Net Worth Advisory Group Acquires Shares of 2,785 Maximus, Inc. (NYSE:MMS)

Net Worth Advisory Group bought a new position in shares of Maximus, Inc. (NYSE:MMS) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,785 shares of the health services provider’s stock, valued at approximately $259,000.

Several other hedge funds have also modified their holdings of the stock. Inspire Advisors LLC lifted its holdings in Maximus by 1.4% during the 2nd quarter. Inspire Advisors LLC now owns 8,768 shares of the health services provider’s stock worth $751,000 after buying an additional 121 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings 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 valued at $272,000 after acquiring an additional 136 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in Maximus by 2.4% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 6,479 shares of the health services provider’s stock worth $544,000 after purchasing an additional 149 shares during the period. WR Wealth Planners LLC raised its holdings in Maximus by 4.6% during the 2nd quarter. WR Wealth Planners LLC now owns 4,525 shares of the health services provider’s stock worth $388,000 after purchasing an additional 198 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its position in Maximus by 0.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 52,681 shares of the health services provider’s stock valued at $4,419,000 after purchasing an additional 236 shares during the period. 97.21% of the stock is owned by institutional investors.

Insider Buying and Selling at Maximus

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 transaction of $126,159.28. Following the completion of the transaction, the insider now directly owns 6,567 shares in the company, valued at approximately $607,841.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.40% of the company’s stock.

Maximus Stock Down 0.1 %

Shares of NYSE MMS opened at $89.87 on Monday. Maximus, Inc. has a 1 year low of $72.81 and a 1 year high of $93.97. The firm’s 50-day moving average is $90.04 and its 200-day moving average is $87.21. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $5.46 billion, a PE ratio of 23.59 and a beta of 0.76.

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

Maximus Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, November 30th. Investors of record on Friday, November 15th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.20 dividend on an annualized basis and a yield of 1.34%. Maximus’s dividend payout ratio is presently 31.50%.

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.