on Wednesday, October 10th. Zacks Investment Research upgraded shares of MAXIMUS from a “sell” rating to a “hold” rating in a research report on Tuesday, August 14th. Finally, ValuEngine upgraded shares of MAXIMUS from a “hold” rating to a “buy” rating in a research report on Friday, November 30th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $72.00.
NYSE:MMS opened at $69.86 on Friday. The stock has a market capitalization of $4.51 billion, a price-to-earnings ratio of 21.72, a PEG ratio of 1.92 and a beta of 1.03. MAXIMUS, Inc. has a 12-month low of $60.00 and a 12-month high of $72.71.
MAXIMUS (NYSE:MMS) last released its earnings results on Tuesday, November 20th. The health services provider reported $0.71 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.01). The firm had revenue of $558.50 million during the quarter, compared to analysts’ expectations of $587.58 million. MAXIMUS had a net margin of 9.23% and a return on equity of 20.23%. MAXIMUS’s revenue for the quarter was down 10.0% on a year-over-year basis. During the same quarter last year, the company posted $0.81 earnings per share. As a group, equities research analysts predict that MAXIMUS, Inc. will post 3.66 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Thursday, November 15th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.43%. This is a positive change from MAXIMUS’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Wednesday, November 14th. MAXIMUS’s dividend payout ratio is 29.41%.
In other MAXIMUS news, insider Mark Andrekovich sold 7,795 shares of the company’s stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $70.42, for a total value of $548,923.90. Following the transaction, the insider now directly owns 19,272 shares in the company, valued at approximately $1,357,134.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Vice Chairman Richard A. Montoni sold 30,000 shares of the company’s stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $72.03, for a total transaction of $2,160,900.00. Following the completion of the transaction, the insider now owns 429,874 shares in the company, valued at $30,963,824.22. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 133,124 shares of company stock worth $9,005,450. 3.10% of the stock is owned by insiders.
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MAXIMUS, Inc provides business process services (BPS) to government health and human services programs in the United States, the United Kingdom, Australia, Canada, Singapore, and Saudi Arabia. The company's Health Services segment offers various BPS, appeals, and assessments, as well as related consulting services for state, provincial, and national government programs comprising Medicaid, Children's Health Insurance Program, the Affordable Care Act, Health Insurance British Columbia, the Health Assessment Advisory Service, and Preadmission Screening and Resident Reviews.
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