Integrated Quantitative Investments LLC Invests $720,000 in Maximus, Inc. $MMS

Integrated Quantitative Investments LLC purchased a new stake in Maximus, Inc. (NYSE:MMS) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,254 shares of the health services provider’s stock, valued at approximately $720,000.

Other institutional investors have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd grew its position in shares of Maximus by 17,533.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 529 shares of the health services provider’s stock worth $36,000 after purchasing an additional 526 shares in the last quarter. UMB Bank n.a. grew its position in Maximus by 37.5% during the second quarter. UMB Bank n.a. now owns 833 shares of the health services provider’s stock worth $58,000 after buying an additional 227 shares in the last quarter. Bayforest Capital Ltd acquired a new stake in Maximus during the second quarter worth approximately $61,000. Parkside Financial Bank & Trust increased its stake in Maximus by 21.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 879 shares of the health services provider’s stock worth $62,000 after acquiring an additional 157 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Maximus by 60.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,174 shares of the health services provider’s stock valued at $82,000 after acquiring an additional 442 shares in the last quarter. Institutional investors own 97.21% of the company’s stock.

Maximus Stock Down 1.0%

Shares of MMS opened at $79.72 on Monday. Maximus, Inc. has a 52 week low of $63.77 and a 52 week high of $92.50. The stock has a fifty day moving average of $86.67 and a 200-day moving average of $79.17. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.27 and a current ratio of 2.27. The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 14.68 and a beta of 0.57.

Maximus Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.5%. Maximus’s dividend payout ratio is currently 22.10%.

Insider Transactions at Maximus

In related news, insider Michelle F. Link sold 1,610 shares of Maximus stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $90.86, for a total transaction of $146,284.60. Following the sale, the insider directly owned 13,508 shares in the company, valued at $1,227,336.88. This trade represents a 10.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Weiss Ratings raised Maximus from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Zacks Research cut Maximus from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Maximus currently has an average rating of “Moderate Buy” and an average target price of $90.00.

About Maximus

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.