Mutual of America Capital Management LLC Grows Stake in Maximus, Inc. (MMS)

Mutual of America Capital Management LLC grew its holdings in shares of Maximus, Inc. (NYSE:MMS) by 26.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 108,053 shares of the health services provider’s stock after purchasing an additional 22,713 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.17% of Maximus worth $6,767,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MMS. BlackRock Inc. increased its position in shares of Maximus by 22,491.0% during the 1st quarter. BlackRock Inc. now owns 6,503,511 shares of the health services provider’s stock valued at $404,518,000 after purchasing an additional 6,474,723 shares during the last quarter. Clearbridge Investments LLC increased its position in shares of Maximus by 49.5% during the 1st quarter. Clearbridge Investments LLC now owns 2,004,270 shares of the health services provider’s stock valued at $124,666,000 after purchasing an additional 663,189 shares during the last quarter. Columbia Wanger Asset Management LLC increased its position in shares of Maximus by 115.7% during the 1st quarter. Columbia Wanger Asset Management LLC now owns 787,691 shares of the health services provider’s stock valued at $48,994,000 after purchasing an additional 422,499 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Maximus by 8.0% during the 1st quarter. Vanguard Group Inc. now owns 5,538,187 shares of the health services provider’s stock valued at $344,476,000 after purchasing an additional 411,521 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Maximus by 34.7% during the 1st quarter. Bank of New York Mellon Corp now owns 1,154,096 shares of the health services provider’s stock valued at $71,784,000 after purchasing an additional 297,427 shares during the last quarter. 97.23% of the stock is owned by hedge funds and other institutional investors.

In related news, CEO Richard A. Montoni sold 29,203 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $60.38, for a total transaction of $1,763,277.14. Following the completion of the sale, the chief executive officer now directly owns 549,215 shares in the company, valued at $33,161,601.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Bruce Caswell sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $63.28, for a total value of $506,240.00. Following the sale, the president now owns 35,904 shares of the company’s stock, valued at $2,272,005.12. The disclosure for this sale can be found here. Insiders sold 133,403 shares of company stock valued at $8,151,491 over the last 90 days. Company insiders own 3.10% of the company’s stock.

Several equities research analysts have recently commented on the stock. Robert W. Baird assumed coverage on shares of Maximus in a research report on Sunday, September 3rd. They set a “neutral” rating for the company. Zacks Investment Research lowered shares of Maximus from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Maxim Group set a $66.00 price target on shares of Maximus and gave the company a “hold” rating in a research report on Thursday, August 3rd. BidaskClub lowered shares of Maximus from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Finally, Canaccord Genuity lowered shares of Maximus from a “buy” rating to a “hold” rating and set a $62.00 target price for the company. in a report on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating and nine have given a hold rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $62.43.

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Shares of Maximus, Inc. (NYSE:MMS) remained flat at $62.81 during midday trading on Wednesday. 15,658 shares of the company were exchanged. The firm’s 50 day moving average price is $60.88 and its 200-day moving average price is $61.50. Maximus, Inc. has a 52 week low of $43.69 and a 52 week high of $64.97. The firm has a market cap of $4.07 billion, a PE ratio of 20.13 and a beta of 1.37.

Maximus (NYSE:MMS) last posted its quarterly earnings data on Thursday, August 3rd. The health services provider reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.03. The business had revenue of $600.40 million during the quarter, compared to analysts’ expectations of $614.12 million. Maximus had a return on equity of 25.08% and a net margin of 8.43%. The business’s revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.79 earnings per share. Analysts anticipate that Maximus, Inc. will post $3.13 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th were given a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date was Friday, August 11th. Maximus’s dividend payout ratio (DPR) is presently 5.73%.

Maximus Company 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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