Maximus, Inc. (NYSE:MMS) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. cut its holdings in Maximus, Inc. (NYSE:MMS) by 29.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 8,973 shares of the health services provider’s stock after selling 3,714 shares during the period. Pacer Advisors Inc.’s holdings in Maximus were worth $670,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. KBC Group NV grew its stake in shares of Maximus by 78.1% during the 4th quarter. KBC Group NV now owns 2,905 shares of the health services provider’s stock valued at $217,000 after buying an additional 1,274 shares during the period. Blue Trust Inc. boosted its position in Maximus by 27.2% during the 4th quarter. Blue Trust Inc. now owns 1,666 shares of the health services provider’s stock worth $124,000 after purchasing an additional 356 shares during the period. Inspire Investing LLC boosted its position in Maximus by 20.9% during the 4th quarter. Inspire Investing LLC now owns 5,374 shares of the health services provider’s stock worth $401,000 after purchasing an additional 929 shares during the period. Janney Montgomery Scott LLC boosted its position in Maximus by 79.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 5,949 shares of the health services provider’s stock worth $444,000 after purchasing an additional 2,638 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH boosted its position in Maximus by 39.1% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 296,476 shares of the health services provider’s stock worth $22,132,000 after purchasing an additional 83,390 shares during the period. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MMS has been the subject of a number of research reports. Raymond James raised shares of 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 raised shares of Maximus from a “hold” rating to a “buy” rating in a research report on Wednesday, January 29th.

Insider Activity

In other Maximus news, CEO Bruce Caswell bought 3,500 shares of Maximus stock in a transaction that occurred on Tuesday, December 17th. The stock was purchased at an average cost of $70.64 per share, for a total transaction of $247,240.00. Following the completion of the acquisition, the chief executive officer now owns 275,929 shares of the company’s stock, valued at approximately $19,491,624.56. This represents a 1.28 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michelle F. Link sold 2,208 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $73.83, for a total transaction of $163,016.64. Following the sale, the insider now owns 6,567 shares of the company’s stock, valued at $484,841.61. The trade was a 25.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders purchased 7,063 shares of company stock worth $502,017 over the last three months. Corporate insiders own 1.60% of the company’s stock.

Maximus Price Performance

MMS opened at $75.88 on Tuesday. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of 15.18 and a beta of 0.72. Maximus, Inc. has a fifty-two week low of $69.72 and a fifty-two week high of $93.97. The company’s 50-day moving average price is $74.76 and its 200 day moving average price is $83.78. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.59.

Maximus Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Saturday, February 15th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.58%. The ex-dividend date is Friday, February 14th. Maximus’s dividend payout ratio (DPR) is 24.00%.

Maximus 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.