Maximus, Inc. (NYSE:MMS) Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP raised its holdings in Maximus, Inc. (NYSE:MMS) by 738.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,628 shares of the health services provider’s stock after acquiring an additional 11,122 shares during the quarter. Quantbot Technologies LP’s holdings in Maximus were worth $1,176,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MMS. V Square Quantitative Management LLC purchased a new position in shares of Maximus in the 3rd quarter valued at about $25,000. GAMMA Investing LLC grew its position in Maximus by 224.5% during the second quarter. GAMMA Investing LLC now owns 344 shares of the health services provider’s stock worth $29,000 after buying an additional 238 shares during the period. Blue Trust Inc. increased its holdings in Maximus by 201.5% in the second quarter. Blue Trust Inc. now owns 392 shares of the health services provider’s stock valued at $33,000 after buying an additional 262 shares in the last quarter. Archer Investment Corp lifted its position in shares of Maximus by 8,788.9% during the 2nd quarter. Archer Investment Corp now owns 800 shares of the health services provider’s stock valued at $69,000 after acquiring an additional 791 shares during the period. Finally, Ariadne Wealth Management LP purchased a new stake in shares of Maximus during the 2nd quarter worth approximately $90,000. Institutional investors and hedge funds own 97.21% of the company’s stock.

Maximus Price Performance

Maximus stock opened at $74.50 on Friday. 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 52 week low of $71.75 and a 52 week high of $93.97. The firm’s 50-day simple moving average is $86.50 and its 200 day simple moving average is $87.57. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.59.

Maximus Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Insider Transactions at Maximus

In other Maximus news, insider Michelle F. Link sold 1,363 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $92.56, for a total transaction of $126,159.28. Following the sale, the insider now owns 6,567 shares in the company, valued at approximately $607,841.52. This represents a 17.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.40% of the company’s stock.

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.