Allegis Investment Advisors buys $1,375,615 stake in MAXIMUS (MMS)

MAXIMUS (MMS) : Allegis Investment Advisors scooped up 3,099 additional shares in MAXIMUS during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 23,019 shares of MAXIMUS which is valued at $1,375,615.MAXIMUS makes up approximately 0.66% of Allegis Investment Advisors’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Investment Partners S.a. sold out all of its stake in MMS during the most recent quarter. The investment firm sold 4,552 shares of MMS which is valued $272,028.Oregon Public Employees Retirement Fund boosted its stake in MMS in the latest quarter, The investment management firm added 526 additional shares and now holds a total of 21,971 shares of MAXIMUS which is valued at $1,274,538. MAXIMUS makes up approx 0.03% of Oregon Public Employees Retirement Fund’s portfolio.Bank Of Hawaii boosted its stake in MMS in the latest quarter, The investment management firm added 1,527 additional shares and now holds a total of 18,389 shares of MAXIMUS which is valued at $1,066,746. MAXIMUS makes up approx 0.11% of Bank Of Hawaii’s portfolio.Louisiana State Employees Retirement System reduced its stake in MMS by selling 700 shares or 3.89% in the most recent quarter. The Hedge Fund company now holds 17,300 shares of MMS which is valued at $1,027,447. MAXIMUS makes up approx 0.05% of Louisiana State Employees Retirement System’s portfolio.Pembroke Management Ltd boosted its stake in MMS in the latest quarter, The investment management firm added 92,400 additional shares and now holds a total of 632,618 shares of MAXIMUS which is valued at $37,760,968. MAXIMUS makes up approx 3.53% of Pembroke Management Ltd’s portfolio.

MAXIMUS opened for trading at $59.66 and hit $60.25 on the upside on Monday, eventually ending the session at $60.14, with a gain of 0.70% or 0.42 points. The heightened volatility saw the trading volume jump to 2,10,015 shares. Company has a market cap of $3,903 M.

On the company’s financial health, MAXIMUS reported $0.79 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.70. The company had revenue of $617.09 million for the quarter, compared to analysts expectations of $625.08 million. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS.

Many Wall Street Analysts have commented on MAXIMUS. Company shares were Reiterated by Maxim Group on Aug 4, 2016 to “Buy”, Firm has raised the Price Target to $ 74 from a previous price target of $71 .KeyBanc Capital Mkts Initiated MAXIMUS on Jul 11, 2016 to “Overweight”, Price Target of the shares are set at $63.

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. It provides health and human services to Governments in the United States Australia Canada the United Kingdom and Saudi Arabia. The Company’s United States federal services business provides various contract vehicles. The Company’s Health Services segment provides a range of business process services as well as related consulting services for state provincial and federal Government programs. The Company’s Human Services segment provides federal national state and county human services agencies with a range of business process services as well as related consulting services.

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