Envestnet Asset Management Inc. lowered its position in MAXIMUS, Inc. (NYSE:MMS) by 12.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,299 shares of the health services provider’s stock after selling 4,199 shares during the quarter. Envestnet Asset Management Inc.’s holdings in MAXIMUS were worth $1,955,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Acrospire Investment Management LLC lifted its stake in MAXIMUS by 17.6% in the second quarter. Acrospire Investment Management LLC now owns 2,000 shares of the health services provider’s stock worth $125,000 after acquiring an additional 300 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in MAXIMUS by 10.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,367 shares of the health services provider’s stock worth $148,000 after acquiring an additional 220 shares during the last quarter. Intl Fcstone Inc. purchased a new position in MAXIMUS in the second quarter worth approximately $201,000. GW Henssler & Associates Ltd. purchased a new position in MAXIMUS in the second quarter worth approximately $205,000. Finally, OLD National Bancorp IN purchased a new position in MAXIMUS in the third quarter worth approximately $246,000. Institutional investors own 94.82% of the company’s stock.

A number of brokerages recently issued reports on MMS. Zacks Investment Research upgraded shares of MAXIMUS from a “hold” rating to a “buy” rating and set a $73.00 price target for the company in a research note on Wednesday, October 4th. Canaccord Genuity reduced their price objective on shares of MAXIMUS from $62.00 to $61.00 and set a “hold” rating for the company in a research report on Friday, November 10th. Finally, Robert W. Baird restated a “hold” rating and set a $64.00 price objective on shares of MAXIMUS in a research report on Friday, September 1st. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $64.33.

In other news, CEO Richard A. Montoni sold 10,000 shares of MAXIMUS stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $69.04, for a total value of $690,400.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Bruce Caswell sold 8,000 shares of MAXIMUS stock in a transaction on Monday, September 18th. The shares were sold at an average price of $63.28, for a total transaction of $506,240.00. Following the completion of the transaction, the president now directly owns 35,904 shares in the company, valued at $2,272,005.12. The disclosure for this sale can be found here. Insiders sold a total of 103,717 shares of company stock worth $6,966,735 over the last ninety days. Corporate insiders own 3.10% of the company’s stock.

Shares of MAXIMUS, Inc. (NYSE MMS) traded up $0.51 during trading hours on Friday, hitting $71.32. 642,864 shares of the stock traded hands, compared to its average volume of 341,719. The stock has a market cap of $4,612.32, a P/E ratio of 22.77, a PEG ratio of 2.66 and a beta of 1.35. MAXIMUS, Inc. has a twelve month low of $51.74 and a twelve month high of $72.15.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th were issued a $0.045 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.25%. MAXIMUS’s payout ratio is 5.66%.

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About MAXIMUS

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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Institutional Ownership by Quarter for MAXIMUS (NYSE:MMS)

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