Victory Capital Amends MAXIMUS Stake to 8.3% as of Dec 31, 2023

TL;DR

**Victory Capital now owns 8.3% of MAXIMUS, signaling a notable change in their position.**

AI Summary

Victory Capital Management Inc. filed an amended SC 13G/A on February 6, 2024, disclosing its ownership in MAXIMUS, INC. (NYSE: MMS). As of December 31, 2023, Victory Capital beneficially owned 5,090,265 shares of Maximus common stock, representing 8.3% of the company's outstanding shares. This is an amendment to a previous filing, indicating a change in their holding, which is important for investors as it shows a significant institutional investor's updated position in the company.

Why It Matters

This filing shows a major institutional investor's updated confidence (or lack thereof) in MAXIMUS, which can influence other investors' perceptions and potentially the stock price.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of an institutional ownership change and does not inherently present significant risk.

Analyst Insight

An investor should note Victory Capital's updated 8.3% stake in MAXIMUS, INC. as of December 31, 2023. While this is an amendment, the specific change from previous filings isn't detailed here, so further investigation into Victory Capital's prior holdings would provide more context on whether this is an increase or decrease in their position. This information can be used to gauge institutional sentiment.

Key Numbers

• 5,090,265 — Shares Beneficially Owned (Represents Victory Capital Management Inc.'s total holding in MAXIMUS, INC. as of December 31, 2023.)
• 8.3% — Percentage of Class (Indicates the significant portion of MAXIMUS, INC. common stock owned by Victory Capital Management Inc.)
• December 31, 2023 — Reporting Date (The specific date for which the ownership data is reported, providing a clear snapshot in time.)
• February 6, 2024 — Filing Date (The date the amended filing was submitted to the SEC.)

Key Players & Entities

• Victory Capital Management Inc. (company) — the reporting person who filed the SC 13G/A
• MAXIMUS, INC. (company) — the subject company whose shares are being reported
• 5,090,265 shares (dollar_amount) — the number of shares beneficially owned by Victory Capital Management Inc.
• 8.3% (dollar_amount) — the percentage of MAXIMUS, INC. common stock beneficially owned by Victory Capital Management Inc.
• December 31, 2023 (date) — the date of the event requiring the filing

Forward-Looking Statements

• Other institutional investors may review Victory Capital's updated position and potentially adjust their own holdings in MAXIMUS, INC. (MAXIMUS, INC.) — medium confidence, target: Q1 2024

FAQ

Filing Documents

• maximus13ga2_123123.htm (SC 13G/A) — 41KB
• 0001040188-24-000016.txt ( ) — 43KB

If this statement is filed

Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) ¨ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) ¨ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) ¨ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) ¨ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) x An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); (f) ¨ An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); (g) ¨ A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); (h) ¨ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) ¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) ¨ Group, in accordance with §240.13d-1(b)(1)(ii)(J).

Ownership

Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 5,317,097 (b) Percent of class: 8.72% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 5,242,067 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 5,317,097 (iv) Shared power to dispose or to direct the disposition of: 0 Instruction . For computations regarding securities which represent a right to acquire an underlying security see §240.13d-3(d)(1).

Ownership of Five Percent

Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial

Ownership of More than

Item 6. Ownership of More than Five Percent on Behalf of Another Person. The clients of Victory Capital Management Inc., including investment companies registered under the Investment Company Act of 1940 and separately managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the class of securities reported herein. No client has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, more than 5% of such class.

Identification and Classification

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not applicable

Identification and Classification

Item 8. Identification and Classification of Members of the Group. Not applicable.

Notice of Dissolution

Item 9. Notice of Dissolution of Group. Not applicable.

Certification

Item 10. Certification. (a) The following certification shall be included if the statement is filed pursuant to §240.13d-1(b): By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. CUSIP No. 577933104 13G Page 4 of 4 Pages After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. 2/6/2024 Date /s/ Barry Garrett Signature Barry Garrett/ Chief Compliance Officer Name/Title

View Full Filing

View this SC 13G/A filing on SEC EDGAR