APG Asset Management N.V. purchased a new position in shares of Maximus, Inc. (NYSE:MMS) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 91,500 shares of the health services provider’s stock, valued at approximately $5,902,000. APG Asset Management N.V. owned 0.14% of Maximus at the end of the most recent reporting period.
Several other large investors have also modified their holdings of MMS. State of Tennessee Treasury Department grew its holdings in Maximus by 50.0% during the second quarter. State of Tennessee Treasury Department now owns 60,000 shares of the health services provider’s stock valued at $3,758,000 after purchasing an additional 20,000 shares during the period. Koch Industries Inc. acquired a new position in Maximus during the second quarter valued at approximately $629,000. Mutual of America Capital Management LLC lifted its stake in Maximus by 26.6% in the second quarter. Mutual of America Capital Management LLC now owns 108,053 shares of the health services provider’s stock valued at $6,767,000 after buying an additional 22,713 shares in the last quarter. Virginia Retirement Systems ET AL lifted its stake in Maximus by 3.5% in the second quarter. Virginia Retirement Systems ET AL now owns 46,700 shares of the health services provider’s stock valued at $2,925,000 after buying an additional 1,600 shares in the last quarter. Finally, Van Berkom & Associates Inc. lifted its stake in Maximus by 4.5% in the second quarter. Van Berkom & Associates Inc. now owns 1,150,713 shares of the health services provider’s stock valued at $72,069,000 after buying an additional 49,360 shares in the last quarter. Institutional investors own 97.55% of the company’s stock.
In other Maximus news, Director Raymond B. Ruddy sold 25,000 shares of the stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $65.12, for a total transaction of $1,628,000.00. Following the completion of the sale, the director now owns 226,652 shares of the company’s stock, valued at approximately $14,759,578.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel David Francis sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $65.28, for a total transaction of $195,840.00. The disclosure for this sale can be found here. Insiders sold 137,103 shares of company stock valued at $8,503,210 in the last three months. Company insiders own 3.10% of the company’s stock.
Shares of Maximus, Inc. (MMS) opened at $64.63 on Tuesday. The firm has a market cap of $4,089.63, a PE ratio of 20.29, a P/E/G ratio of 1.99 and a beta of 1.32. Maximus, Inc. has a 52-week low of $51.74 and a 52-week high of $66.96.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th will be issued a $0.045 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.28%. Maximus’s dividend payout ratio (DPR) is currently 5.66%.
A number of research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Maximus from a “hold” rating to a “sell” rating in a research note on Tuesday. Canaccord Genuity cut their price objective on shares of Maximus from $62.00 to $61.00 and set a “hold” rating on the stock in a research report on Friday. Robert W. Baird initiated coverage on shares of Maximus in a research report on Sunday, September 3rd. They issued a “neutral” rating on the stock. Maxim Group set a $66.00 target price on shares of Maximus and gave the stock a “hold” rating in a report on Thursday, August 3rd. Finally, BidaskClub downgraded shares of Maximus from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $63.00.
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MAXIMUS, Inc provides business process services (BPS) to government health and human services agencies. The Company operates through three segments: U.S. Federal Services, Health Services and Human Services. The U.S. Federal Services segment provides BPS and program management for large government programs, independent health review and appeals services for both the United States Federal Government, and state-based programs and technology solutions for civilian federal programs.
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