Short Interest in MAXIMUS, Inc. (NYSE:MMS) Decreases By 9.6%


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MAXIMUS, Inc. (NYSE:MMS) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totalling 1,230,000 shares, a decrease of 9.6% from the August 31st total of 1,360,000 shares. Based on an average daily volume of 327,200 shares, the short-interest ratio is presently 3.8 days. Currently, 2.0% of the shares of the stock are sold short.

In other news, General Counsel David Francis sold 6,246 shares of the company’s stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $68.41, for a total value of $427,288.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Bruce Caswell sold 23,303 shares of the company’s stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $68.41, for a total value of $1,594,158.23. The disclosure for this sale can be found here. Over the last quarter, insiders sold 70,445 shares of company stock worth $4,927,372. Corporate insiders own 2.00% of the company’s stock.

Large investors have recently bought and sold shares of the business. Signaturefd LLC lifted its holdings in MAXIMUS by 237.0% during the 2nd quarter. Signaturefd LLC now owns 1,112 shares of the health services provider’s stock worth $78,000 after buying an additional 782 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of MAXIMUS during the 2nd quarter valued at $92,000. Parallel Advisors LLC raised its position in shares of MAXIMUS by 36.3% during the 2nd quarter. Parallel Advisors LLC now owns 1,508 shares of the health services provider’s stock valued at $106,000 after acquiring an additional 402 shares during the last quarter. Advisor Group Holdings Inc. bought a new stake in shares of MAXIMUS during the 1st quarter valued at $160,000. Finally, Value Holdings Management CO. LLC bought a new stake in shares of MAXIMUS during the 1st quarter valued at $174,000. 94.19% of the stock is currently owned by hedge funds and other institutional investors. (adsbygoogle = window.adsbygoogle || []).push({});

Several research analysts have recently commented on the company. TheStreet raised MAXIMUS from a « c+ » rating to a « b- » rating in a report on Tuesday, July 28th. Raymond James raised MAXIMUS from a « market perform » rating to a « strong-buy » rating and set a $90.00 target price on the stock in a report on Wednesday, July 8th. Finally, KeyCorp boosted their target price on MAXIMUS from $80.00 to $84.00 and gave the stock an « overweight » rating in a report on Friday, August 7th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of « Buy » and a consensus target price of $83.50.

NYSE:MMS opened at $67.84 on Monday. The stock’s fifty day moving average price is $73.78 and its two-hundred day moving average price is $69.09. MAXIMUS has a 52-week low of $46.42 and a 52-week high of $80.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.95 and a current ratio of 1.95. The company has a market cap of $4.22 billion, a price-to-earnings ratio of 20.50 and a beta of 0.93.

MAXIMUS (NYSE:MMS) last posted its quarterly earnings data on Thursday, August 6th. The health services provider reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.26. MAXIMUS had a return on equity of 17.29% and a net margin of 6.41%. The firm had revenue of $901.34 million for the quarter, compared to the consensus estimate of $801.31 million. During the same quarter in the prior year, the business earned $0.97 EPS. The business’s revenue for the quarter was up 23.4% compared to the same quarter last year. On average, equities analysts predict that MAXIMUS will post 3.27 EPS for the current fiscal year.

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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