Nordea Investment Management AB Invests $4.62 Million in Maximus, Inc. (NYSE:MMS)

Nordea Investment Management AB acquired a new position in shares of Maximus, Inc. (NYSE:MMS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 61,579 shares of the health services provider's stock, valued at approximately $4,618,000. Nordea Investment Management AB owned 0.10% of Maximus as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund lifted its stake 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 valued at $27,707,000 after buying an additional 292,300 shares in the last quarter. Versor Investments LP raised its holdings 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 acquiring an additional 5,789 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position 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 valued at $86,552,000 after acquiring an additional 102,350 shares in the last quarter. Citigroup Inc. boosted its stake in shares of Maximus by 143.3% in the third quarter. Citigroup Inc. now owns 59,448 shares of the health services provider's stock worth $5,538,000 after acquiring an additional 35,012 shares during the last quarter. Finally, Algert Global LLC purchased a new stake in shares of Maximus during the second quarter worth approximately $12,424,000. 97.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on MMS shares. Raymond James upgraded Maximus from a "market perform" rating to an "outperform" rating and set a $90.00 price objective on the stock in a report on Thursday, January 2nd. StockNews.com lowered shares of Maximus from a "buy" rating to a "hold" rating in a research report on Friday, December 27th.

Insider Transactions at Maximus

In other news, CEO Bruce Caswell purchased 3,500 shares of Maximus stock in a transaction dated Tuesday, December 17th. The shares were purchased at an average price of $70.64 per share, with a total value of $247,240.00. Following the transaction, the chief executive officer now owns 275,929 shares in the company, valued at $19,491,624.56. This represents a 1.28 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 owns 6,567 shares of the company's stock, valued at $484,841.61. The trade was a 25.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have purchased a total of 7,063 shares of company stock worth $502,017 in the last quarter. Company insiders own 1.40% of the company's stock.

Maximus Price Performance

Shares of NYSE:MMS traded down $0.62 during midday trading on Friday, hitting $76.95. The company had a trading volume of 608,110 shares, compared to its average volume of 648,918. Maximus, Inc. has a twelve month low of $69.72 and a twelve 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 current ratio of 1.49 and a quick ratio of 1.49. The business's 50-day simple moving average is $76.78 and its 200-day simple moving average is $84.89.

Maximus Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Saturday, February 15th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Friday, February 14th. Maximus's dividend payout ratio (DPR) is presently 24.00%.

About Maximus

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.