Maximus, Inc. $MMS Shares Bought by Savant Capital LLC

Savant Capital LLC boosted its holdings in Maximus, Inc. (NYSE:MMS) by 84.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,055 shares of the health services provider’s stock after acquiring an additional 4,594 shares during the period. Savant Capital LLC’s holdings in Maximus were worth $706,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in MMS. Bank of New York Mellon Corp lifted its stake in shares of Maximus by 1.6% during the second quarter. Bank of New York Mellon Corp now owns 549,369 shares of the health services provider’s stock valued at $38,566,000 after buying an additional 8,434 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Maximus during the 1st quarter worth approximately $2,115,000. AlphaQuest LLC raised its stake in shares of Maximus by 142.0% in the 2nd quarter. AlphaQuest LLC now owns 8,663 shares of the health services provider’s stock valued at $608,000 after acquiring an additional 5,083 shares during the period. Nordea Investment Management AB grew its stake in shares of Maximus by 0.6% in the second quarter. Nordea Investment Management AB now owns 64,829 shares of the health services provider’s stock valued at $4,542,000 after buying an additional 382 shares in the last quarter. Finally, Keeler Thomas Management LLC purchased a new stake in shares of Maximus during the second quarter valued at approximately $1,179,000. 97.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Maximus

In other news, insider Michelle F. Link sold 1,610 shares of Maximus stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $90.86, for a total transaction of $146,284.60. Following the sale, the insider directly owned 13,508 shares in the company, valued at approximately $1,227,336.88. The trade was a 10.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.

Maximus Stock Performance

Shares of NYSE MMS opened at $79.72 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.27 and a quick ratio of 2.27. The company has a market capitalization of $4.49 billion, a P/E ratio of 14.68 and a beta of 0.57. The business’s 50-day moving average price is $86.67 and its two-hundred day moving average price is $79.00. Maximus, Inc. has a one year low of $63.77 and a one year high of $92.50.

Maximus Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.5%. Maximus’s dividend payout ratio is currently 22.10%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MMS. Weiss Ratings raised shares of Maximus from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Zacks Research lowered shares of Maximus from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $90.00.

Maximus Profile

Maximus, Inc operates as a provider of government services in the United States and internationally. It operates through three segments: U.S. Federal Services, U.S. Services, and Outside the U.S. The U.S. Services segment offers program eligibility support and enrollment; centralized multilingual customer contact centers, multichannel, and digital self-service options for enrollment; application assistance and independent health plan choice counseling; beneficiary outreach, education, eligibility, enrollment, and redeterminations; and person-centered independent disability, long-term sick, and other health assessments.