Tidal Investments LLC Grows Stock Holdings in Maximus, Inc. (NYSE:MMS)

Tidal Investments LLC lifted its stake in shares of Maximus, Inc. (NYSE:MMS) by 49.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,674 shares of the health services provider’s stock after acquiring an additional 6,809 shares during the quarter. Tidal Investments LLC’s holdings in Maximus were worth $1,926,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of MMS. Wealth Enhancement Advisory Services LLC grew its stake in Maximus by 4.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,179 shares of the health services provider’s stock worth $272,000 after purchasing an additional 136 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Maximus by 201.5% during the second quarter. Blue Trust Inc. now owns 392 shares of the health services provider’s stock valued at $33,000 after buying an additional 262 shares during the period. Raymond James & Associates raised its holdings in shares of Maximus by 9.6% in the second quarter. Raymond James & Associates now owns 14,516 shares of the health services provider’s stock valued at $1,244,000 after acquiring an additional 1,275 shares in the last quarter. Summit Global Investments purchased a new stake in Maximus in the second quarter worth about $710,000. Finally, Bailard Inc. bought a new position in Maximus during the 2nd quarter worth about $214,000. 97.21% of the stock is owned by hedge funds and other institutional investors.

Maximus Stock Up 2.2 %

Shares of NYSE MMS opened at $71.33 on Tuesday. The stock has a market capitalization of $4.30 billion, a PE ratio of 14.27 and a beta of 0.73. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.59. Maximus, Inc. has a 12-month low of $69.72 and a 12-month high of $93.97. The stock’s fifty day simple moving average is $82.19 and its two-hundred day simple moving average is $86.52.

Maximus Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, November 30th. Shareholders of record on Friday, November 15th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.20 annualized dividend and a yield of 1.68%. Maximus’s dividend payout ratio (DPR) is presently 24.00%.

Insiders Place Their Bets

In other news, 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 price of $71.46 per share, for a total transaction of $249,395.40. Following the purchase, the director now directly owns 112,520 shares in the company, valued at $8,040,679.20. The trade was a 3.20 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 sale, the insider now owns 6,567 shares of the company’s stock, valued at approximately $607,841.52. This trade represents a 17.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.