Quest Partners LLC Has $3.49 Million Position in Maximus, Inc. (NYSE:MMS)

Quest Partners LLC boosted its position in Maximus, Inc. (NYSE:MMS) by 95.2% during the third quarter, Holdings Channel reports. The institutional investor owned 37,488 shares of the health services provider’s stock after purchasing an additional 18,286 shares during the quarter. Maximus comprises approximately 0.3% of Quest Partners LLC’s portfolio, making the stock its 27th largest holding. Quest Partners LLC’s holdings in Maximus were worth $3,492,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of MMS. Assenagon Asset Management S.A. grew its stake in shares of Maximus by 277.0% in the third quarter. Assenagon Asset Management S.A. now owns 878,894 shares of the health services provider’s stock valued at $81,878,000 after buying an additional 645,760 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of 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 worth $27,707,000 after purchasing an additional 292,300 shares during the period. Millennium Management LLC lifted its holdings in shares of Maximus by 150.4% during the second quarter. Millennium Management LLC now owns 406,075 shares of the health services provider’s stock worth $34,801,000 after buying an additional 243,890 shares in the last quarter. Vanguard Group Inc. raised its stake in Maximus by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 6,208,839 shares of the health services provider’s stock worth $520,922,000 after purchasing an additional 145,983 shares in the last quarter. Finally, Algert Global LLC bought a new stake in shares of Maximus in the second quarter valued at approximately $12,424,000. Institutional investors own 97.21% of the company’s stock.

Maximus Trading Down 2.3 %

MMS opened at $79.18 on Monday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $4.77 billion, a price-to-earnings ratio of 16.60 and a beta of 0.77. The company has a 50-day simple moving average of $89.02 and a 200 day simple moving average of $88.22. Maximus, Inc. has a twelve month low of $76.42 and a twelve month high of $93.97.

Maximus Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, November 30th. Investors of record on Friday, November 15th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Friday, November 15th. Maximus’s dividend payout ratio is 25.16%.

Insider Activity at Maximus

In other Maximus news, insider Michelle F. Link sold 1,363 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $92.56, for a total value of $126,159.28. Following the completion of the transaction, the insider now owns 6,567 shares of the company’s stock, valued at $607,841.52. This represents a 17.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is owned by insiders.

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.