Maximus, Inc. (NYSE:MMS) Shares Bought by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund raised its position in Maximus, Inc. (NYSE:MMS) by 942.9% during the second quarter, HoldingsChannel reports. The firm owned 323,300 shares of the health services provider’s stock after buying an additional 292,300 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Maximus were worth $27,707,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of MMS. Assenagon Asset Management S.A. increased its holdings in Maximus by 151.6% in the second quarter. Assenagon Asset Management S.A. now owns 233,134 shares of the health services provider’s stock valued at $19,980,000 after buying an additional 140,481 shares during the last quarter. Tidal Investments LLC boosted its position in shares of Maximus by 238.9% during the 1st quarter. Tidal Investments LLC now owns 12,763 shares of the health services provider’s stock worth $1,071,000 after acquiring an additional 8,997 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Maximus by 609.6% in the 2nd quarter. SG Americas Securities LLC now owns 14,278 shares of the health services provider’s stock valued at $1,224,000 after acquiring an additional 12,266 shares during the last quarter. Entropy Technologies LP acquired a new stake in shares of Maximus during the 1st quarter worth about $491,000. Finally, Vanguard Group Inc. lifted its stake in Maximus by 2.4% during the first quarter. Vanguard Group Inc. now owns 6,208,839 shares of the health services provider’s stock worth $520,922,000 after purchasing an additional 145,983 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Maximus Stock Performance

Shares of MMS opened at $91.12 on Friday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.61. Maximus, Inc. has a 52-week low of $72.39 and a 52-week high of $93.97. The stock has a 50 day moving average price of $90.01 and a 200 day moving average price of $86.58. The company has a market capitalization of $5.54 billion, a price-to-earnings ratio of 23.92 and a beta of 0.76.

Maximus (NYSE:MMS) last posted its earnings results on Wednesday, August 7th. The health services provider reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.27. Maximus had a net margin of 5.59% and a return on equity of 20.91%. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the firm posted $0.78 EPS. The company’s revenue was up 10.6% on a year-over-year basis. Research analysts predict that Maximus, Inc. will post 6.12 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Michelle F. Link sold 1,363 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $92.56, for a total value of $126,159.28. Following the completion of the sale, the insider now directly owns 6,567 shares of the company’s stock, valued at approximately $607,841.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.40% of the company’s stock.

About Maximus

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.