GAMMA Investing LLC Has $33,000 Stock Holdings in Maximus, Inc. (NYSE:MMS)

GAMMA Investing LLC trimmed its position in Maximus, Inc. (NYSE:MMSFree Report) by 49.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 438 shares of the health services provider’s stock after selling 424 shares during the quarter. GAMMA Investing LLC’s holdings in Maximus were worth $33,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in 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 valued at $27,707,000 after purchasing an additional 292,300 shares during the period. Versor Investments LP lifted its stake in shares of Maximus by 213.5% in the third quarter. Versor Investments LP now owns 8,500 shares of the health services provider’s stock valued at $792,000 after buying an additional 5,789 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Maximus by 12.4% during the 3rd 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 in the last quarter. Citigroup Inc. boosted its stake in Maximus by 143.3% during the third quarter. Citigroup Inc. now owns 59,448 shares of the health services provider’s stock worth $5,538,000 after buying an additional 35,012 shares in the last quarter. Finally, Algert Global LLC acquired a new position in shares of Maximus in the 2nd quarter valued at $12,424,000. 97.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Research Report on Maximus

Maximus Price Performance

Shares of MMS stock opened at $77.49 on Wednesday. The firm’s 50 day moving average price is $76.58 and its two-hundred day moving average price is $84.80. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.49 and a current ratio of 1.49. Maximus, Inc. has a 52-week low of $69.72 and a 52-week high of $93.97. The stock has a market cap of $4.67 billion, a PE ratio of 15.50 and a beta of 0.73.

Maximus Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Saturday, February 15th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, February 14th. This represents a $1.20 annualized dividend and a yield of 1.55%. Maximus’s dividend payout ratio is presently 24.00%.

Insider Buying and Selling at Maximus

In related news, insider Michelle F. Link sold 2,208 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 6,567 shares of the company’s stock, valued at approximately $484,841.61. The trade was a 25.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Bruce Caswell purchased 3,500 shares of Maximus stock in a transaction on Tuesday, December 17th. The shares were purchased at an average cost of $70.64 per share, with a total value of $247,240.00. Following the transaction, the chief executive officer now 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. Over the last ninety days, insiders acquired 7,063 shares of company stock valued at $502,017. Company insiders own 1.40% of the company’s stock.

About Maximus

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Maximus (NYSE:MMS)

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