GSA Capital Partners LLP lowered its position in MAXIMUS, Inc. (NYSE:MMS) by 71.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,541 shares of the health services provider’s stock after selling 13,583 shares during the quarter. GSA Capital Partners LLP’s holdings in MAXIMUS were worth $357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. State of Tennessee Treasury Department increased its stake in shares of MAXIMUS by 50.0% in the second quarter. State of Tennessee Treasury Department now owns 60,000 shares of the health services provider’s stock valued at $3,758,000 after buying an additional 20,000 shares during the period. Koch Industries Inc. acquired a new position in shares of MAXIMUS in the second quarter valued at approximately $629,000. Mutual of America Capital Management LLC increased its stake in shares of MAXIMUS by 26.6% in the second quarter. Mutual of America Capital Management LLC now owns 108,053 shares of the health services provider’s stock valued at $6,767,000 after buying an additional 22,713 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in shares of MAXIMUS by 44.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 9,125 shares of the health services provider’s stock valued at $572,000 after buying an additional 2,812 shares during the period. Finally, Shelton Capital Management acquired a new position in shares of MAXIMUS in the second quarter valued at approximately $308,000. 94.79% of the stock is owned by institutional investors.

Several research analysts have recently issued reports on the company. Canaccord Genuity reaffirmed a “buy” rating on shares of MAXIMUS in a research note on Wednesday, December 27th. Zacks Investment Research cut MAXIMUS from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $64.33.

In related news, Director Russell A. Beliveau sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $64.30, for a total value of $96,450.00. Following the sale, the director now directly owns 40,329 shares in the company, valued at $2,593,154.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel David Francis sold 3,900 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $63.97, for a total value of $249,483.00. Following the completion of the sale, the general counsel now owns 15,090 shares in the company, valued at $965,307.30. The disclosure for this sale can be found here. Insiders sold 71,417 shares of company stock worth $4,902,785 over the last quarter. 3.10% of the stock is currently owned by company insiders.

Shares of MAXIMUS, Inc. (MMS) opened at $71.27 on Monday. MAXIMUS, Inc. has a twelve month low of $51.74 and a twelve month high of $72.54. The company has a market capitalization of $4,642.28, a P/E ratio of 22.41, a P/E/G ratio of 2.67 and a beta of 1.34.

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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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