Principal Financial Group Inc. Buys 13,837 Shares of Maximus, Inc. (NYSE:MMS)

Principal Financial Group Inc. lifted its stake in shares of Maximus, Inc. (NYSE:MMSGet Rating) by 6.0% in the second quarter, HoldingsChannel reports. The fund owned 244,633 shares of the health services provider’s stock after acquiring an additional 13,837 shares during the period. Principal Financial Group Inc.’s holdings in Maximus were worth $15,292,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Larson Financial Group LLC lifted its holdings in Maximus by 11.4% in the 2nd quarter. Larson Financial Group LLC now owns 1,636 shares of the health services provider’s stock worth $102,000 after purchasing an additional 168 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Maximus by 4.5% in the 1st quarter. Cetera Investment Advisers now owns 4,253 shares of the health services provider’s stock worth $319,000 after purchasing an additional 184 shares in the last quarter. Arizona State Retirement System lifted its holdings in Maximus by 1.2% in the 1st quarter. Arizona State Retirement System now owns 16,747 shares of the health services provider’s stock worth $1,255,000 after purchasing an additional 202 shares in the last quarter. Keybank National Association OH lifted its holdings in Maximus by 3.0% in the 2nd quarter. Keybank National Association OH now owns 7,745 shares of the health services provider’s stock worth $484,000 after purchasing an additional 224 shares in the last quarter. Finally, Formidable Asset Management LLC lifted its holdings in Maximus by 5.4% in the 1st quarter. Formidable Asset Management LLC now owns 4,540 shares of the health services provider’s stock worth $340,000 after purchasing an additional 233 shares in the last quarter. 95.30% of the stock is currently owned by institutional investors.

Insider Transactions at Maximus

In other news, insider Teresa Weipert sold 1,492 shares of the company’s stock in a transaction that occurred on Friday, September 30th. The stock was sold at an average price of $57.87, for a total transaction of $86,342.04. Following the sale, the insider now directly owns 2,146 shares of the company’s stock, valued at approximately $124,189.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Bruce Caswell sold 24,843 shares of the stock in a transaction on Friday, September 30th. The stock was sold at an average price of $57.87, for a total transaction of $1,437,664.41. Following the sale, the chief executive officer now owns 207,343 shares in the company, valued at approximately $11,998,939.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Teresa Weipert sold 1,492 shares of the stock in a transaction on Friday, September 30th. The shares were sold at an average price of $57.87, for a total value of $86,342.04. Following the sale, the insider now owns 2,146 shares in the company, valued at approximately $124,189.02. The disclosure for this sale can be found here. Insiders have sold 36,654 shares of company stock valued at $2,144,657 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Maximus in a report on Wednesday, October 12th. They issued a “hold” rating on the stock.

Maximus Stock Down 0.3 %

Shares of MMS opened at $70.15 on Thursday. The stock has a market capitalization of $4.31 billion, a price-to-earnings ratio of 21.32 and a beta of 0.71. Maximus, Inc. has a 1 year low of $54.46 and a 1 year high of $81.98. The business’s 50 day simple moving average is $59.46 and its 200-day simple moving average is $61.82. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.47 and a quick ratio of 1.47.

Maximus Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Tuesday, November 15th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, November 14th. This represents a $1.12 annualized dividend and a dividend yield of 1.60%. Maximus’s dividend payout ratio (DPR) is 34.04%.

Maximus Company Profile

(Get Rating)

Maximus, Inc provides business process services (BPS) to government health and human services programs. It operates through three segments: U.S. Services, U.S. Federal Services, and Outside the U.S. The U.S. Services segment offers various BPS solutions, such as program administration, appeals and assessments, and related consulting works for U.S.

See Also

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:MMSGet Rating).

Institutional Ownership by Quarter for Maximus (NYSE:MMS)

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