Maximus, Inc. (NYSE:MMS) Shares Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. grew its position in Maximus, Inc. (NYSE:MMS) by 45.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,956 shares of the health services provider’s stock after purchasing an additional 14,937 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.08% of Maximus worth $3,580,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MMS. V Square Quantitative Management LLC purchased a new position in Maximus in the third quarter valued at $25,000. GAMMA Investing LLC raised its position in shares of Maximus by 150.6% during the 3rd quarter. GAMMA Investing LLC now owns 862 shares of the health services provider’s stock worth $80,000 after acquiring an additional 518 shares in the last quarter. Quarry LP raised its position in shares of Maximus by 48.0% during the 3rd quarter. Quarry LP now owns 1,017 shares of the health services provider’s stock worth $95,000 after acquiring an additional 330 shares in the last quarter. Ariadne Wealth Management LP purchased a new stake in Maximus during the second quarter worth approximately $90,000. Finally, Covestor Ltd increased its stake in Maximus by 913.0% in the third quarter. Covestor Ltd now owns 1,246 shares of the health services provider’s stock valued at $116,000 after purchasing an additional 1,123 shares during the last quarter. 97.21% of the stock is owned by hedge funds and other institutional investors.

Maximus Stock Performance

Shares of MMS opened at $76.95 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.59. The firm has a market cap of $4.64 billion, a PE ratio of 15.39 and a beta of 0.73. The company’s 50 day simple moving average is $76.98 and its 200-day simple moving average is $84.99. Maximus, Inc. has a 12-month low of $69.72 and a 12-month high of $93.97.

Maximus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Saturday, February 15th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Friday, February 14th. Maximus’s payout ratio is currently 24.00%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MMS. Raymond James upgraded shares of Maximus from a “market perform” rating to an “outperform” rating and set a $90.00 price objective for the company in a research report on Thursday, January 2nd. StockNews.com downgraded shares of Maximus from a “buy” rating to a “hold” rating in a research note on Friday, December 27th.

Insider Activity

In other news, CEO Bruce Caswell acquired 3,500 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was bought at an average price of $70.64 per share, for a total transaction of $247,240.00. Following the transaction, the chief executive officer now owns 275,929 shares in the company, valued at $19,491,624.56. This represents a 1.28 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michelle F. Link sold 2,208 shares of Maximus stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $73.83, for a total transaction of $163,016.64. Following the completion of the sale, the insider now directly owns 6,567 shares in the company, valued at approximately $484,841.61. The trade was a 25.16 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders acquired 7,063 shares of company stock valued at $502,017. Insiders own 1.40% of the company’s stock.

Maximus Company 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.