Harbor Capital Advisors Inc. Grows Stake in Maximus, Inc. (NYSE:MMS)

Harbor Capital Advisors Inc. boosted its stake in shares of Maximus, Inc. (NYSE:MMS - Free Report) by 91.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,019 shares of the health services provider's stock after acquiring an additional 15,810 shares during the quarter. Harbor Capital Advisors Inc. owned 0.05% of Maximus worth $3,076,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in shares of Maximus in the 3rd quarter valued at about $25,000. GAMMA Investing LLC grew its position in shares of Maximus by 224.5% in the 2nd quarter. GAMMA Investing LLC now owns 344 shares of the health services provider's stock valued at $29,000 after acquiring an additional 238 shares during the period. Blue Trust Inc. increased its position in Maximus by 201.5% during the second quarter. Blue Trust Inc. now owns 392 shares of the health services provider's stock worth $33,000 after buying an additional 262 shares during the last quarter. Archer Investment Corp increased its holdings in shares of Maximus by 8,788.9% during the 2nd quarter. Archer Investment Corp now owns 800 shares of the health services provider's stock worth $69,000 after acquiring an additional 791 shares during the last quarter. Finally, Ariadne Wealth Management LP bought a new position in shares of Maximus in the second quarter valued at about $90,000. Institutional investors and hedge funds own 97.21% of the company's stock.

Insider Buying and Selling at Maximus

In related news, insider Michelle F. Link sold 1,363 shares of the business's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $92.56, for a total value of $126,159.28. Following the transaction, the insider now directly owns 6,567 shares of the company's stock, valued at approximately $607,841.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by company insiders.

Maximus Stock Performance

NYSE:MMS traded up $1.14 during mid-day trading on Tuesday, hitting $88.43. 446,432 shares of the stock were exchanged, compared to its average volume of 343,722. The firm's 50-day simple moving average is $89.60 and its 200 day simple moving average is $87.78. The stock has a market capitalization of $5.32 billion, a price-to-earnings ratio of 18.54 and a beta of 0.77. Maximus, Inc. has a fifty-two week low of $75.22 and a fifty-two week high of $93.97. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.59 and a current ratio of 1.59.

Maximus (NYSE:MMS - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The health services provider reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.27. Maximus had a return on equity of 20.91% and a net margin of 5.59%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the firm posted $0.78 earnings per share. Maximus's revenue was up 10.6% compared to the same quarter last year. As a group, equities analysts anticipate that Maximus, Inc. will post 6.12 EPS for the current fiscal year.

Maximus Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, November 30th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, November 15th. This represents a $1.20 annualized dividend and a dividend yield of 1.36%. Maximus's dividend payout ratio is currently 25.16%.

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.