Royce & Associates LP Acquires 58,508 Shares of Maximus, Inc. $MMS

Royce & Associates LP boosted its holdings in Maximus, Inc. (NYSE:MMS) by 11.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 585,526 shares of the health services provider’s stock after buying an additional 58,508 shares during the quarter. Royce & Associates LP owned approximately 1.12% of Maximus worth $31,144,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in MMS. Root Financial Partners LLC bought a new stake in Maximus during the 3rd quarter worth approximately $26,000. Integrated Wealth Concepts LLC acquired a new position in Maximus in the 2nd quarter valued at approximately $34,000. Allworth Financial LP raised its stake in shares of Maximus by 60.8% during the third quarter. Allworth Financial LP now owns 645 shares of the health services provider’s stock valued at $35,000 after acquiring an additional 244 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Maximus during the third quarter valued at $36,000. Finally, Global Retirement Partners LLC bought a new position in shares of Maximus during the second quarter valued at $40,000. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Maximus Trading Down 0.0%

Shares of MMS traded down $0.01 during mid-day trading on Friday, reaching $64.86. 449,081 shares of the company were exchanged, compared to its average volume of 587,204. The business has a 50 day simple moving average of $59.47 and a two-hundred day simple moving average of $63.56. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.42 and a current ratio of 2.42. The stock has a market capitalization of $3.40 billion, a PE ratio of 9.58 and a beta of 0.57. Maximus, Inc. has a 52 week low of $51.04 and a 52 week high of $100.00.

Maximus Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 13th will be given a dividend of $0.33 per share. The ex-dividend date is Friday, November 13th. This represents a $1.32 annualized dividend and a dividend yield of 2.0%. Maximus’s dividend payout ratio is 19.50%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MMS shares. Zacks Research upgraded shares of Maximus from a “strong sell” rating to a “hold” rating in a report on Thursday, October 1st. Wall Street Zen downgraded Maximus from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Maximus in a report on Monday, August 17th. Two investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat, Maximus presently has an average rating of “Hold”.

Insider Buying and Selling at Maximus

In related news, insider Michelle Link sold 3,208 shares of Maximus stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $54.23, for a total transaction of $173,969.84. Following the completion of the transaction, the insider owned 13,881 shares of the company’s stock, valued at $752,766.63. This trade represents a 18.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is currently owned by company insiders.

Maximus Company Profile

Maximus, Inc. provides technology-enabled services to government agencies, helping them administer public programs and deliver services to residents. Its work includes managing contact centers, processing applications and eligibility determinations, conducting health assessments, and supporting appeals and other case-management functions. The company serves clients in the United States and internationally, including government agencies in the United Kingdom, Canada and Australia. Its services span health and human services programs as well as federal government operations, with technology and digital services supporting its program work.