Maximus, Inc. (NYSE:MMS) Shares Sold by GAMMA Investing LLC

GAMMA Investing LLC decreased its holdings in shares of Maximus, Inc. (NYSE:MMS) by 49.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 438 shares of the health services provider’s stock after selling 424 shares during the quarter. GAMMA Investing LLC’s holdings in Maximus were worth $33,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MMS. V Square Quantitative Management LLC acquired a new stake in shares of Maximus during the third quarter worth about $25,000. Ariadne Wealth Management LP acquired a new position in shares of Maximus in the 2nd quarter valued at $90,000. Quarry LP grew its holdings in shares of Maximus by 48.0% during the third quarter. Quarry LP now owns 1,017 shares of the health services provider’s stock worth $95,000 after purchasing an additional 330 shares during the last quarter. Blue Trust Inc. grew its stake in Maximus by 234.2% during the 3rd quarter. Blue Trust Inc. now owns 1,310 shares of the health services provider’s stock worth $112,000 after buying an additional 918 shares during the last quarter. Finally, Covestor Ltd increased its holdings in shares of Maximus by 913.0% in the 3rd quarter. Covestor Ltd now owns 1,246 shares of the health services provider’s stock valued at $116,000 after acquiring an additional 1,123 shares during the period. 97.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on MMS shares. Raymond James upgraded Maximus from a “market perform” rating to an “outperform” rating and set a $90.00 price target for the company in a research note on Thursday, January 2nd. StockNews.com cut Maximus from a “buy” rating to a “hold” rating in a report on Friday, December 27th.

Maximus Stock Performance

Shares of NYSE:MMS opened at $77.49 on Wednesday. Maximus, Inc. has a 12 month low of $69.72 and a 12 month high of $93.97. The business has a 50-day moving average of $76.58 and a two-hundred day moving average of $84.80. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.49 and a quick ratio of 1.49. The firm has a market capitalization of $4.67 billion, a PE ratio of 15.50 and a beta of 0.73.

Maximus Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Saturday, February 15th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Friday, February 14th. Maximus’s dividend payout ratio (DPR) is 24.00%.

Insider Activity

In related news, Director Raymond B. Ruddy acquired 3,490 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was acquired at an average cost of $71.46 per share, for a total transaction of $249,395.40. Following the completion of the acquisition, the director now directly owns 112,520 shares of the company’s stock, valued at approximately $8,040,679.20. The trade was a 3.20 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michelle F. Link sold 2,208 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $73.83, for a total value of $163,016.64. Following the completion of the sale, the insider now owns 6,567 shares of the company’s stock, valued at approximately $484,841.61. This trade represents a 25.16 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders acquired 7,063 shares of company stock worth $502,017. 1.40% of the stock is currently owned by 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.