Strength in IT was largely attributable to the outperformance of MAXIMUS, Inc. (MMS) and SS&C Technologies, Inc. (SSNC), which were also the Fund’s two largest contributors to absolute performance.
Shares of MAXIMUS, Inc. (MMS), a provider of outsourced government health and human services in the U.S., U.K. and Australia, rose in the fourth quarter. Investors were buoyed by management’s roadmap for meaningful earnings acceleration in 2016.They were also pleased with 2015 visibility; MAXIMUS will enter the year with almost 100% of its midpoint revenue guidance in backlog or option renewals. We believe this is a well positioned and well run, strong cash generative company. (Susan Robbins)
From Ron Baron (Trades, Portfolio)’s Baron Growth Fund Q4 2014 Quarterly Report.
