Creative Planning Purchases 1,181 Shares of Maximus, Inc. (NYSE:MMS)

Creative Planning raised its holdings in Maximus, Inc. (NYSE:MMS) by 7.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,386 shares of the health services provider’s stock after buying an additional 1,181 shares during the quarter. Creative Planning’s holdings in Maximus were worth $1,527,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in MMS. GAMMA Investing LLC increased its stake in Maximus by 224.5% in the second quarter. GAMMA Investing LLC now owns 344 shares of the health services provider’s stock valued at $29,000 after acquiring an additional 238 shares during the period. Blue Trust Inc. boosted its holdings in Maximus by 201.5% during the second 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. Archer Investment Corp grew its stake in shares of Maximus by 8,788.9% in the 2nd quarter. Archer Investment Corp now owns 800 shares of the health services provider’s stock valued at $69,000 after purchasing an additional 791 shares during the period. Ariadne Wealth Management LP acquired a new position in shares of Maximus in the 2nd quarter worth approximately $90,000. Finally, LRI Investments LLC bought a new position in shares of Maximus during the 1st quarter worth approximately $93,000. Institutional investors and hedge funds own 97.21% of the company’s stock.

Maximus Price Performance

Shares of MMS stock opened at $87.05 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.59 and a quick ratio of 1.59. The stock’s fifty day simple moving average is $89.91 and its 200 day simple moving average is $87.58. Maximus, Inc. has a one year low of $72.81 and a one year high of $93.97. The firm has a market cap of $5.29 billion, a price-to-earnings ratio of 22.85 and a beta of 0.76.

Maximus (NYSE:MMS) last issued its 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 company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. Maximus had a net margin of 5.59% and a return on equity of 20.91%. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.78 EPS. On average, analysts expect that Maximus, Inc. will post 6.12 earnings per share for the current fiscal year.

Maximus Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, November 30th. Stockholders of record on Friday, November 15th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Friday, November 15th. Maximus’s dividend payout ratio (DPR) is currently 31.50%.

Insider Transactions at Maximus

In related 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 completion of the sale, the insider now directly owns 6,567 shares of the company’s stock, valued at $607,841.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.40% of the stock is owned by company 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.