Municipal Employees Retirement System of Michigan decreased its position in Maximus, Inc. (NYSE:MMS) by 21.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 19,620 shares of the health services provider’s stock after selling 5,400 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Maximus were worth $1,265,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Cambiar Investors LLC boosted its stake in Maximus by 2.6% in the 3rd quarter. Cambiar Investors LLC now owns 63,145 shares of the health services provider’s stock worth $4,073,000 after purchasing an additional 1,582 shares during the period. FDx Advisors Inc. boosted its stake in Maximus by 49.3% in the 3rd quarter. FDx Advisors Inc. now owns 9,924 shares of the health services provider’s stock worth $640,000 after purchasing an additional 3,279 shares during the period. Bessemer Group Inc. boosted its stake in Maximus by 237.7% in the 3rd quarter. Bessemer Group Inc. now owns 38,501 shares of the health services provider’s stock worth $2,484,000 after purchasing an additional 27,100 shares during the period. Bank of Hawaii boosted its stake in Maximus by 21.8% in the 3rd quarter. Bank of Hawaii now owns 26,779 shares of the health services provider’s stock worth $1,727,000 after purchasing an additional 4,799 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in Maximus by 0.8% in the 3rd quarter. Principal Financial Group Inc. now owns 280,540 shares of the health services provider’s stock worth $18,095,000 after purchasing an additional 2,188 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on MMS shares. Zacks Investment Research lowered shares of Maximus from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Robert W. Baird reaffirmed a “hold” rating and issued a $64.00 price objective on shares of Maximus in a research note on Friday, September 1st. Canaccord Genuity decreased their price objective on shares of Maximus from $62.00 to $61.00 and set a “hold” rating for the company in a research note on Friday, November 10th. Maxim Group set a $66.00 price objective on shares of Maximus and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Finally, BidaskClub lowered shares of Maximus from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $64.33.

In other Maximus news, Director Russell A. Beliveau sold 1,500 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $64.30, for a total value of $96,450.00. Following the completion of the sale, the director now owns 40,329 shares in the company, valued at approximately $2,593,154.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel David Francis sold 1,373 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $65.35, for a total transaction of $89,725.55. Following the completion of the sale, the general counsel now owns 13,617 shares of the company’s stock, valued at approximately $889,870.95. The disclosure for this sale can be found here. In the last quarter, insiders sold 75,773 shares of company stock valued at $4,814,579. Insiders own 3.10% of the company’s stock.

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Shares of Maximus, Inc. (NYSE MMS) opened at $65.47 on Monday. Maximus, Inc. has a 12-month low of $51.74 and a 12-month high of $66.96. The stock has a market cap of $4,243.90, a P/E ratio of 21.05, a price-to-earnings-growth ratio of 2.46 and a beta of 1.32.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th will be given a $0.045 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.18 dividend on an annualized basis and a yield of 0.27%. Maximus’s payout ratio is 5.66%.

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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