Stone Ridge Asset Management LLC raised its holdings in shares of MAXIMUS, Inc. (NYSE:MMS) by 14.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,933 shares of the health services provider’s stock after buying an additional 4,252 shares during the period. Stone Ridge Asset Management LLC’s holdings in MAXIMUS were worth $2,143,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. BlackRock Inc. boosted its stake in shares of MAXIMUS by 6.5% during the 2nd quarter. BlackRock Inc. now owns 7,298,102 shares of the health services provider’s stock valued at $453,284,000 after buying an additional 445,353 shares during the period. Victory Capital Management Inc. boosted its stake in shares of MAXIMUS by 7.8% during the 3rd quarter. Victory Capital Management Inc. now owns 3,960,599 shares of the health services provider’s stock valued at $257,677,000 after buying an additional 286,792 shares during the period. Van Berkom & Associates Inc. boosted its stake in shares of MAXIMUS by 14.5% during the 2nd quarter. Van Berkom & Associates Inc. now owns 1,375,401 shares of the health services provider’s stock valued at $85,426,000 after buying an additional 174,578 shares during the period. Northern Trust Corp boosted its stake in shares of MAXIMUS by 1.8% during the 2nd quarter. Northern Trust Corp now owns 1,123,555 shares of the health services provider’s stock valued at $69,785,000 after buying an additional 20,408 shares during the period. Finally, Thompson Siegel & Walmsley LLC boosted its stake in shares of MAXIMUS by 54.5% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 979,701 shares of the health services provider’s stock valued at $60,849,000 after buying an additional 345,555 shares during the period. Hedge funds and other institutional investors own 93.44% of the company’s stock.

A number of equities research analysts have issued reports on the stock. Canaccord Genuity lifted their target price on shares of MAXIMUS from $64.00 to $67.00 and gave the company a “hold” rating in a research note on Wednesday, October 10th. Zacks Investment Research upgraded shares of MAXIMUS from a “sell” rating to a “hold” rating in a report on Tuesday, August 14th.

In other news, General Counsel David Francis sold 6,220 shares of the firm’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $63.86, for a total transaction of $397,209.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Vice Chairman Richard A. Montoni sold 44,002 shares of the firm’s stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $64.99, for a total transaction of $2,859,689.98. Following the transaction, the insider now owns 493,476 shares in the company, valued at approximately $32,071,005.24. The disclosure for this sale can be found here. Insiders have sold a total of 66,222 shares of company stock worth $4,307,909 in the last 90 days. 2.48% of the stock is owned by insiders.

MAXIMUS stock opened at $66.76 on Tuesday. The firm has a market cap of $4.32 billion, a PE ratio of 22.03, a price-to-earnings-growth ratio of 2.47 and a beta of 0.97. MAXIMUS, Inc. has a 1-year low of $60.27 and a 1-year high of $72.71.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Thursday, November 15th will be issued a dividend of $0.25 per share. The ex-dividend date is Wednesday, November 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.50%. This is an increase from MAXIMUS’s previous quarterly dividend of $0.05. MAXIMUS’s dividend payout ratio (DPR) is currently 5.94%.

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MAXIMUS Company Profile

MAXIMUS, Inc provides business process services (BPS) to government health and human services programs in the United States, the United Kingdom, Australia, Canada, Singapore, and Saudi Arabia. The company's Health Services segment offers various BPS, appeals, and assessments, as well as related consulting services for state, provincial, and national government programs comprising Medicaid, Children's Health Insurance Program, the Affordable Care Act, Health Insurance British Columbia, the Health Assessment Advisory Service, and Preadmission Screening and Resident Reviews.

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Institutional Ownership by Quarter for MAXIMUS (NYSE:MMS)

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