OxFORD Asset Management LLP Raises Holdings in MAXIMUS, Inc. (MMS)

OxFORD Asset Management LLP boosted its holdings in shares of MAXIMUS, Inc. (NYSE:MMS) by 338.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 33,885 shares of the health services provider’s stock after purchasing an additional 26,148 shares during the period. OxFORD Asset Management LLP owned approximately 0.05% of MAXIMUS worth $2,186,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of MMS. Janus Henderson Group PLC boosted its holdings in shares of MAXIMUS by 718.8% in the second quarter. Janus Henderson Group PLC now owns 2,211,638 shares of the health services provider’s stock valued at $138,515,000 after acquiring an additional 1,941,521 shares in the last quarter. Koch Industries Inc. purchased a new stake in shares of MAXIMUS in the second quarter valued at about $629,000. FMR LLC boosted its holdings in shares of MAXIMUS by 10.4% in the second quarter. FMR LLC now owns 4,658,584 shares of the health services provider’s stock valued at $291,767,000 after acquiring an additional 438,025 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of MAXIMUS by 13.3% in the third quarter. Victory Capital Management Inc. now owns 3,514,228 shares of the health services provider’s stock valued at $226,667,000 after acquiring an additional 413,325 shares in the last quarter. Finally, Trilogy Global Advisors LP purchased a new stake in shares of MAXIMUS in the second quarter valued at about $17,325,000. 94.82% of the stock is currently owned by institutional investors and hedge funds.

Shares of MAXIMUS, Inc. (NYSE MMS) traded down $0.34 during midday trading on Thursday, hitting $70.59. 536,100 shares of the company traded hands, compared to its average volume of 361,250. MAXIMUS, Inc. has a 12-month low of $51.74 and a 12-month high of $71.64. The firm has a market capitalization of $4,620.14, a PE ratio of 22.81, a price-to-earnings-growth ratio of 2.66 and a beta of 1.35.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Wednesday, November 15th were paid a $0.045 dividend. This represents a $0.18 annualized dividend and a dividend yield of 0.25%. The ex-dividend date was Tuesday, November 14th. MAXIMUS’s dividend payout ratio (DPR) is 5.66%.

In related news, General Counsel David Francis sold 1,373 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $65.35, for a total value of $89,725.55. Following the completion of the sale, the general counsel now owns 13,617 shares in the company, valued at $889,870.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Bruce Caswell sold 8,000 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $63.28, for a total transaction of $506,240.00. Following the completion of the sale, the president now owns 35,904 shares of the company’s stock, valued at approximately $2,272,005.12. The disclosure for this sale can be found here. Insiders sold 103,717 shares of company stock valued at $6,966,735 in the last quarter. Company insiders own 3.10% of the company’s stock.

Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of MAXIMUS from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a report on Wednesday, October 4th. Robert W. Baird assumed coverage on shares of MAXIMUS in a report on Sunday, September 3rd. They issued a “neutral” rating on the stock. Finally, Canaccord Genuity lowered their target price on shares of MAXIMUS from $62.00 to $61.00 and set a “hold” rating on the stock in a report on Friday, November 10th. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the stock. MAXIMUS currently has an average rating of “Hold” and an average target price of $64.33.

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MAXIMUS Company Profile

MAXIMUS, Inc provides business process services (BPS) to government health and human services agencies. The Company operates through three segments: U.S. Federal Services, Health Services and Human Services. The U.S. Federal Services segment provides BPS and program management for large government programs, independent health review and appeals services for both the United States Federal Government, and state-based programs and technology solutions for civilian federal programs.

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Institutional Ownership by Quarter for MAXIMUS (NYSE:MMS)

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