Royce & Associates LP reduced its holdings in shares of MAXIMUS, Inc. (NYSE:MMS) by 4.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,847 shares of the health services provider’s stock after selling 2,148 shares during the quarter. Royce & Associates LP owned approximately 0.08% of MAXIMUS worth $3,280,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Great West Life Assurance Co. Can increased its position in MAXIMUS by 0.6% in the second quarter. Great West Life Assurance Co. Can now owns 38,710 shares of the health services provider’s stock worth $2,423,000 after buying an additional 241 shares during the last quarter. Sei Investments Co. increased its position in MAXIMUS by 941.9% in the second quarter. Sei Investments Co. now owns 47,240 shares of the health services provider’s stock worth $2,958,000 after buying an additional 42,706 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in MAXIMUS by 13.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 495,589 shares of the health services provider’s stock worth $31,039,000 after buying an additional 60,320 shares during the last quarter. Arizona State Retirement System increased its position in MAXIMUS by 1.1% in the second quarter. Arizona State Retirement System now owns 27,300 shares of the health services provider’s stock worth $1,710,000 after buying an additional 300 shares during the last quarter. Finally, First Trust Advisors LP increased its position in MAXIMUS by 14.3% in the second quarter. First Trust Advisors LP now owns 29,486 shares of the health services provider’s stock worth $1,847,000 after buying an additional 3,680 shares during the last quarter. Institutional investors and hedge funds own 94.79% of the company’s stock.

A number of analysts have issued reports on the company. Zacks Investment Research downgraded MAXIMUS from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Canaccord Genuity decreased their target price on 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 assumed coverage on MAXIMUS in a research report on Sunday, September 3rd. They issued a “neutral” rating for the company. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $64.33.

In other news, General Counsel David Francis sold 1,373 shares of MAXIMUS stock in a transaction on Friday, November 17th. The stock was sold at an average price of $65.35, for a total value of $89,725.55. Following the completion of the transaction, the general counsel now directly owns 13,617 shares in the company, valued at $889,870.95. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Raymond B. Ruddy sold 25,000 shares of MAXIMUS stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $65.12, for a total value of $1,628,000.00. Following the completion of the transaction, the director now owns 226,652 shares of the company’s stock, valued at $14,759,578.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 98,417 shares of company stock valued at $6,654,895. 3.10% of the stock is owned by company insiders.

Shares of MAXIMUS, Inc. (NYSE MMS) opened at $71.65 on Wednesday. The stock has a market capitalization of $4,659.87, a price-to-earnings ratio of 23.00, a price-to-earnings-growth ratio of 2.69 and a beta of 1.35. MAXIMUS, Inc. has a 52-week low of $51.74 and a 52-week high of $72.29.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th were given a $0.045 dividend. This represents a $0.18 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend was Tuesday, November 14th. MAXIMUS’s dividend payout ratio (DPR) is presently 5.66%.

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MAXIMUS Company Profile

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.

Institutional Ownership by Quarter for MAXIMUS (NYSE:MMS)

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