Maximus, Inc. (NYSE:MMS) Holdings Cut by Pacer Advisors Inc.

Pacer Advisors Inc. decreased its stake in Maximus, Inc. (NYSE:MMS) by 29.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,973 shares of the health services provider’s stock after selling 3,714 shares during the quarter. Pacer Advisors Inc.’s holdings in Maximus were worth $670,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MMS. UMB Bank n.a. raised its holdings in shares of Maximus by 79.8% during the 4th quarter. UMB Bank n.a. now owns 356 shares of the health services provider’s stock valued at $27,000 after purchasing an additional 158 shares in the last quarter. Petrus Trust Company LTA raised its holdings in shares of Maximus by 2.7% during the 3rd quarter. Petrus Trust Company LTA now owns 7,084 shares of the health services provider’s stock valued at $660,000 after purchasing an additional 185 shares in the last quarter. Holocene Advisors LP raised its holdings in shares of Maximus by 6.5% during the 3rd quarter. Holocene Advisors LP now owns 3,927 shares of the health services provider’s stock valued at $366,000 after purchasing an additional 239 shares in the last quarter. V Square Quantitative Management LLC bought a new position in shares of Maximus during the 3rd quarter valued at $25,000. Finally, MML Investors Services LLC raised its holdings in shares of Maximus by 6.5% during the 3rd quarter. MML Investors Services LLC now owns 4,870 shares of the health services provider’s stock valued at $454,000 after purchasing an additional 299 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MMS. Raymond James upgraded shares of Maximus from a “market perform” rating to an “outperform” rating and set a $90.00 target price on the stock in a research note on Thursday, January 2nd. StockNews.com upgraded shares of Maximus from a “hold” rating to a “buy” rating in a research note on Wednesday, January 29th.

Insiders Place Their Bets

In other news, insider Michelle F. Link sold 2,208 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $73.83, for a total transaction of $163,016.64. Following the completion of the transaction, the insider now directly owns 6,567 shares of the company’s stock, valued at approximately $484,841.61. This trade represents a 25.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Raymond B. Ruddy acquired 3,490 shares of Maximus stock in a transaction dated Thursday, December 12th. The shares were acquired at an average cost of $71.46 per share, with a total value of $249,395.40. Following the completion of the acquisition, the director now directly owns 112,520 shares in the company, valued at $8,040,679.20. This trade represents a 3.20 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 7,063 shares of company stock worth $502,017 in the last ninety days. Insiders own 1.60% of the company’s stock.

Maximus Stock Performance

NYSE:MMS opened at $75.88 on Tuesday. Maximus, Inc. has a 1 year low of $69.72 and a 1 year high of $93.97. The firm’s fifty day simple moving average is $74.76 and its 200 day simple moving average is $83.78. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $4.33 billion, a PE ratio of 15.18 and a beta of 0.72.

Maximus Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Saturday, February 15th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.20 annualized dividend and a yield of 1.58%. Maximus’s dividend payout ratio is 24.00%.

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.