nVerses Capital LLC Grows Stock Position in Maximus, Inc. (NYSE:MMS)

nVerses Capital LLC boosted its stake in shares of Maximus, Inc. (NYSE:MMS) by 241.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,100 shares of the health services provider’s stock after buying an additional 2,900 shares during the quarter. nVerses Capital LLC’s holdings in Maximus were worth $382,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Kapitalo Investimentos Ltda purchased a new stake in Maximus during the 3rd quarter valued at $332,000. Washington Capital Management Inc. increased its stake in Maximus by 22.2% in the third quarter. Washington Capital Management Inc. now owns 5,500 shares of the health services provider’s stock worth $512,000 after purchasing an additional 1,000 shares during the period. Creative Planning increased its stake in Maximus by 7.8% in the third quarter. Creative Planning now owns 16,386 shares of the health services provider’s stock worth $1,527,000 after purchasing an additional 1,181 shares during the period. Inspire Investing LLC increased its stake in Maximus by 8.1% in the third quarter. Inspire Investing LLC now owns 4,445 shares of the health services provider’s stock worth $414,000 after purchasing an additional 333 shares during the period. Finally, Reinhart Partners LLC. increased its stake in Maximus by 7.9% in the third quarter. Reinhart Partners LLC. now owns 384,127 shares of the health services provider’s stock worth $35,785,000 after purchasing an additional 28,213 shares during the period. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Insider Activity

In other news, insider Michelle F. Link sold 1,363 shares of the firm’s 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 transaction, the insider now owns 6,567 shares in the company, valued at approximately $607,841.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.40% of the company’s stock.

Maximus Stock Performance

MMS stock opened at $89.94 on Friday. The firm has a market cap of $5.47 billion, a price-to-earnings ratio of 23.61 and a beta of 0.76. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.61. Maximus, Inc. has a twelve month low of $72.81 and a twelve month high of $93.97. The business’s fifty day simple moving average is $89.98 and its two-hundred day simple moving average is $87.11.

Maximus (NYSE:MMS) last announced its quarterly earnings results on Wednesday, August 7th. The health services provider reported $1.74 EPS for the quarter, beating the consensus estimate of $1.47 by $0.27. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. Maximus had a return on equity of 20.91% and a net margin of 5.59%. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 earnings per share. Analysts predict that Maximus, Inc. will post 6.12 earnings per share for the current year.

Maximus Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, November 30th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.20 annualized dividend and a dividend yield of 1.33%. Maximus’s dividend payout ratio is currently 31.50%.

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.