Harbor Capital Advisors Inc. Has $5.75 Million Stock Position in Maximus, Inc. (NYSE:MMS)

Harbor Capital Advisors Inc. raised its position in shares of Maximus, Inc. (NYSE:MMS - Free Report) by 75.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 84,352 shares of the health services provider's stock after acquiring an additional 36,396 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.15% of Maximus worth $5,752,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Captrust Financial Advisors acquired a new stake in Maximus in the fourth quarter valued at $276,000. IFP Advisors Inc raised its stake in Maximus by 62.4% during the 4th quarter. IFP Advisors Inc now owns 786 shares of the health services provider's stock valued at $59,000 after purchasing an additional 302 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in Maximus during the fourth quarter valued at approximately $1,113,000. Legato Capital Management LLC increased its holdings in Maximus by 33.9% in the fourth quarter. Legato Capital Management LLC now owns 32,134 shares of the health services provider's stock worth $2,399,000 after buying an additional 8,138 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Maximus by 2.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 722,172 shares of the health services provider's stock valued at $54,748,000 after acquiring an additional 16,772 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Maximus from a "buy" rating to a "hold" rating in a report on Thursday, May 15th.

Maximus Price Performance

Shares of MMS traded up $0.01 during mid-day trading on Thursday, hitting $70.44. 45,383 shares of the company traded hands, compared to its average volume of 564,994. Maximus, Inc. has a one year low of $63.77 and a one year high of $93.97. The business has a 50-day moving average of $70.30 and a 200 day moving average of $71.21. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of 15.15 and a beta of 0.62.

Maximus (NYSE:MMS - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The health services provider reported $2.01 EPS for the quarter, topping analysts' consensus estimates of $1.37 by $0.64. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.29 billion. Maximus had a net margin of 5.28% and a return on equity of 21.95%. The firm's quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the business posted $1.57 earnings per share. As a group, equities analysts expect that Maximus, Inc. will post 6.15 earnings per share for the current fiscal year.

Maximus Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, May 31st. Investors of record on Thursday, May 15th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date was Thursday, May 15th. Maximus's payout ratio is presently 23.86%.

Insider Activity at Maximus

In other news, Director Jan Madsen sold 2,439 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $67.71, for a total value of $165,144.69. Following the transaction, the director now directly owns 18,097 shares of the company's stock, valued at $1,225,347.87. This represents a 11.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gayathri Rajan sold 7,913 shares of the company's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $72.38, for a total transaction of $572,742.94. Following the completion of the transaction, the director now owns 14,205 shares in the company, valued at approximately $1,028,157.90. This trade represents a 35.78% decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.

Maximus 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.