Handelsinvest Investeringsforvaltning lifted its stake in Maximus, Inc. (NYSE:MMS – Get Rating) by 1.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 233,700 shares of the health services provider's stock after buying an additional 3,700 shares during the quarter. Maximus makes up about 2.2% of Handelsinvest Investeringsforvaltning's investment portfolio, making the stock its 9th largest position. Handelsinvest Investeringsforvaltning's holdings in Maximus were worth $14,609,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Okabena Investment Services Inc. purchased a new position in shares of Maximus in the fourth quarter worth $87,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in Maximus during the first quarter valued at $89,000. Covestor Ltd raised its stake in Maximus by 92.8% during the first quarter. Covestor Ltd now owns 1,604 shares of the health services provider's stock valued at $120,000 after purchasing an additional 772 shares in the last quarter. Van ECK Associates Corp raised its stake in Maximus by 15.9% during the first quarter. Van ECK Associates Corp now owns 1,698 shares of the health services provider's stock valued at $127,000 after purchasing an additional 233 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Maximus by 16.3% during the first quarter. PNC Financial Services Group Inc. now owns 2,520 shares of the health services provider's stock valued at $188,000 after purchasing an additional 354 shares in the last quarter. Hedge funds and other institutional investors own 95.30% of the company's stock.

Maximus Price Performance

Maximus stock traded down $1.07 during mid-day trading on Tuesday, reaching $57.66. 4,906 shares of the company's stock traded hands, compared to its average volume of 363,192. The company has a market cap of $3.54 billion, a price-to-earnings ratio of 19.64 and a beta of 0.72. The stock has a 50 day moving average of $62.95 and a two-hundred day moving average of $66.76. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.94. Maximus, Inc. has a 12-month low of $56.50 and a 12-month high of $88.13.

Maximus Dividend Announcement

Wall Street Analysts Forecast Growth

Separately, TheStreet downgraded shares of Maximus from a "b-" rating to a "c+" rating in a research note on Tuesday, May 31st.

About Maximus

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Maximus, Inc provides business process services (BPS) to government health and human services programs. It operates through three segments: U.S. Services, U.S. Federal Services, and Outside the U.S. The U.S. Services segment offers various BPS solutions, such as program administration, appeals and assessments, and related consulting works for U.S.

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