MML Investors Services LLC Purchases 299 Shares of Maximus, Inc. (NYSE:MMS)

MML Investors Services LLC grew its position in Maximus, Inc. (NYSE:MMS) by 6.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,870 shares of the health services provider’s stock after buying an additional 299 shares during the period. MML Investors Services LLC’s holdings in Maximus were worth $454,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MMS. V Square Quantitative Management LLC purchased a new stake in Maximus during the third quarter valued at approximately $25,000. Archer Investment Corp boosted its position 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 worth $69,000 after purchasing an additional 791 shares in the last quarter. GAMMA Investing LLC grew its stake in Maximus by 150.6% during the 3rd quarter. GAMMA Investing LLC now owns 862 shares of the health services provider’s stock worth $80,000 after buying an additional 518 shares during the last quarter. Ariadne Wealth Management LP acquired a new position in Maximus during the 2nd quarter valued at about $90,000. Finally, Quarry LP raised its stake in Maximus by 48.0% in the third quarter. Quarry LP now owns 1,017 shares of the health services provider’s stock valued at $95,000 after buying an additional 330 shares during the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Maximus from a “hold” rating to a “buy” rating in a research note on Thursday, December 19th.

Insiders Place Their Bets

In other Maximus news, insider Michelle F. Link sold 1,363 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were 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 directly owns 6,567 shares of the company’s stock, valued at approximately $607,841.52. This trade represents a 17.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Bruce Caswell acquired 3,500 shares of the company’s stock in a transaction dated Tuesday, December 17th. The stock was acquired at an average cost of $70.64 per share, for a total transaction of $247,240.00. Following the completion of the acquisition, 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 disclosure for this purchase can be found here. In the last 90 days, insiders bought 7,063 shares of company stock valued at $502,017. 1.40% of the stock is owned by company insiders.

Maximus Trading Down 0.2 %

Shares of Maximus stock opened at $72.82 on Tuesday. Maximus, Inc. has a 12-month low of $69.72 and a 12-month high of $93.97. The firm’s 50 day simple moving average is $80.34 and its two-hundred day simple moving average is $86.01. 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 firm has a market capitalization of $4.39 billion, a price-to-earnings ratio of 14.56 and a beta of 0.73.

Maximus Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, November 30th. Investors of record on Friday, November 15th were paid a $0.30 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.20 dividend on an annualized basis and a yield of 1.65%. Maximus’s dividend payout ratio (DPR) is 24.00%.

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.