William Blair Investment Management buys $222,254,253 stake in MAXIMUS (MMS)

MAXIMUS (MMS) : William Blair Investment Management scooped up 161,213 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 3,719,114 shares of MAXIMUS which is valued at $222,254,253.MAXIMUS makes up approximately 0.82% of William Blair Investment Management’s portfolio.

Other Hedge Funds, Including , Blair William Coil boosted its stake in MMS in the latest quarter, The investment management firm added 570 additional shares and now holds a total of 5,740 shares of MAXIMUS which is valued at $343,022.Retirement Systems Of Alabama boosted its stake in MMS in the latest quarter, The investment management firm added 37 additional shares and now holds a total of 83,715 shares of MAXIMUS which is valued at $4,971,834. MAXIMUS makes up approx 0.03% of Retirement Systems Of Alabama’s portfolio.Verus Financial Partners reduced its stake in MMS by selling 537 shares or 4.47% in the most recent quarter. The Hedge Fund company now holds 11,488 shares of MMS which is valued at $664,811. MAXIMUS makes up approx 0.29% of Verus Financial Partners’s portfolio.Cutler Group Lp boosted its stake in MMS in the latest quarter, The investment management firm added 8,042 additional shares and now holds a total of 9,000 shares of MAXIMUS which is valued at $533,790. MAXIMUS makes up approx 0.04% of Cutler Group Lp’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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