First Citizens Bank & Trust Co. purchased a new position in shares of MAXIMUS, Inc. (NYSE:MMS) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,538 shares of the health services provider’s stock, valued at approximately $325,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in MMS. Janus Henderson Group PLC raised its position in shares of MAXIMUS by 718.8% during the second quarter. Janus Henderson Group PLC now owns 2,211,638 shares of the health services provider’s stock worth $138,515,000 after purchasing an additional 1,941,521 shares during the period. Koch Industries Inc. bought a new position in shares of MAXIMUS during the second quarter worth about $629,000. FMR LLC grew its holdings in shares of MAXIMUS by 10.4% during the second quarter. FMR LLC now owns 4,658,584 shares of the health services provider’s stock worth $291,767,000 after buying an additional 438,025 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of MAXIMUS by 13.3% during the third quarter. Victory Capital Management Inc. now owns 3,514,228 shares of the health services provider’s stock worth $226,667,000 after buying an additional 413,325 shares in the last quarter. Finally, Trilogy Global Advisors LP bought a new position in shares of MAXIMUS during the second quarter worth about $17,325,000. 94.79% of the stock is currently owned by institutional investors.
MAXIMUS, Inc. (NYSE:MMS) opened at $71.89 on Friday. The stock has a market capitalization of $4,680.00, a PE ratio of 22.68, a P/E/G ratio of 2.70 and a beta of 1.34. MAXIMUS, Inc. has a fifty-two week low of $51.74 and a fifty-two week high of $72.71.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Thursday, February 15th will be issued a dividend of $0.045 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.25%. MAXIMUS’s payout ratio is presently 5.68%.
A number of research analysts recently issued reports on the company. Canaccord Genuity reiterated a “buy” rating on shares of MAXIMUS in a report on Wednesday, December 27th. Zacks Investment Research upgraded MAXIMUS from a “hold” rating to a “buy” rating and set a $73.00 price objective for the company in a report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. MAXIMUS currently has an average rating of “Hold” and an average price target of $64.33.
In other MAXIMUS news, Director Russell A. Beliveau sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $64.30, for a total value of $96,450.00. Following the completion of the transaction, the director now directly owns 40,329 shares in the company, valued at $2,593,154.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Mark Andrekovich sold 5,594 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $67.23, for a total value of $376,084.62. Following the completion of the transaction, the insider now owns 27,996 shares of the company’s stock, valued at $1,882,171.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 71,417 shares of company stock valued at $4,902,785. 3.10% of the stock is owned by corporate insiders.
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MAXIMUS, Inc provides business process services (BPS) to government health and human services agencies. The Company operates through three segments: U.S. Federal Services, Health Services and Human Services. The U.S. Federal Services segment provides BPS and program management for large government programs, independent health review and appeals services for both the United States Federal Government, and state-based programs and technology solutions for civilian federal programs.
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