MAXIMUS, Inc. (NYSE:MMS) shareholders have witnessed a decrease in enthusiasm from smart money lately.
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Now, we’re going to take a gander at the recent action regarding MAXIMUS, Inc. (NYSE:MMS).
Hedge fund activity in MAXIMUS, Inc. (NYSE:MMS)
At Q1’s end, a total of 13 of the hedge funds we track held long positions in this stock, a change of -7% from one quarter earlier. With the smart money’s capital changing hands, there exists an “upper tier” of notable hedge fund managers who were boosting their holdings substantially.
When looking at the hedgies we track, Jim Simons’s Renaissance Technologies had the largest position in MAXIMUS, Inc. (NYSE:MMS), worth close to $84.7 million, comprising 0.2% of its total 13F portfolio. Coming in second is Mariko Gordon of Daruma Asset Management, with a $71.5 million position; 3.6% of its 13F portfolio is allocated to the company. Some other hedgies with similar optimism include Chuck Royce’s Royce & Associates, Ken Griffin’s Citadel Investment Group and Jeffrey Vinik’s Vinik Asset Management.
Because MAXIMUS, Inc. (NYSE:MMS) has faced a declination in interest from the aggregate hedge fund industry, we can see that there lies a certain “tier” of hedgies that slashed their entire stakes heading into Q2. At the top of the heap, Matthew Tewksbury’s Stevens Capital Management cut the biggest position of all the hedgies we monitor, totaling close to $0.7 million in stock., and Matthew Hulsizer of PEAK6 Capital Management was right behind this move, as the fund cut about $0 million worth. These transactions are important to note, as total hedge fund interest fell by 1 funds heading into Q2.
What have insiders been doing with MAXIMUS, Inc. (NYSE:MMS)?
Insider trading activity, especially when it’s bullish, is best served when the company in question has experienced transactions within the past 180 days. Over the latest six-month time frame, MAXIMUS, Inc. (NYSE:MMS) has experienced zero unique insiders purchasing, and 11 insider sales (see the details of insider trades here).
Let’s go over hedge fund and insider activity in other stocks similar to MAXIMUS, Inc. (NYSE:MMS). These stocks are Lender Processing Services, Inc. (NYSE:LPS), RR Donnelley & Sons Co (NASDAQ:RRD), Ritchie Bros. Auctioneers (USA) (NYSE:RBA), HMS Holdings Corp. (NASDAQ:HMSY), and WEX Inc (NYSE:WXS). This group of stocks are in the business services industry and their market caps are closest to MMS’s market cap.