Comerica Bank Has $5.24 Million Stake in Maximus, Inc. (MMS)
Comerica Bank cut its position in Maximus, Inc. (NYSE:MMS) by 1.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 80,554 shares of the health services provider’s stock after selling 1,294 shares during the quarter. Comerica Bank owned 0.12% of Maximus worth $5,237,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in MMS. Acrospire Investment Management LLC boosted its stake in shares of Maximus by 17.6% in the second quarter. Acrospire Investment Management LLC now owns 2,000 shares of the health services provider’s stock valued at $125,000 after purchasing an additional 300 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Maximus by 10.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,367 shares of the health services provider’s stock valued at $148,000 after purchasing an additional 220 shares during the period. First Bank & Trust boosted its stake in shares of Maximus by 4.2% in the second quarter. First Bank & Trust now owns 2,507 shares of the health services provider’s stock valued at $157,000 after purchasing an additional 101 shares during the period. Intl Fcstone Inc. purchased a new position in shares of Maximus in the second quarter valued at $201,000. Finally, GW Henssler & Associates Ltd. purchased a new position in shares of Maximus in the second quarter valued at $205,000. Institutional investors and hedge funds own 94.94% of the company’s stock.
In other Maximus news, President Bruce Caswell sold 8,000 shares of the stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $60.23, for a total transaction of $481,840.00. Following the sale, the president now directly owns 35,904 shares of the company’s stock, valued at $2,162,497.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Raymond B. Ruddy sold 25,000 shares of the stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $65.12, for a total transaction of $1,628,000.00. Following the sale, the director now directly owns 226,652 shares in the company, valued at $14,759,578.24. The disclosure for this sale can be found here. Insiders have sold 75,773 shares of company stock worth $4,814,579 over the last three months. 3.10% of the stock is owned by corporate insiders.
Several research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Maximus from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Robert W. Baird reiterated a “hold” rating and set a $64.00 price objective on shares of Maximus in a research note on Friday, September 1st. Maxim Group set a $66.00 price objective on shares of Maximus and gave the company a “hold” rating in a research note on Thursday, August 3rd. Finally, Canaccord Genuity reduced their price objective on shares of Maximus from $62.00 to $61.00 and set a “hold” rating on the stock in a research note on Friday, November 10th. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. Maximus presently has a consensus rating of “Hold” and a consensus price target of $64.33.
Shares of Maximus, Inc. (NYSE:MMS) opened at $67.41 on Wednesday. The firm has a market cap of $4,323.11, a price-to-earnings ratio of 21.34, a price-to-earnings-growth ratio of 2.49 and a beta of 1.32. Maximus, Inc. has a twelve month low of $51.74 and a twelve month high of $67.42.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th will be issued a dividend of $0.045 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.27%. Maximus’s dividend payout ratio (DPR) is 5.66%.
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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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