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US Bancorp DE Buys 1,499 Shares of Maximus, Inc. (NYSE:MMS)

Defense World · Sep 7, 2022 05:11

US Bancorp DE boosted its holdings in Maximus, Inc. (NYSE:MMS – Get Rating) by 14.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,834 shares of the health services provider's stock after purchasing an additional 1,499 shares during the period. US Bancorp DE's holdings in Maximus were worth $887,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in MMS. Victory Capital Management Inc. grew its position in Maximus by 14.3% in the first quarter. Victory Capital Management Inc. now owns 5,264,098 shares of the health services provider's stock valued at $394,512,000 after purchasing an additional 659,986 shares in the last quarter. William Blair Investment Management LLC bought a new position in Maximus in the first quarter valued at $38,532,000. Millennium Management LLC grew its position in Maximus by 1,132.0% in the fourth quarter. Millennium Management LLC now owns 419,689 shares of the health services provider's stock valued at $33,437,000 after purchasing an additional 385,622 shares in the last quarter. Alliancebernstein L.P. grew its position in Maximus by 6.2% in the fourth quarter. Alliancebernstein L.P. now owns 3,339,698 shares of the health services provider's stock valued at $266,074,000 after purchasing an additional 193,816 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its position in Maximus by 35.8% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 524,465 shares of the health services provider's stock valued at $39,309,000 after purchasing an additional 138,152 shares in the last quarter. Institutional investors own 95.30% of the company's stock.

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Maximus Stock Performance

Shares of MMS opened at $59.97 on Wednesday. The firm has a 50-day moving average of $63.58 and a 200-day moving average of $68.33. Maximus, Inc. has a one year low of $56.50 and a one year high of $88.26. The company has a market cap of $3.68 billion, a PE ratio of 20.06 and a beta of 0.72. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.47 and a quick ratio of 1.47.

Maximus Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Stockholders of record on Monday, August 15th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date was Friday, August 12th. Maximus's dividend payout ratio (DPR) is presently 37.46%.

Analysts Set New Price Targets

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

Insider Activity

In other news, CEO Bruce Caswell acquired 8,300 shares of the firm's stock in a transaction dated Wednesday, June 15th. The stock was bought at an average price of $60.32 per share, with a total value of $500,656.00. Following the transaction, the chief executive officer now directly owns 181,017 shares in the company, valued at approximately $10,918,945.44. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Raymond B. Ruddy bought 17,341 shares of the business's stock in a transaction dated Tuesday, June 14th. The stock was bought at an average price of $57.72 per share, for a total transaction of $1,000,922.52. Following the purchase, the director now owns 109,030 shares in the company, valued at approximately $6,293,211.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Bruce Caswell bought 8,300 shares of the business's stock in a transaction dated Wednesday, June 15th. The shares were bought at an average price of $60.32 per share, with a total value of $500,656.00. Following the purchase, the chief executive officer now owns 181,017 shares in the company, valued at approximately $10,918,945.44. The disclosure for this purchase can be found here. Insiders own 1.10% of the company's stock.

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.