Martingale Asset Management L P Acquires 791 Shares of Maximus, Inc. (NYSE:MMS)

Martingale Asset Management L P lifted its holdings in Maximus, Inc. (NYSE:MMS) by 2.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,278 shares of the health services provider’s stock after acquiring an additional 791 shares during the period. Martingale Asset Management L P owned 0.05% of Maximus worth $2,914,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. boosted its holdings in shares of Maximus by 151.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 233,134 shares of the health services provider’s stock worth $19,980,000 after purchasing an additional 140,481 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its position in Maximus by 942.9% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 323,300 shares of the health services provider’s stock worth $27,707,000 after buying an additional 292,300 shares during the last quarter. Tidal Investments LLC lifted its position in Maximus by 238.9% in the first quarter. Tidal Investments LLC now owns 12,763 shares of the health services provider’s stock worth $1,071,000 after buying an additional 8,997 shares during the last quarter. SG Americas Securities LLC boosted its stake in Maximus by 609.6% during the second quarter. SG Americas Securities LLC now owns 14,278 shares of the health services provider’s stock worth $1,224,000 after buying an additional 12,266 shares during the period. Finally, Versor Investments LP raised its stake in shares of Maximus by 213.5% in the third quarter. Versor Investments LP now owns 8,500 shares of the health services provider’s stock valued at $792,000 after acquiring an additional 5,789 shares during the period. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Insider Buying and Selling

In related news, insider Michelle F. Link sold 1,363 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $92.56, for a total value of $126,159.28. Following the completion of the sale, the insider now owns 6,567 shares in the company, valued at approximately $607,841.52. The trade was a 17.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Maximus from a “buy” rating to a “hold” rating in a research note on Thursday.

Maximus Trading Up 2.8 %

MMS opened at $74.50 on Friday. Maximus, Inc. has a one year low of $71.75 and a one year high of $93.97. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.49 and a current ratio of 1.49. The stock has a market cap of $4.49 billion, a price-to-earnings ratio of 14.90 and a beta of 0.77. The stock’s 50 day moving average price is $86.50 and its 200-day moving average price is $87.57.

Maximus Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, November 30th. Stockholders of record on Friday, November 15th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Friday, November 15th. Maximus’s payout ratio is presently 24.00%.

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.