EP Wealth Advisors LLC Buys Shares of 2,892 Maximus, Inc. (NYSE:MMS)

EP Wealth Advisors LLC purchased a new position in shares of Maximus, Inc. (NYSE:MMS) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,892 shares of the health services provider’s stock, valued at approximately $269,000.

Several other hedge funds and other institutional investors have also modified their holdings of MMS. V Square Quantitative Management LLC acquired a new position in Maximus during the 3rd quarter worth about $25,000. Blue Trust Inc. lifted its position in shares of Maximus by 201.5% during the second quarter. Blue Trust Inc. now owns 392 shares of the health services provider’s stock worth $33,000 after purchasing an additional 262 shares in the last quarter. Archer Investment Corp lifted its position in shares of Maximus by 8,788.9% during the second quarter. Archer Investment Corp now owns 800 shares of the health services provider’s stock worth $69,000 after purchasing an additional 791 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Maximus by 150.6% in the third quarter. GAMMA Investing LLC now owns 862 shares of the health services provider’s stock valued at $80,000 after purchasing an additional 518 shares during the period. Finally, Ariadne Wealth Management LP acquired a new position in shares of Maximus in the second quarter valued at approximately $90,000. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Maximus from a “buy” rating to a “hold” rating in a report on Thursday, November 28th.

Insider Transactions at Maximus

In other Maximus news, insider Michelle F. Link sold 2,208 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $73.83, for a total value of $163,016.64. Following the sale, the insider now directly owns 6,567 shares in the company, valued at $484,841.61. This trade represents a 25.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Raymond B. Ruddy purchased 3,490 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were acquired at an average cost of $71.46 per share, with a total value of $249,395.40. Following the completion of the acquisition, the director now directly owns 112,520 shares in the company, valued at $8,040,679.20. The trade was a 3.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.40% of the company’s stock.

Maximus Trading Down 1.2 %

NYSE:MMS opened at $69.85 on Friday. Maximus, Inc. has a 12-month low of $69.72 and a 12-month high of $93.97. The firm has a market cap of $4.21 billion, a PE ratio of 13.97 and a beta of 0.73. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.59. The stock has a fifty day moving average price of $82.58 and a 200 day moving average price of $86.59.

Maximus Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, November 30th. Stockholders of record on Friday, November 15th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.72%. 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.