Illinois Municipal Retirement Fund Grows Holdings in Maximus, Inc. $MMS

Illinois Municipal Retirement Fund raised its position in Maximus, Inc. (NYSE:MMS) by 25.9% in the 2nd 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 buying an additional 8,376 shares during the period. Illinois Municipal Retirement Fund’s holdings in Maximus were worth $2,856,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of MMS. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Maximus by 40.0% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,729,305 shares of the health services provider’s stock worth $117,921,000 after buying an additional 494,372 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Maximus by 20.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,695,582 shares of the health services provider’s stock worth $115,620,000 after acquiring an additional 288,990 shares during the period. Van Berkom & Associates Inc. boosted its position in Maximus by 1.5% in the first quarter. Van Berkom & Associates Inc. now owns 1,275,394 shares of the health services provider’s stock worth $86,969,000 after purchasing an additional 18,976 shares during the last quarter. AQR Capital Management LLC grew its stake in Maximus by 177.2% in the 1st quarter. AQR Capital Management LLC now owns 1,173,329 shares of the health services provider’s stock valued at $79,341,000 after purchasing an additional 750,031 shares during the period. Finally, Reinhart Partners LLC. increased its position in shares of Maximus by 0.3% during the 2nd quarter. Reinhart Partners LLC. now owns 913,856 shares of the health services provider’s stock valued at $64,154,000 after purchasing an additional 2,345 shares during the last quarter. Institutional investors own 97.21% of the company’s stock.

Analyst Ratings Changes

MMS has been the topic of a number of research analyst reports. Weiss Ratings raised shares of Maximus from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Zacks Research cut shares of Maximus from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Maximus presently has an average rating of “Moderate Buy” and an average target price of $90.00.

Insider Transactions at Maximus

In other Maximus news, insider Michelle F. Link sold 1,610 shares of the stock in a transaction 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 sale, the insider owned 13,508 shares in the company, valued at $1,227,336.88. This represents a 10.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.60% of the stock is owned by insiders.

Maximus Price Performance

NYSE MMS opened at $80.45 on Friday. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 0.91. The company has a market cap of $4.53 billion, a PE ratio of 14.82 and a beta of 0.57. Maximus, Inc. has a 52 week low of $63.77 and a 52 week high of $92.50. The firm’s 50-day simple moving average is $86.84 and its two-hundred day simple moving average is $78.92.

Maximus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, November 14th. Maximus’s payout ratio is currently 22.10%.

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.