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

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

Other institutional investors and hedge funds have also modified their holdings of the company. Cetera Advisors LLC purchased a new stake in Maximus during the 1st quarter worth approximately $235,000. SG Americas Securities LLC increased its position in shares of Maximus by 609.6% during the second quarter. SG Americas Securities LLC now owns 14,278 shares of the health services provider’s stock worth $1,224,000 after purchasing an additional 12,266 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Maximus by 4.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,179 shares of the health services provider’s stock valued at $272,000 after purchasing an additional 136 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Maximus by 151.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 233,134 shares of the health services provider’s stock valued at $19,980,000 after purchasing an additional 140,481 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in Maximus by 201.5% in the 2nd quarter. Blue Trust Inc. now owns 392 shares of the health services provider’s stock valued at $33,000 after purchasing an additional 262 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Maximus Stock Performance

Shares of Maximus stock opened at $69.85 on Friday. The business’s 50 day moving average price is $82.58 and its 200 day moving average price is $86.59. The company has a market cap of $4.21 billion, a price-to-earnings ratio of 13.97 and a beta of 0.73. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.49 and a current ratio of 1.49. Maximus, Inc. has a one year low of $69.72 and a one year high of $93.97.

Maximus Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, November 30th. Stockholders of record on Friday, November 15th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.20 annualized dividend and a dividend yield of 1.72%. Maximus’s payout ratio is 24.00%.

Wall Street Analyst Weigh In

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

Insider Activity at Maximus

In other Maximus news, Director Raymond B. Ruddy bought 3,490 shares of Maximus stock in a transaction on Thursday, December 12th. The shares were bought at an average price of $71.46 per share, for a total transaction of $249,395.40. Following the completion of the transaction, the director now directly owns 112,520 shares of the company’s stock, valued at $8,040,679.20. This trade represents a 3.20 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, 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 value of $126,159.28. Following the transaction, the insider now owns 6,567 shares of the company’s stock, valued at approximately $607,841.52. This represents a 17.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.

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.