Tidal Investments LLC Buys 6,809 Shares of Maximus, Inc. (NYSE:MMS)

Tidal Investments LLC raised its stake in shares of Maximus, Inc. (NYSE:MMS) by 49.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,674 shares of the health services provider’s stock after purchasing an additional 6,809 shares during the period. Tidal Investments LLC’s holdings in Maximus were worth $1,926,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in Maximus by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,525,159 shares of the health services provider’s stock valued at $142,109,000 after buying an additional 21,532 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Maximus by 7.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,153,977 shares of the health services provider’s stock valued at $98,904,000 after acquiring an additional 79,092 shares during the last quarter. Van Berkom & Associates Inc. grew its holdings in shares of Maximus by 0.8% in the second quarter. Van Berkom & Associates Inc. now owns 1,146,524 shares of the health services provider’s stock valued at $98,257,000 after purchasing an additional 8,811 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Maximus by 12.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 929,066 shares of the health services provider’s stock worth $86,552,000 after purchasing an additional 102,350 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in Maximus by 277.0% during 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 purchasing an additional 645,760 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Maximus Price Performance

NYSE:MMS opened at $71.33 on Tuesday. The firm has a market capitalization of $4.30 billion, a price-to-earnings ratio of 14.27 and a beta of 0.73. 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 business has a 50 day simple moving average of $82.19 and a 200-day simple moving average of $86.52. Maximus, Inc. has a 1 year low of $69.72 and a 1 year high of $93.97.

Maximus Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, November 30th. Shareholders of record on Friday, November 15th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.68%. The ex-dividend date was Friday, November 15th. Maximus’s payout ratio is 24.00%.

Insider Buying and Selling at Maximus

In related news, insider Michelle F. Link sold 2,208 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $73.83, for a total transaction of $163,016.64. Following the transaction, the insider now directly owns 6,567 shares in the company, valued at approximately $484,841.61. This represents a 25.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Raymond B. Ruddy acquired 3,490 shares of Maximus stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average cost of $71.46 per share, for a total transaction of $249,395.40. Following the completion of the transaction, the director now directly owns 112,520 shares in the company, valued at $8,040,679.20. This trade represents a 3.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

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

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.