Dimensional Fund Advisors LP Acquires 29,145 Shares of MAXIMUS, Inc. (MMS)
Dimensional Fund Advisors LP raised its holdings in MAXIMUS, Inc. (NYSE:MMS) by 4.8% during the third quarter, HoldingsChannel.com reports. The firm owned 640,621 shares of the health services provider’s stock after buying an additional 29,145 shares during the period. Dimensional Fund Advisors LP’s holdings in MAXIMUS were worth $41,320,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. State of Tennessee Treasury Department increased its stake in MAXIMUS by 50.0% in the second quarter. State of Tennessee Treasury Department now owns 60,000 shares of the health services provider’s stock valued at $3,758,000 after purchasing an additional 20,000 shares during the period. Koch Industries Inc. acquired a new position in MAXIMUS in the second quarter valued at $629,000. Mutual of America Capital Management LLC increased its stake in shares of MAXIMUS by 26.6% during the second quarter. Mutual of America Capital Management LLC now owns 108,053 shares of the health services provider’s stock worth $6,767,000 after acquiring an additional 22,713 shares during the period. Shelton Capital Management acquired a new position in shares of MAXIMUS during the second quarter worth about $308,000. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of MAXIMUS by 13.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 495,589 shares of the health services provider’s stock worth $31,039,000 after acquiring an additional 60,320 shares during the period. Institutional investors own 94.79% of the company’s stock.
A number of research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of MAXIMUS from a “hold” rating to a “buy” rating and set a $73.00 price target on the stock in a research note on Wednesday, October 4th. Canaccord Genuity reiterated a “buy” rating on shares of MAXIMUS in a research note on Wednesday, December 27th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $64.33.
In other news, Director Russell A. Beliveau sold 1,500 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $64.30, for a total transaction of $96,450.00. Following the transaction, the director now directly owns 40,329 shares in the company, valued at $2,593,154.70. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel David Francis sold 3,900 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $63.97, for a total transaction of $249,483.00. Following the transaction, the general counsel now owns 15,090 shares in the company, valued at $965,307.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 71,417 shares of company stock worth $4,902,785. Company insiders own 3.10% of the company’s stock.
MAXIMUS, Inc. (MMS) opened at $70.09 on Thursday. MAXIMUS, Inc. has a one year low of $51.74 and a one year high of $72.54. The stock has a market cap of $4,630.00, a PE ratio of 22.11, a PEG ratio of 2.67 and a beta of 1.34.
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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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