Maximus, Inc. (NYSE:MMS) Shares Purchased by Petrus Trust Company LTA

Petrus Trust Company LTA raised its position in shares of Maximus, Inc. (NYSE:MMS) by 2.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,084 shares of the health services provider’s stock after purchasing an additional 185 shares during the period. Petrus Trust Company LTA’s holdings in Maximus were worth $660,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MMS. Assenagon Asset Management S.A. boosted its stake in 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 purchasing an additional 645,760 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Maximus by 942.9% in the 2nd 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 acquiring an additional 292,300 shares during the period. Millennium Management LLC lifted its stake in shares of Maximus by 150.4% in the 2nd quarter. Millennium Management LLC now owns 406,075 shares of the health services provider’s stock worth $34,801,000 after acquiring an additional 243,890 shares during the period. Sio Capital Management LLC acquired a new stake in shares of Maximus in the 3rd quarter worth approximately $14,453,000. Finally, Algert Global LLC acquired a new stake in shares of Maximus in the 2nd quarter worth approximately $12,424,000. 97.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Michelle F. Link sold 2,208 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $73.83, for a total transaction of $163,016.64. Following the sale, the insider now owns 6,567 shares in the company, valued at $484,841.61. The trade was a 25.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is owned by company insiders.

Maximus Stock Up 0.1 %

MMS stock opened at $74.67 on Thursday. Maximus, Inc. has a 12 month low of $71.75 and a 12 month high of $93.97. The firm has a market cap of $4.50 billion, a PE ratio of 14.93 and a beta of 0.73. The firm has a 50 day simple moving average of $85.47 and a 200 day simple moving average of $87.32. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.49 and a quick ratio of 1.49.

Maximus Dividend Announcement

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

Analysts Set New Price Targets

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

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.