Resona Asset Management Co. Ltd. Buys 1,061 Shares of Maximus, Inc. $MMS

Resona Asset Management Co. Ltd. boosted its stake in shares of Maximus, Inc. (NYSE:MMS) by 26.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,080 shares of the health services provider’s stock after purchasing an additional 1,061 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Maximus were worth $357,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Maximus in the 1st quarter valued at about $2,115,000. AlphaQuest LLC raised its stake in Maximus by 142.0% in the second quarter. AlphaQuest LLC now owns 8,663 shares of the health services provider’s stock valued at $608,000 after buying an additional 5,083 shares during the period. Nordea Investment Management AB lifted its position in shares of Maximus by 0.6% in the second quarter. Nordea Investment Management AB now owns 64,829 shares of the health services provider’s stock valued at $4,542,000 after buying an additional 382 shares during the last quarter. Keeler Thomas Management LLC acquired a new position in shares of Maximus during the 2nd quarter worth approximately $1,179,000. Finally, Exchange Traded Concepts LLC increased its holdings in shares of Maximus by 2.0% during the 2nd quarter. Exchange Traded Concepts LLC now owns 11,870 shares of the health services provider’s stock worth $833,000 after acquiring an additional 228 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors.

Maximus Stock Down 0.8%

NYSE MMS opened at $82.40 on Wednesday. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 0.91. The company has a market cap of $4.64 billion, a price-to-earnings ratio of 15.17 and a beta of 0.57. The company has a 50 day moving average of $87.16 and a 200-day moving average of $78.90. Maximus, Inc. has a 1-year low of $63.77 and a 1-year high of $92.50.

Maximus Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, November 14th. Maximus’s dividend payout ratio is 22.10%.

Insider Activity at Maximus

In related news, insider Michelle F. Link sold 1,610 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $90.86, for a total value of $146,284.60. Following the completion of the transaction, the insider owned 13,508 shares of the company’s stock, valued at $1,227,336.88. The trade was a 10.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on MMS shares. Weiss Ratings raised shares of Maximus from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Zacks Research downgraded shares of Maximus from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $90.00.

Maximus Company Profile

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.