AGF Management Ltd. Purchases 1,439 Shares of Maximus, Inc. (NYSE:MMS)

AGF Management Ltd. raised its holdings in shares of Maximus, Inc. (NYSE:MMSFree 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 %

Shares of MMS opened at $78.83 on Thursday. The firm has a market capitalization of $4.79 billion, a price-to-earnings ratio of 28.15 and a beta of 0.73. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.46 and a quick ratio of 1.46. Maximus, Inc. has a 1-year low of $59.73 and a 1-year high of $89.69. The company has a 50-day moving average of $76.54 and a 200 day moving average of $80.48.

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.

View Our Latest Report on Maximus

Maximus Profile

(Free Report)

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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Institutional Ownership by Quarter for Maximus (NYSE:MMS)

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