Harbor Capital Advisors Inc. Increases Position in Maximus, Inc. (NYSE:MMS)

Harbor Capital Advisors Inc. grew its position in shares of Maximus, Inc. (NYSE:MMS - Free Report) by 45.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,956 shares of the health services provider's stock after purchasing an additional 14,937 shares during the period. Harbor Capital Advisors Inc. owned about 0.08% of Maximus worth $3,580,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund raised its position in Maximus by 942.9% in 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 during the period. Versor Investments LP grew its stake in shares of Maximus by 213.5% during the third quarter. Versor Investments LP now owns 8,500 shares of the health services provider's stock valued at $792,000 after buying an additional 5,789 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Maximus by 12.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 929,066 shares of the health services provider's stock worth $86,552,000 after buying an additional 102,350 shares during the period. Citigroup Inc. lifted its stake in shares of Maximus by 143.3% in the 3rd quarter. Citigroup Inc. now owns 59,448 shares of the health services provider's stock valued at $5,538,000 after acquiring an additional 35,012 shares during the last quarter. Finally, Algert Global LLC purchased a new stake in Maximus during the 2nd quarter valued at about $12,424,000. Institutional investors own 97.21% of the company's stock.

Maximus Trading Down 0.8 %

Shares of NYSE MMS traded down $0.62 during trading hours on Friday, hitting $76.95. The company's stock had a trading volume of 608,110 shares, compared to its average volume of 648,918. Maximus, Inc. has a 12 month low of $69.72 and a 12 month high of $93.97. The stock has a market cap of $4.64 billion, a price-to-earnings ratio of 15.39 and a beta of 0.73. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.49 and a current ratio of 1.49. The business has a 50-day simple moving average of $76.78 and a 200-day simple moving average of $84.89.

Maximus Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Saturday, February 15th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.56%. Maximus's dividend payout ratio is currently 24.00%.

Analyst Ratings Changes

Several brokerages have weighed in on MMS. StockNews.com downgraded Maximus from a "buy" rating to a "hold" rating in a research report 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 report on Thursday, January 2nd.

Insider Activity

In other news, CEO Bruce Caswell bought 3,500 shares of Maximus stock in a transaction on Tuesday, December 17th. The shares were purchased at an average price of $70.64 per share, for a total transaction of $247,240.00. Following the acquisition, the chief executive officer now owns 275,929 shares of the company's stock, valued at approximately $19,491,624.56. The trade was a 1.28 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michelle F. Link sold 2,208 shares of the 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 7,063 shares of company stock valued at $502,017. Company 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.