Deutsche Bank AG raised its stake in Maximus Inc. (NYSE:MMS) by 15.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 284,516 shares of the health services provider’s stock after acquiring an additional 38,960 shares during the period. Deutsche Bank AG owned approximately 0.44% of Maximus worth $20,363,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in MMS. Amundi Pioneer Asset Management Inc. acquired a new position in Maximus in the 4th quarter valued at $163,000. Steward Partners Investment Advisory LLC acquired a new position in Maximus in the 4th quarter valued at $169,000. Capital One National Association acquired a new position in Maximus in the 4th quarter valued at $213,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Maximus by 51.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,581 shares of the health services provider’s stock valued at $256,000 after acquiring an additional 1,214 shares in the last quarter. Finally, Belpointe Asset Management LLC acquired a new position in Maximus in the 3rd quarter valued at $269,000. 96.71% of the stock is owned by hedge funds and other institutional investors.
MMS stock opened at $63.86 on Friday. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 0.01. Maximus Inc. has a fifty-two week low of $57.12 and a fifty-two week high of $72.71. The company has a market capitalization of $4,387.58, a price-to-earnings ratio of 19.01, a PEG ratio of 2.24 and a beta of 1.18.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Thursday, February 15th were issued a dividend of $0.045 per share. The ex-dividend date was Wednesday, February 14th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.28%. Maximus’s dividend payout ratio (DPR) is currently 5.36%.
In other news, CEO Richard A. Montoni sold 30,000 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $67.89, for a total transaction of $2,036,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard A. Montoni sold 10,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $67.42, for a total value of $674,200.00. The disclosure for this sale can be found here. Insiders have sold a total of 44,600 shares of company stock valued at $3,014,830 in the last three months. 3.10% of the stock is owned by insiders.
Several equities analysts have weighed in on MMS shares. Zacks Investment Research raised Maximus from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a report on Tuesday, February 13th. Canaccord Genuity reaffirmed a “buy” rating on shares of Maximus in a report on Wednesday, December 27th. Finally, Maxim Group reaffirmed a “hold” rating and issued a $69.00 price objective (up from $66.00) on shares of Maximus in a report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. Maximus currently has a consensus rating of “Hold” and a consensus price target of $66.60.
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MAXIMUS, Inc provides business process services (BPS) to government health and human services programs in the United States, the United Kingdom, Australia, Canada, Singapore, and Saudi Arabia. The company's Health Services segment offers various BPS, appeals, and assessments, as well as related consulting services for state, provincial, and national government programs comprising Medicaid, Children's Health Insurance Program, the Affordable Care Act, Health Insurance British Columbia, the Health Assessment Advisory Service, and Preadmission Screening and Resident Reviews.
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