Assenagon Asset Management S.A. Cuts Position in Maximus, Inc. (NYSE:MMS)

Assenagon Asset Management S.A. lowered its position in Maximus, Inc. (NYSE:MMS) by 84.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 140,115 shares of the health services provider’s stock after selling 738,779 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.23% of Maximus worth $10,460,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Eastern Bank purchased a new stake in shares of Maximus during the 4th quarter worth $29,000. Reinhart Partners LLC. boosted its position in shares of Maximus by 43.5% during the 4th quarter. Reinhart Partners LLC. now owns 551,146 shares of the health services provider’s stock worth $41,143,000 after acquiring an additional 167,019 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Maximus by 45.2% in the 4th quarter. Harbor Capital Advisors Inc. now owns 47,956 shares of the health services provider’s stock valued at $3,580,000 after acquiring an additional 14,937 shares during the last quarter. Diversified Trust Co raised its position in shares of Maximus by 24.7% during the 4th quarter. Diversified Trust Co now owns 10,388 shares of the health services provider’s stock worth $775,000 after acquiring an additional 2,056 shares in the last quarter. Finally, Nordea Investment Management AB purchased a new stake in Maximus during the fourth quarter worth approximately $4,618,000. Institutional investors and hedge funds own 97.21% of the company’s stock.

Maximus Stock Down 0.4 %

Shares of NYSE MMS opened at $78.49 on Friday. The business has a 50-day moving average price of $75.64 and a 200 day moving average price of $84.61. The stock has a market cap of $4.73 billion, a PE ratio of 15.70 and a beta of 0.73. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.59. Maximus, Inc. has a 52-week low of $69.72 and a 52-week high of $93.97.

Maximus Dividend Announcement

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 given a $0.30 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.20 annualized dividend and a yield of 1.53%. Maximus’s dividend payout ratio (DPR) is 24.00%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, CEO Bruce Caswell acquired 3,500 shares of Maximus stock in a transaction on Tuesday, December 17th. The stock was purchased at an average cost of $70.64 per share, with a total value of $247,240.00. Following the purchase, the chief executive officer now directly owns 275,929 shares in the company, valued at approximately $19,491,624.56. The trade was a 1.28 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michelle F. Link sold 2,208 shares of Maximus stock in a transaction that occurred 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 transaction, the insider now owns 6,567 shares in the company, valued at $484,841.61. This trade represents a 25.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders acquired a total of 7,063 shares of company stock worth $502,017 in the last 90 days. Company insiders own 1.40% of the company’s stock.

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.