AGF Management Ltd. raised its holdings in shares of Maximus, Inc. (NYSE:MMS – Free Report) by 3.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,331 shares of the health services provider’s stock after acquiring an additional 1,439 shares during the quarter. AGF Management Ltd. owned approximately 0.07% of Maximus worth $3,662,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the business. Macquarie Group Ltd. purchased a new stake in shares of Maximus during the 1st quarter worth approximately $35,000. Harbor Capital Advisors Inc. bought a new stake in shares of Maximus in the 2nd quarter worth about $46,000. Harvest Fund Management Co. Ltd bought a new position in shares of Maximus in the 1st quarter valued at about $62,000. Resources Management Corp CT ADV grew its position in Maximus by 2,100.0% in the first quarter. Resources Management Corp CT ADV now owns 1,100 shares of the health services provider’s stock worth $228,000 after acquiring an additional 1,050 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC bought a new stake in Maximus during the second quarter worth approximately $104,000. 99.30% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In related news, insider Teresa Weipert sold 1,444 shares of the company’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $74.68, for a total value of $107,837.92. Following the completion of the sale, the insider now directly owns 5,493 shares of the company’s stock, valued at $410,217.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Teresa Weipert sold 1,444 shares of Maximus stock in a transaction on Friday, September 29th. The stock was sold at an average price of $74.68, for a total value of $107,837.92. Following the transaction, the insider now directly owns 5,493 shares in the company, valued at approximately $410,217.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David Mutryn sold 3,886 shares of Maximus stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $74.68, for a total value of $290,206.48. Following the completion of the transaction, the chief financial officer now owns 13,008 shares in the company, valued at approximately $971,437.44. The disclosure for this sale can be found here. Insiders have sold 28,259 shares of company stock worth $2,120,083 in the last ninety days. 1.30% of the stock is owned by company insiders.
Maximus Trading Up 0.1 %
Maximus Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Wednesday, November 15th will be issued a $0.30 dividend. This is a positive change from Maximus’s previous quarterly dividend of $0.28. The ex-dividend date is Tuesday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.52%. Maximus’s payout ratio is presently 40.00%.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on MMS. TheStreet downgraded Maximus from a “b” rating to a “c+” rating in a research report on Tuesday, August 15th. StockNews.com assumed coverage on shares of Maximus in a report on Thursday, October 5th. They set a “hold” rating on the stock. Finally, Stifel Nicolaus assumed coverage on Maximus in a research note on Friday, August 18th. They set a “buy” rating and a $102.00 target price on the stock.
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 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.
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