BNP Paribas Financial Markets boosted its stake in Maximus, Inc. (NYSE:MMS – Free Report) by 57.3% in the 3rd quarter, Holdings Channel reports. The firm owned 57,555 shares of the health services provider’s stock after buying an additional 20,972 shares during the quarter. BNP Paribas Financial Markets’ holdings in Maximus were worth $5,362,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in MMS. V Square Quantitative Management LLC acquired a new stake in shares of Maximus in the third quarter valued at about $25,000. GAMMA Investing LLC boosted its holdings in Maximus by 224.5% in the 2nd quarter. GAMMA Investing LLC now owns 344 shares of the health services provider’s stock worth $29,000 after acquiring an additional 238 shares during the period. Blue Trust Inc. grew its position in Maximus by 201.5% in the second quarter. Blue Trust Inc. now owns 392 shares of the health services provider’s stock valued at $33,000 after acquiring an additional 262 shares in the last quarter. Archer Investment Corp raised its stake in shares of Maximus by 8,788.9% during the second quarter. Archer Investment Corp now owns 800 shares of the health services provider’s stock valued at $69,000 after purchasing an additional 791 shares during the period. Finally, Ariadne Wealth Management LP acquired a new position in shares of Maximus during the second quarter worth $90,000. 97.21% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, StockNews.com lowered shares of Maximus from a “buy” rating to a “hold” rating in a report on Thursday, November 28th.
Insider Activity
In related news, insider Michelle F. Link sold 1,363 shares of the company’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 sale, the insider now directly owns 6,567 shares of the company’s stock, valued at $607,841.52. This represents a 17.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.40% of the company’s stock.
Maximus Trading Up 0.6 %
NYSE:MMS opened at $74.58 on Wednesday. The stock has a market cap of $4.50 billion, a price-to-earnings ratio of 14.92 and a beta of 0.73. Maximus, Inc. has a one year low of $71.75 and a one year high of $93.97. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.49 and a current ratio of 1.49. The business’s 50-day simple moving average is $86.17 and its 200 day simple moving average is $87.49.
Maximus Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Saturday, November 30th. Shareholders of record on Friday, November 15th were given 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 was Friday, November 15th. Maximus’s payout ratio is 24.00%.
Maximus 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.
Read More
- Five stocks we like better than Maximus
- Canada Bond Market Holiday: How to Invest and Trade
- Beyond NVIDIA: Top 5 Semiconductor Stocks to Watch for 2025
- Basic Materials Stocks Investing
- Netflix Is On Track To Hit $1,000 By Christmas
- 3 Fintech Stocks With Good 2021 Prospects
- UMAC Stock Climbs Amid Trump Jr. Appointment and Meme Stock Hype
Want to see what other hedge funds are holding MMS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Maximus, Inc. (NYSE:MMS – Free Report).
Receive News & Ratings for Maximus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Maximus and related companies with MarketBeat.com's FREE daily email newsletter.