Public Employees Retirement System of Ohio Invests $159,000 in Maximus, Inc. (NYSE:MMS)

Public Employees Retirement System of Ohio acquired a new stake in shares of Maximus, Inc. (NYSE:MMS) in the third quarter, HoldingsChannel reports. The fund acquired 1,704 shares of the health services provider’s stock, valued at approximately $159,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of MMS. Y Intercept Hong Kong Ltd bought a new position in shares of Maximus during the third quarter valued at approximately $1,008,000. MML Investors Services LLC grew its stake in Maximus by 6.5% during the 3rd quarter. MML Investors Services LLC now owns 4,870 shares of the health services provider’s stock worth $454,000 after buying an additional 299 shares during the last quarter. XTX Topco Ltd increased its position in Maximus by 234.1% in the third quarter. XTX Topco Ltd now owns 11,879 shares of the health services provider’s stock worth $1,107,000 after buying an additional 8,324 shares during the period. EP Wealth Advisors LLC bought a new stake in Maximus in the third quarter valued at $269,000. Finally, Quadrature Capital Ltd boosted its holdings in shares of Maximus by 6.0% during the third quarter. Quadrature Capital Ltd now owns 10,934 shares of the health services provider’s stock valued at $1,018,000 after acquiring an additional 621 shares during the period. Institutional investors and hedge funds own 97.21% of the company’s stock.

Maximus Stock Performance

Shares of MMS stock opened at $72.94 on Friday. Maximus, Inc. has a 12-month low of $69.72 and a 12-month high of $93.97. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.49 and a quick ratio of 1.49. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of 14.59 and a beta of 0.73. The business has a 50 day simple moving average of $80.70 and a 200 day simple moving average of $86.11.

Maximus Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, November 30th. Investors of record on Friday, November 15th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend was Friday, November 15th. Maximus’s payout ratio is currently 24.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Maximus from a “hold” rating to a “buy” rating in a research report on Thursday.

Insider Activity at Maximus

In other news, CEO Bruce Caswell bought 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was acquired at an average price of $70.64 per share, with a total value of $247,240.00. Following the completion of the purchase, the chief executive officer now directly owns 275,929 shares of the company’s stock, valued at $19,491,624.56. This represents a 1.28 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Raymond B. Ruddy purchased 3,490 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was acquired at an average price of $71.46 per share, for a total transaction of $249,395.40. Following the completion of the transaction, the director now owns 112,520 shares of the company’s stock, valued at $8,040,679.20. This represents a 3.20 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 7,063 shares of company stock worth $502,017 in the last 90 days. Corporate 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.