Stevens Capital Management LP acquired a new stake in shares of Maximus, Inc. (NYSE:MMS) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,417 shares of the health services provider’s stock, valued at approximately $966,000.

Several other institutional investors have also recently modified their holdings of the company. BlackRock Inc. grew its position in shares of Maximus by 22,491.0% during the first 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 in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Maximus by 8.0% in 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 acquiring an additional 411,521 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Maximus by 8.6% in the 2nd quarter. Victory Capital Management Inc. now owns 3,100,903 shares of the health services provider’s stock valued at $194,210,000 after acquiring an additional 244,823 shares during the last quarter. State Street Corp lifted its holdings in shares of Maximus by 2.5% in the 1st quarter. State Street Corp now owns 2,066,226 shares of the health services provider’s stock valued at $128,517,000 after acquiring an additional 50,670 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in shares of Maximus by 49.5% in 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 acquiring an additional 663,189 shares during the last quarter. Hedge funds and other institutional investors own 97.23% of the company’s stock.

In related news, General Counsel David Francis sold 1,000 shares of the company’s stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $60.46, for a total transaction of $60,460.00. Following the completion of the sale, the general counsel now owns 15,715 shares of the company’s stock, valued at approximately $950,128.90. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President Bruce Caswell sold 8,000 shares of the company’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $62.21, for a total transaction of $497,680.00. Following the sale, the president now directly owns 35,904 shares of the company’s stock, valued at approximately $2,233,587.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 132,403 shares of company stock valued at $8,088,341. 3.10% of the stock is owned by corporate insiders.

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Maximus, Inc. (MMS) opened at 64.37 on Monday. The company has a market cap of $4.18 billion, a P/E ratio of 20.63 and a beta of 1.37. Maximus, Inc. has a one year low of $43.69 and a one year high of $64.97. The company has a 50 day moving average of $60.88 and a 200-day moving average of $61.50.

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

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Tuesday, August 15th were paid a dividend of $0.045 per share. The ex-dividend date was Friday, August 11th. This represents a $0.18 annualized dividend and a yield of 0.28%. Maximus’s dividend payout ratio is presently 5.73%.

MMS has been the subject of a number of analyst reports. Canaccord Genuity downgraded shares of Maximus from a “buy” rating to a “hold” rating and set a $62.00 price target for the company. in a report on Tuesday, July 4th. BidaskClub downgraded shares of Maximus from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 6th. Zacks Investment Research downgraded shares of Maximus from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Maxim Group set a $66.00 price target on shares of Maximus and gave the company a “hold” rating in a report on Thursday, August 3rd. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $64.00 price target on shares of Maximus in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating and nine have given a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $62.43.

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.

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Institutional Ownership by Quarter for Maximus (NYSE:MMS)

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