Maximus, Inc. (NYSE:MMS) Shares Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. boosted its holdings in Maximus, Inc. (NYSE:MMS) by 45.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,956 shares of the health services provider’s stock after acquiring an additional 14,937 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Maximus were worth $3,580,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Arizona State Retirement System boosted its holdings in Maximus by 1.9% during the second quarter. Arizona State Retirement System now owns 17,086 shares of the health services provider’s stock worth $1,464,000 after buying an additional 322 shares in the last quarter. Texas Permanent School Fund Corp boosted its stake in shares of Maximus by 19.7% during the 2nd quarter. Texas Permanent School Fund Corp now owns 63,946 shares of the health services provider’s stock worth $5,480,000 after acquiring an additional 10,532 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Maximus by 7.9% in the 2nd quarter. American Century Companies Inc. now owns 14,986 shares of the health services provider’s stock worth $1,284,000 after acquiring an additional 1,093 shares during the period. Cornercap Investment Counsel Inc. increased its stake in Maximus by 3.6% in the 2nd quarter. Cornercap Investment Counsel Inc. now owns 13,489 shares of the health services provider’s stock valued at $1,156,000 after purchasing an additional 468 shares in the last quarter. Finally, GHP Investment Advisors Inc. raised its holdings in Maximus by 5.5% during the second quarter. GHP Investment Advisors Inc. now owns 30,708 shares of the health services provider’s stock worth $2,632,000 after purchasing an additional 1,600 shares during the last quarter. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Maximus Price Performance

Shares of NYSE:MMS opened at $76.95 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.49 and a current ratio of 1.49. The business’s fifty day moving average price is $76.98 and its two-hundred day moving average price is $84.99. The stock has a market cap of $4.64 billion, a PE ratio of 15.39 and a beta of 0.73. Maximus, Inc. has a one year low of $69.72 and a one year high of $93.97.

Maximus Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Saturday, February 15th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Friday, February 14th. Maximus’s dividend payout ratio is presently 24.00%.

Insider Activity at Maximus

In other news, CEO Bruce Caswell acquired 3,500 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was acquired at an average price of $70.64 per share, with a total value of $247,240.00. Following the completion of the transaction, the chief executive officer now directly owns 275,929 shares in the company, valued at approximately $19,491,624.56. This represents a 1.28 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Raymond B. Ruddy bought 3,490 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were purchased at an average price of $71.46 per share, for a total transaction of $249,395.40. Following the transaction, the director now owns 112,520 shares of the company’s stock, valued at $8,040,679.20. The trade was a 3.20 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders bought 7,063 shares of company stock valued at $502,017. 1.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

MMS has been the subject of a number of research analyst reports. Raymond James upgraded Maximus from a “market perform” rating to an “outperform” rating and set a $90.00 price target for the company in a research report on Thursday, January 2nd. StockNews.com downgraded shares of Maximus from a “buy” rating to a “hold” rating in a report on Friday, December 27th.

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.