Exclusive: What’s Ahead for MAXIMUS, Inc. After Today’s Big Increase?

Exclusive: What's Ahead for MAXIMUS, Inc. After Today's Big Increase?

The stock of MAXIMUS, Inc. (NYSE:MMS) is a huge mover today! About 1.61 million shares traded hands or 302.06% up from the average. MAXIMUS, Inc. (NYSE:MMS) has declined 4.58% since April 8, 2016 and is downtrending. It has underperformed by 10.22% the S&P500.
The move comes after 5 months positive chart setup for the $2.66B company. It was reported on Nov, 10 by Barchart.com. We have $81.03 PT which if reached, will make NYSE:MMS worth $1.70B more.

MAXIMUS, Inc. (NYSE:MMS) Ratings Coverage

Out of 6 analysts covering MAXIMUS (NYSE:MMS), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. MAXIMUS has been the topic of 14 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was downgraded by Raymond James to “Mkt Perform” on Wednesday, November 9. Maxim Group maintained the shares of MMS in a report on Thursday, August 6 with “Buy” rating. Jefferies maintained it with “Buy” rating and $67 target price in Tuesday, May 31 report. The firm has “Buy” rating by Stifel Nicolaus given on Friday, December 4. As per Wednesday, September 16, the company rating was initiated by Canaccord Genuity. The rating was downgraded by Sidoti to “Neutral” on Friday, August 7. Maxim Group maintained MAXIMUS, Inc. (NYSE:MMS) on Thursday, February 4 with “Buy” rating. The stock has “Buy” rating given by Maxim Group on Thursday, November 12. The firm has “Buy” rating by Canaccord Genuity given on Tuesday, March 8. The firm has “Buy” rating given on Thursday, August 20 by Sidoti.

According to Zacks Investment Research, “MAXIMUS, Inc. is an extremely dynamic and complex organization that offers government and industry a range of unique services, products, and solutions. The diverse services and products that MAXIMUS offers may be categorized into three groups: Government Program Management and Operations, Consulting, and Systems. Government Program Management and Operations focuses on having a measurable impact on the lives of the citizens we help government serve. The insights of MAXIMUS Consulting, and the technological innovations advanced through Systems, help government gain program efficiencies and pursue improvements that in turn benefit citizens.”

Insitutional Activity: The institutional sentiment increased to 1 in Q2 2016. Its up 0.05, from 0.95 in 2016Q1. The ratio increased, as 25 funds sold all MAXIMUS, Inc. shares owned while 85 reduced positions. 22 funds bought stakes while 88 increased positions. They now own 61.27 million shares or 1.18% more from 60.56 million shares in 2016Q1.
Ftb Advsrs accumulated 1,139 shares or 0.01% of the stock. Swiss National Bank holds 0.01% or 108,207 shares in its portfolio. Louisiana State Employees Retirement System owns 17,300 shares or 0.05% of their US portfolio. Smithfield Trust last reported 2,800 shares in the company. Cambiar Invsts Ltd Liability Corp accumulated 0.06% or 71,025 shares. Burney holds 0.03% or 6,680 shares in its portfolio. Blackrock holds 0% of its portfolio in MAXIMUS, Inc. (NYSE:MMS) for 27,252 shares. The New York-based Fred Alger Mgmt Incorporated has invested 0.04% in MAXIMUS, Inc. (NYSE:MMS). First Midwest Commercial Bank Division, a Illinois-based fund reported 19,519 shares. Advisory Services Lc last reported 0.01% of its portfolio in the stock. Dimensional Fund Advisors L P has 683,846 shares for 0.02% of their US portfolio. Federated Invsts Pa holds 0% of its portfolio in MAXIMUS, Inc. (NYSE:MMS) for 29,140 shares. Huntington State Bank last reported 3,788 shares in the company. Royal Savings Bank Of Canada holds 0.01% or 334,517 shares in its portfolio. Los Angeles Mgmt Equity Rech accumulated 8,618 shares or 0% of the stock.

Insider Transactions: Since May 17, 2016, the stock had 0 buys, and 14 sales for $7.75 million net activity. On Thursday, July 14 RUDDY RAYMOND B sold $1.08 million worth of the stock or 18,000 shares. Another trade for 560 shares valued at $31,894 was made by WEBB WELLINGTON E on Monday, June 6. Caswell Bruce sold 30,000 shares worth $1.77 million. FRANCIS DAVID sold 1,500 shares worth $85,245. LEDERER PAUL R sold 500 shares worth $29,575. $1.35M worth of shares were sold by MONTONI RICHARD A on Tuesday, May 17. $57,472 worth of MAXIMUS, Inc. (NYSE:MMS) shares were sold by BELIVEAU RUSSELL A.

More recent MAXIMUS, Inc. (NYSE:MMS) news were published by: Nasdaq.com which released: “Ex-Dividend Reminder: Jabil Circuit, Applied Industrial Technologies and MAXIMUS” on November 08, 2016. Also Democratandchronicle.com published the news titled: “Maximus opening Gates call center, 2000 jobs promised” on July 06, 2016. Rttnews.com‘s news article titled: “Maximus Inc Bottom Line Advances 43% In Q4” with publication date: November 10, 2016 was also an interesting one.

MMS Company Profile

MAXIMUS, Inc., incorporated on October 18, 2007, provides business process services (BPS) to Government health and human services agencies. The Firm 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. The Firm provides health and human services to Governments in the United States, Australia, Canada, the United Kingdom and Saudi Arabia. The Company’s divisions include Health Services and Human Services. The Company’s United States federal services business provides various contract vehicles.

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