Stone Ridge Asset Management LLC Raises Position in MAXIMUS, Inc. (MMS)
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.
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%.
TRADEMARK VIOLATION NOTICE: This story was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another website, it was illegally stolen and republished in violation of U.S. and international copyright & trademark legislation. The original version of this story can be viewed at https://www.thecerbatgem.com/2018/11/13/stone-ridge-asset-management-llc-raises-position-in-maximus-inc-mms.html.
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.
See Also: What is the yield curve?
Want to see what other hedge funds are holding MMS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MAXIMUS, Inc. (NYSE:MMS).
Receive News & Ratings for MAXIMUS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MAXIMUS and related companies with MarketBeat.com's FREE daily email newsletter.