Walleye Capital LLC Makes New Investment in Maximus, Inc. (NYSE:MMS)

Walleye Capital LLC bought a new stake in shares of Maximus, Inc. (NYSE:MMS) during the third quarter, Holdings Channel.com reports. The fund bought 60,839 shares of the health services provider’s stock, valued at approximately $5,668,000.

A number of other institutional investors have also recently modified their holdings of MMS. Assenagon Asset Management S.A. grew its position in shares of Maximus by 277.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 878,894 shares of the health services provider’s stock valued at $81,878,000 after acquiring an additional 645,760 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Maximus by 942.9% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 323,300 shares of the health services provider’s stock valued at $27,707,000 after acquiring an additional 292,300 shares during the period. Millennium Management LLC grew its position in shares of Maximus by 150.4% during the 2nd quarter. Millennium Management LLC now owns 406,075 shares of the health services provider’s stock valued at $34,801,000 after acquiring an additional 243,890 shares during the period. Algert Global LLC acquired a new stake in shares of Maximus during the 2nd quarter valued at about $12,424,000. Finally, Reinhart Partners LLC. grew its position in shares of Maximus by 53.5% during the 2nd quarter. Reinhart Partners LLC. now owns 355,914 shares of the health services provider’s stock valued at $30,502,000 after acquiring an additional 124,095 shares during the period. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Maximus Trading Up 2.8 %

Shares of Maximus stock opened at $74.50 on Monday. The firm has a market capitalization of $4.49 billion, a PE ratio of 14.90 and a beta of 0.77. Maximus, Inc. has a twelve month low of $71.75 and a twelve month high of $93.97. The firm’s 50-day moving average price is $86.50 and its 200 day moving average price is $87.58. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.59.

Maximus Dividend Announcement

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

Insider Activity at Maximus

In related news, insider Michelle F. Link sold 1,363 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $92.56, for a total value of $126,159.28. Following the transaction, the insider now directly owns 6,567 shares of the company’s stock, valued at approximately $607,841.52. This trade represents a 17.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.