First Trust Advisors LP trimmed its holdings in Maximus, Inc. (NYSE:MMS) by 3.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,588 shares of the health services provider’s stock after selling 898 shares during the period. First Trust Advisors LP’s holdings in Maximus were worth $1,844,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Teacher Retirement System of Texas boosted its position in shares of Maximus by 0.3% during the second quarter. Teacher Retirement System of Texas now owns 5,174 shares of the health services provider’s stock worth $324,000 after buying an additional 14 shares during the period. Alps Advisors Inc. boosted its position in shares of Maximus by 0.3% during the second quarter. Alps Advisors Inc. now owns 7,807 shares of the health services provider’s stock worth $489,000 after buying an additional 20 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its position in shares of Maximus by 0.3% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 11,206 shares of the health services provider’s stock worth $620,000 after buying an additional 36 shares during the period. Bbva Compass Bancshares Inc. boosted its position in shares of Maximus by 0.9% during the second quarter. Bbva Compass Bancshares Inc. now owns 4,084 shares of the health services provider’s stock worth $256,000 after buying an additional 38 shares during the period. Finally, Stephens Inc. AR boosted its position in shares of Maximus by 0.9% during the second quarter. Stephens Inc. AR now owns 6,638 shares of the health services provider’s stock worth $416,000 after buying an additional 61 shares during the period. 95.22% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Mark Andrekovich sold 5,594 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $67.23, for a total transaction of $376,084.62. Following the sale, the insider now owns 27,996 shares in the company, valued at $1,882,171.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Bruce Caswell sold 8,000 shares of the company’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $60.23, for a total value of $481,840.00. Following the sale, the president now owns 35,904 shares in the company, valued at approximately $2,162,497.92. The disclosure for this sale can be found here. Insiders have sold 81,367 shares of company stock worth $5,190,663 in the last quarter. 3.10% of the stock is currently owned by corporate insiders.

Several research analysts have recently weighed in on MMS shares. Zacks Investment Research cut Maximus from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Robert W. Baird reaffirmed a “hold” rating and set a $64.00 price objective on shares of Maximus in a research report on Friday, September 1st. Canaccord Genuity reduced their price objective on Maximus from $62.00 to $61.00 and set a “hold” rating for the company in a research report on Friday, November 10th. Finally, Maxim Group set a $66.00 price objective on Maximus and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $64.33.

Maximus, Inc. (NYSE:MMS) traded up $0.17 on Tuesday, reaching $66.97. The company had a trading volume of 222,800 shares, compared to its average volume of 358,555. Maximus, Inc. has a fifty-two week low of $51.74 and a fifty-two week high of $67.89. The company has a market capitalization of $4,351.12, a price-to-earnings ratio of 21.48, a PEG ratio of 2.51 and a beta of 1.32.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors 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 annualized dividend and a yield of 0.27%. Maximus’s payout ratio is presently 5.66%.

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About Maximus

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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Institutional Ownership by Quarter for Maximus (NYSE:MMS)

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