Radnor Capital Management LLC Reduces Position in Maximus, Inc. (NYSE:MMS)

Radnor Capital Management LLC lessened its holdings in shares of Maximus, Inc. (NYSE:MMS) by 20.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 17,260 shares of the health services provider’s stock after selling 4,415 shares during the period. Radnor Capital Management LLC’s holdings in Maximus were worth $1,288,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new position in Maximus in the 3rd quarter worth approximately $25,000. Eastern Bank purchased a new stake in shares of Maximus during the fourth quarter worth $29,000. GAMMA Investing LLC boosted its holdings in shares of Maximus by 150.6% in the third quarter. GAMMA Investing LLC now owns 862 shares of the health services provider’s stock worth $80,000 after acquiring an additional 518 shares during the period. Quarry LP grew its position in shares of Maximus by 48.0% in the third quarter. Quarry LP now owns 1,017 shares of the health services provider’s stock valued at $95,000 after purchasing an additional 330 shares in the last quarter. Finally, Ariadne Wealth Management LP bought a new stake in shares of Maximus during the 2nd quarter valued at $90,000. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Insider Buying and Selling

In other Maximus news, insider Michelle F. Link sold 2,208 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $73.83, for a total transaction of $163,016.64. Following the completion of the transaction, the insider now owns 6,567 shares of the company’s stock, valued at $484,841.61. This represents a 25.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Bruce Caswell acquired 3,500 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was acquired at an average price of $70.64 per share, for a total transaction of $247,240.00. Following the completion of the transaction, the chief executive officer now owns 275,929 shares in the company, valued at approximately $19,491,624.56. The trade was a 1.28 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 7,063 shares of company stock worth $502,017 in the last ninety days. 1.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Raymond James raised shares of Maximus from a “market perform” rating to an “outperform” rating and set a $90.00 price target on the stock in a report on Thursday, January 2nd. StockNews.com cut shares of Maximus from a “buy” rating to a “hold” rating in a research note on Friday, December 27th.

Maximus Stock Performance

NYSE:MMS opened at $77.49 on Wednesday. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of 15.50 and a beta of 0.73. The business has a 50 day moving average of $76.36 and a 200 day moving average of $84.75. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.49 and a quick ratio of 1.49. Maximus, Inc. has a 1-year low of $69.72 and a 1-year high of $93.97.

Maximus Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Saturday, February 15th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Friday, February 14th. Maximus’s dividend payout ratio is presently 24.00%.

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.