Barclays PLC Grows Holdings in Maximus, Inc. (NYSE:MMS)

Barclays PLC lifted its position in shares of Maximus, Inc. (NYSE:MMS - Free Report) by 285.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 170,971 shares of the health services provider's stock after acquiring an additional 126,573 shares during the quarter. Barclays PLC owned 0.28% of Maximus worth $15,927,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of MMS. Dimensional Fund Advisors LP grew its holdings in shares of Maximus by 7.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,153,977 shares of the health services provider's stock worth $98,904,000 after buying an additional 79,092 shares in the last quarter. Van Berkom & Associates Inc. raised its holdings in shares of Maximus by 0.8% during the 2nd quarter. Van Berkom & Associates Inc. now owns 1,146,524 shares of the health services provider's stock worth $98,257,000 after acquiring an additional 8,811 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Maximus by 12.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 929,066 shares of the health services provider's stock valued at $86,552,000 after acquiring an additional 102,350 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Maximus by 277.0% in the third quarter. Assenagon Asset Management S.A. now owns 878,894 shares of the health services provider's stock valued at $81,878,000 after purchasing an additional 645,760 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in Maximus by 1.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 705,400 shares of the health services provider's stock worth $65,715,000 after purchasing an additional 8,667 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Maximus from a "buy" rating to a "hold" rating in a report on Thursday, November 28th.

Insider Transactions at Maximus

In related news, insider Michelle F. Link sold 2,208 shares of the company's stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $73.83, for a total value of $163,016.64. Following the completion of the transaction, the insider now directly owns 6,567 shares of the company's stock, valued at $484,841.61. This represents a 25.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Raymond B. Ruddy bought 3,490 shares of the company's stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average cost of $71.46 per share, for a total transaction of $249,395.40. Following the completion of the transaction, 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. Corporate insiders own 1.40% of the company's stock.

Maximus Trading Up 2.2 %

NYSE MMS traded up $1.52 during trading hours on Monday, reaching $71.33. The company had a trading volume of 978,236 shares, compared to its average volume of 434,432. 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 stock has a market capitalization of $4.30 billion, a P/E ratio of 14.27 and a beta of 0.73. The stock has a 50-day moving average of $82.19 and a 200 day moving average of $86.52. Maximus, Inc. has a 1-year low of $69.72 and a 1-year high of $93.97.

Maximus Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, November 30th. Shareholders of record on Friday, November 15th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, November 15th. This represents a $1.20 dividend on an annualized basis and a yield of 1.68%. Maximus's dividend payout ratio (DPR) is presently 24.00%.

Maximus 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.