Illinois Municipal Retirement Fund Purchases 8,376 Shares of Maximus, Inc. $MMS

Illinois Municipal Retirement Fund grew its position in Maximus, Inc. (NYSE:MMS) by 25.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,687 shares of the health services provider’s stock after purchasing an additional 8,376 shares during the quarter. Illinois Municipal Retirement Fund owned approximately 0.07% of Maximus worth $2,856,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Maximus during the first quarter valued at $2,115,000. Bank of New York Mellon Corp grew its stake in Maximus by 1.6% during the second quarter. Bank of New York Mellon Corp now owns 549,369 shares of the health services provider’s stock worth $38,566,000 after purchasing an additional 8,434 shares during the period. AlphaQuest LLC increased its holdings in Maximus by 142.0% in the second quarter. AlphaQuest LLC now owns 8,663 shares of the health services provider’s stock worth $608,000 after purchasing an additional 5,083 shares in the last quarter. Nordea Investment Management AB lifted its stake in Maximus by 0.6% in the second quarter. Nordea Investment Management AB now owns 64,829 shares of the health services provider’s stock valued at $4,542,000 after buying an additional 382 shares during the period. Finally, Keeler Thomas Management LLC bought a new position in shares of Maximus during the 2nd quarter worth approximately $1,179,000. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on MMS shares. Weiss Ratings upgraded shares of Maximus from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Zacks Research downgraded shares of Maximus from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $90.00.

Maximus Stock Performance

NYSE MMS opened at $80.45 on Friday. The company has a fifty day simple moving average of $86.84 and a 200 day simple moving average of $78.92. Maximus, Inc. has a 12-month low of $63.77 and a 12-month high of $92.50. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 0.91. The company has a market cap of $4.53 billion, a P/E ratio of 14.82 and a beta of 0.57.

Maximus Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.5%. Maximus’s payout ratio is presently 22.10%.

Insider Transactions at Maximus

In other Maximus news, insider Michelle F. Link sold 1,610 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $90.86, for a total transaction of $146,284.60. Following the completion of the sale, the insider directly owned 13,508 shares of the company’s stock, valued at approximately $1,227,336.88. The trade was a 10.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.60% 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.