Citigroup Inc. Acquires 35,012 Shares of Maximus, Inc. (NYSE:MMS)

Citigroup Inc. lifted its position in shares of Maximus, Inc. (NYSE:MMS) by 143.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,448 shares of the health services provider’s stock after purchasing an additional 35,012 shares during the quarter. Citigroup Inc.’s holdings in Maximus were worth $5,538,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its holdings in Maximus by 7.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,153,977 shares of the health services provider’s stock valued at $98,904,000 after purchasing an additional 79,092 shares during the last quarter. Van Berkom & Associates Inc. increased its stake in Maximus by 0.8% during the 2nd quarter. Van Berkom & Associates Inc. now owns 1,146,524 shares of the health services provider’s stock worth $98,257,000 after purchasing an additional 8,811 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Maximus by 12.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 929,066 shares of the health services provider’s stock valued at $86,552,000 after purchasing an additional 102,350 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Maximus by 277.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 878,894 shares of the health services provider’s stock worth $81,878,000 after acquiring an additional 645,760 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Maximus by 1.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 705,400 shares of the health services provider’s stock worth $65,715,000 after buying an additional 8,667 shares during the last quarter. 97.21% of the stock is owned by institutional investors.

Insider Activity

In other 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 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. This represents a 17.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Maximus Stock Up 2.8 %

MMS stock opened at $74.50 on Monday. Maximus, Inc. has a fifty-two week low of $71.75 and a fifty-two week 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 business’s fifty day moving average price is $86.50 and its two-hundred day moving average price is $87.58. The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 14.90 and a beta of 0.77.

Maximus Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, November 30th. Shareholders of record on Friday, November 15th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, November 15th. This represents a $1.20 dividend on an annualized basis and a yield of 1.61%. Maximus’s dividend payout ratio (DPR) is presently 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.