Radnor Capital Management LLC Has $1.29 Million Stock Position in Maximus, Inc. (NYSE:MMS)

Radnor Capital Management LLC cut its holdings in Maximus, Inc. (NYSE:MMS) by 20.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,260 shares of the health services provider’s stock after selling 4,415 shares during the quarter. Radnor Capital Management LLC’s holdings in Maximus were worth $1,288,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Assenagon Asset Management S.A. boosted its stake in Maximus by 277.0% during the third quarter. Assenagon Asset Management S.A. now owns 878,894 shares of the health services provider’s stock worth $81,878,000 after acquiring an additional 645,760 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Maximus by 942.9% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 323,300 shares of the health services provider’s stock worth $27,707,000 after purchasing an additional 292,300 shares in the last quarter. Millennium Management LLC grew its stake in shares of Maximus by 150.4% in the 2nd quarter. Millennium Management LLC now owns 406,075 shares of the health services provider’s stock valued at $34,801,000 after buying an additional 243,890 shares during the period. Reinhart Partners LLC. increased its position in Maximus by 43.5% in the 4th quarter. Reinhart Partners LLC. now owns 551,146 shares of the health services provider’s stock valued at $41,143,000 after buying an additional 167,019 shares in the last quarter. Finally, Sio Capital Management LLC acquired a new position in Maximus during the 3rd quarter worth approximately $14,453,000. 97.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on MMS. StockNews.com cut Maximus from a “buy” rating to a “hold” rating in a research note on Friday, December 27th. Raymond James upgraded 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 note on Thursday, January 2nd.

Maximus Trading Up 0.2 %

NYSE MMS opened at $77.49 on Wednesday. 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 business has a fifty day simple moving average of $76.36 and a 200 day simple moving average of $84.75. Maximus, Inc. has a 12 month low of $69.72 and a 12 month high of $93.97. The firm has a market capitalization of $4.67 billion, a P/E ratio of 15.50 and a beta of 0.73.

Maximus Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Saturday, February 15th will be issued a $0.30 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.55%. Maximus’s dividend payout ratio is currently 24.00%.

Insider Activity at Maximus

In other news, CEO Bruce Caswell acquired 3,500 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was purchased at an average price of $70.64 per share, for a total transaction of $247,240.00. Following the purchase, the chief executive officer now owns 275,929 shares in the company, valued at approximately $19,491,624.56. This represents a 1.28 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Raymond B. Ruddy bought 3,490 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was acquired at an average price of $71.46 per share, for a total transaction of $249,395.40. Following the purchase, the director now directly owns 112,520 shares in the company, valued at approximately $8,040,679.20. The trade was a 3.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 7,063 shares of company stock valued at $502,017 over the last ninety days. Corporate 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.