Algert Global LLC Buys 21,831 Shares of Maximus, Inc. (NYSE:MMS)

Algert Global LLC lifted its holdings in shares of Maximus, Inc. (NYSE:MMS) by 15.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 166,802 shares of the health services provider’s stock after acquiring an additional 21,831 shares during the period. Maximus makes up 0.4% of Algert Global LLC’s holdings, making the stock its 16th biggest holding. Algert Global LLC’s holdings in Maximus were worth $15,539,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Maximus by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 6,208,839 shares of the health services provider’s stock valued at $520,922,000 after buying an additional 145,983 shares during the last quarter. Janus Henderson Group PLC raised its stake in Maximus by 2.1% in the 1st quarter. Janus Henderson Group PLC now owns 1,254,536 shares of the health services provider’s stock valued at $105,255,000 after acquiring an additional 25,825 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Maximus by 7.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,153,977 shares of the health services provider’s stock worth $98,904,000 after purchasing an additional 79,092 shares in the last quarter. Van Berkom & Associates Inc. boosted its holdings in Maximus by 0.8% in the 2nd quarter. Van Berkom & Associates Inc. now owns 1,146,524 shares of the health services provider’s stock worth $98,257,000 after buying an additional 8,811 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in 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 valued at $86,552,000 after acquiring an additional 102,350 shares during the period. 97.21% of the stock is owned by institutional investors.

Maximus Trading Down 2.5 %

NYSE:MMS opened at $73.09 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.49 and a quick ratio of 1.59. Maximus, Inc. has a 1 year low of $71.90 and a 1 year high of $93.97. The company has a market cap of $4.40 billion, a P/E ratio of 14.62 and a beta of 0.77. The stock’s fifty day moving average price is $88.41 and its two-hundred day moving average price is $88.04.

Maximus Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, November 30th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Friday, November 15th. Maximus’s payout ratio is presently 24.00%.

Insider Activity

In other Maximus news, insider Michelle F. Link sold 1,363 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $92.56, for a total value 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 $607,841.52. This trade represents a 17.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.40% of the company’s stock.

Maximus Company Profile

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.