Bridgewater Associates LP Boosts Stock Position in Maximus, Inc. (NYSE:MMS)

Bridgewater Associates LP lifted its position in Maximus, Inc. (NYSE:MMS) by 139.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,103 shares of the health services provider’s stock after purchasing an additional 6,469 shares during the quarter. Bridgewater Associates LP’s holdings in Maximus were worth $1,034,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Assenagon Asset Management S.A. boosted its holdings in shares of Maximus by 151.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 233,134 shares of the health services provider’s stock worth $19,980,000 after purchasing an additional 140,481 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Maximus by 942.9% in the 2nd 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 in the last quarter. Tidal Investments LLC boosted its holdings in shares of Maximus by 238.9% in the 1st quarter. Tidal Investments LLC now owns 12,763 shares of the health services provider’s stock worth $1,071,000 after purchasing an additional 8,997 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Maximus by 609.6% in the 2nd quarter. SG Americas Securities LLC now owns 14,278 shares of the health services provider’s stock valued at $1,224,000 after acquiring an additional 12,266 shares during the last quarter. Finally, Versor Investments LP lifted its stake in shares of Maximus by 213.5% in the 3rd quarter. Versor Investments LP now owns 8,500 shares of the health services provider’s stock valued at $792,000 after acquiring an additional 5,789 shares during the last quarter. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Maximus from a “buy” rating to a “hold” rating in a research note on Thursday.

Maximus Trading Up 2.8 %

NYSE MMS opened at $74.50 on Monday. Maximus, Inc. has a 1-year low of $71.75 and a 1-year high of $93.97. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.59. The stock has a 50-day moving average of $86.50 and a 200-day moving average of $87.58. The firm has a market cap of $4.49 billion, a PE ratio of 14.90 and a beta of 0.77.

Maximus Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, November 30th. Stockholders of record on Friday, November 15th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Friday, November 15th. Maximus’s dividend payout ratio (DPR) is presently 24.00%.

Insider Activity

In other Maximus news, insider Michelle F. Link sold 1,363 shares of the company’s stock in a transaction that occurred 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 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.40% of the stock is currently owned by corporate 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.