Sei Investments Co. Has $1.45 Million Position in Maximus, Inc. (MMS)

Sei Investments Co. decreased its position in Maximus, Inc. (NYSE:MMS) by 52.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,444 shares of the health services provider’s stock after selling 24,796 shares during the period. Sei Investments Co.’s holdings in Maximus were worth $1,447,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Maximus by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 5,669,026 shares of the health services provider’s stock valued at $355,052,000 after buying an additional 130,839 shares during the last quarter. FMR LLC increased its stake in Maximus by 10.4% in the 2nd quarter. FMR LLC now owns 4,658,584 shares of the health services provider’s stock valued at $291,767,000 after buying an additional 438,025 shares during the last quarter. Victory Capital Management Inc. increased its stake in Maximus by 13.3% in the 3rd quarter. Victory Capital Management Inc. now owns 3,514,228 shares of the health services provider’s stock valued at $226,667,000 after buying an additional 413,325 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of Maximus by 718.8% during the 2nd quarter. Janus Henderson Group PLC now owns 2,211,638 shares of the health services provider’s stock valued at $138,515,000 after acquiring an additional 1,941,521 shares during the period. Finally, State Street Corp grew its position in shares of Maximus by 3.5% during the 2nd quarter. State Street Corp now owns 2,138,049 shares of the health services provider’s stock valued at $133,906,000 after acquiring an additional 71,823 shares during the period. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Shares of Maximus, Inc. (NYSE MMS) traded up $0.68 during trading hours on Thursday, reaching $69.48. 368,100 shares of the company’s stock traded hands, compared to its average volume of 358,665. Maximus, Inc. has a 1 year low of $51.74 and a 1 year high of $70.43. The company has a market cap of $4,481.40, a P/E ratio of 22.12, a price-to-earnings-growth ratio of 2.58 and a beta of 1.35.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th were issued a $0.045 dividend. This represents a $0.18 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend was Tuesday, November 14th. Maximus’s payout ratio is 5.66%.

MMS has been the subject of several analyst reports. Zacks Investment Research raised shares of Maximus from a “hold” rating to a “buy” rating and set a $73.00 price objective for the company in a report on Wednesday, October 4th. Robert W. Baird began coverage on shares of Maximus in a report on Sunday, September 3rd. They issued a “neutral” rating for the company. Finally, Canaccord Genuity cut their price target on shares of Maximus from $62.00 to $61.00 and set a “hold” rating for the company in a report on Friday, November 10th. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. The company has an average rating of “Hold” and an average price target of $64.33.

In other news, Director Raymond B. Ruddy sold 25,000 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $62.68, for a total transaction of $1,567,000.00. Following the sale, the director now owns 227,552 shares in the company, valued at approximately $14,262,959.36. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, President Bruce Caswell sold 8,000 shares of the firm’s 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 sale, the president now owns 35,904 shares in the company, valued at approximately $2,272,005.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 88,717 shares of company stock valued at $5,765,835. Insiders own 3.10% of the company’s stock.

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Maximus 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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