D.A. Davidson & CO. Raises Stake in Maximus, Inc. (MMS)
D.A. Davidson & CO. lifted its position in shares of Maximus, Inc. (NYSE:MMS) by 3.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 45,396 shares of the health services provider’s stock after purchasing an additional 1,436 shares during the quarter. D.A. Davidson & CO. owned about 0.07% of Maximus worth $2,928,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. State of Tennessee Treasury Department grew its holdings in shares of Maximus by 50.0% during the 2nd quarter. State of Tennessee Treasury Department now owns 60,000 shares of the health services provider’s stock worth $3,758,000 after purchasing an additional 20,000 shares during the period. Koch Industries Inc. purchased a new position in Maximus in the 2nd quarter worth approximately $629,000. Mutual of America Capital Management LLC boosted its holdings in Maximus by 26.6% in the 2nd quarter. Mutual of America Capital Management LLC now owns 108,053 shares of the health services provider’s stock worth $6,767,000 after acquiring an additional 22,713 shares during the period. Virginia Retirement Systems ET AL boosted its holdings in Maximus by 3.5% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 46,700 shares of the health services provider’s stock worth $2,925,000 after acquiring an additional 1,600 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in Maximus by 44.5% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 9,125 shares of the health services provider’s stock worth $572,000 after acquiring an additional 2,812 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.
In other news, General Counsel David Francis sold 1,373 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $65.35, for a total transaction of $89,725.55. Following the completion of the transaction, the general counsel now directly owns 13,617 shares in the company, valued at approximately $889,870.95. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Bruce Caswell sold 8,000 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $60.23, for a total value of $481,840.00. Following the transaction, the president now owns 35,904 shares of the company’s stock, valued at $2,162,497.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 75,773 shares of company stock valued at $4,814,579. Company insiders own 3.10% of the company’s stock.
A number of equities analysts have weighed in on the company. Zacks Investment Research upgraded Maximus from a “hold” rating to a “buy” rating and set a $73.00 price target for the company in a report on Wednesday, October 4th. Canaccord Genuity decreased their price target on Maximus from $62.00 to $61.00 and set a “hold” rating for the company in a report on Friday, November 10th. Robert W. Baird restated a “hold” rating and issued a $64.00 price target on shares of Maximus in a report on Friday, September 1st. Finally, Maxim Group set a $66.00 price target on Maximus and gave the stock a “hold” rating in a report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. The company presently has an average rating of “Hold” and an average target price of $64.33.
Maximus, Inc. (NYSE MMS) traded down $0.27 during trading on Friday, hitting $67.14. The stock had a trading volume of 176,900 shares, compared to its average volume of 360,280. The stock has a market cap of $4,373.27, a PE ratio of 21.59, a P/E/G ratio of 2.52 and a beta of 1.32. Maximus, Inc. has a 12 month low of $51.74 and a 12 month high of $67.89.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a dividend yield of 0.27%. The ex-dividend date is Tuesday, November 14th. Maximus’s dividend payout ratio (DPR) is currently 5.66%.
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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