Nordea Investment Management AB Takes Position in Maximus, Inc. (NYSE:MMS)

Nordea Investment Management AB purchased a new stake in Maximus, Inc. (NYSE:MMS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 61,579 shares of the health services provider’s stock, valued at approximately $4,618,000. Nordea Investment Management AB owned about 0.10% of Maximus as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Arizona State Retirement System increased its stake in shares of Maximus by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 17,086 shares of the health services provider’s stock valued at $1,464,000 after purchasing an additional 322 shares in the last quarter. Texas Permanent School Fund Corp increased its position in shares of Maximus by 19.7% in the second quarter. Texas Permanent School Fund Corp now owns 63,946 shares of the health services provider’s stock valued at $5,480,000 after buying an additional 10,532 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Maximus by 7.9% during the 2nd quarter. American Century Companies Inc. now owns 14,986 shares of the health services provider’s stock worth $1,284,000 after buying an additional 1,093 shares during the period. Cornercap Investment Counsel Inc. lifted its position in shares of Maximus by 3.6% during the 2nd quarter. Cornercap Investment Counsel Inc. now owns 13,489 shares of the health services provider’s stock valued at $1,156,000 after buying an additional 468 shares in the last quarter. Finally, GHP Investment Advisors Inc. lifted its position in shares of Maximus by 5.5% during the 2nd quarter. GHP Investment Advisors Inc. now owns 30,708 shares of the health services provider’s stock valued at $2,632,000 after buying an additional 1,600 shares in the last quarter. 97.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on MMS. StockNews.com cut shares of Maximus from a “buy” rating to a “hold” rating in a research report on Friday, December 27th. Raymond James upgraded shares of Maximus from a “market perform” rating to an “outperform” rating and set a $90.00 price target for the company in a research report on Thursday, January 2nd.

Maximus Stock Performance

Shares of NYSE:MMS opened at $76.95 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.49 and a quick ratio of 1.49. Maximus, Inc. has a 1 year low of $69.72 and a 1 year high of $93.97. The firm has a market capitalization of $4.64 billion, a PE ratio of 15.39 and a beta of 0.73. The business’s 50 day moving average price is $76.98 and its 200-day moving average price is $84.99.

Maximus Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Saturday, February 15th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Friday, February 14th. Maximus’s payout ratio is 24.00%.

Insider Activity

In other news, CEO Bruce Caswell acquired 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was purchased at an average price of $70.64 per share, with a total value of $247,240.00. Following the completion of the acquisition, the chief executive officer now owns 275,929 shares of the company’s stock, valued at $19,491,624.56. This trade represents a 1.28 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michelle F. Link sold 2,208 shares of Maximus stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $73.83, for a total transaction of $163,016.64. Following the transaction, the insider now directly owns 6,567 shares in the company, valued at $484,841.61. This trade represents a 25.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders acquired 7,063 shares of company stock worth $502,017 over the last three months. Insiders own 1.40% of the company’s stock.

About Maximus

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.