Y Intercept Hong Kong Ltd Acquires New Shares in Maximus, Inc. (NYSE:MMS)

Y Intercept Hong Kong Ltd bought a new position in Maximus, Inc. (NYSE:MMS) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 10,824 shares of the health services provider’s stock, valued at approximately $1,008,000.

Several other hedge funds and other institutional investors have also made changes to their positions in MMS. Assenagon Asset Management S.A. raised its position 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 worth $19,980,000 after purchasing an additional 140,481 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Maximus by 942.9% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 323,300 shares of the health services provider’s stock valued at $27,707,000 after buying an additional 292,300 shares during the period. SG Americas Securities LLC increased its holdings in Maximus by 609.6% during the second quarter. SG Americas Securities LLC now owns 14,278 shares of the health services provider’s stock valued at $1,224,000 after buying an additional 12,266 shares during the period. Versor Investments LP increased its holdings in Maximus by 213.5% during the third quarter. Versor Investments LP now owns 8,500 shares of the health services provider’s stock valued at $792,000 after buying an additional 5,789 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Maximus by 12.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 929,066 shares of the health services provider’s stock valued at $86,552,000 after buying an additional 102,350 shares during the period. Institutional investors own 97.21% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Maximus Trading Down 0.5 %

NYSE:MMS opened at $70.67 on Friday. Maximus, Inc. has a 12 month low of $70.00 and a 12 month high of $93.97. The firm has a fifty day simple moving average of $83.01 and a 200-day simple moving average of $86.70. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $4.26 billion, a P/E ratio of 14.13 and a beta of 0.73.

Maximus Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, November 30th. Shareholders of record on Friday, November 15th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.70%. Maximus’s dividend payout ratio (DPR) is 24.00%.

Insiders Place Their Bets

In other news, insider Michelle F. Link sold 1,363 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $92.56, for a total transaction of $126,159.28. Following the completion of the transaction, the insider now owns 6,567 shares in the company, valued at approximately $607,841.52. This represents a 17.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.40% of the stock is owned by corporate insiders.

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.