Inspire Investing LLC Buys 929 Shares of Maximus, Inc. (NYSE:MMS)

Inspire Investing LLC raised its stake in Maximus, Inc. (NYSE:MMS) by 20.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,374 shares of the health services provider’s stock after acquiring an additional 929 shares during the quarter. Inspire Investing LLC’s holdings in Maximus were worth $401,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Maximus by 942.9% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 323,300 shares of the health services provider’s stock valued at $27,707,000 after purchasing an additional 292,300 shares during the last quarter. Nordea Investment Management AB bought a new stake in Maximus in the 4th quarter valued at $4,618,000. Versor Investments LP grew its holdings in Maximus by 213.5% in the 3rd quarter. Versor Investments LP now owns 8,500 shares of the health services provider’s stock valued at $792,000 after buying an additional 5,789 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Maximus by 12.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 929,066 shares of the health services provider’s stock worth $86,552,000 after buying an additional 102,350 shares during the period. Finally, Citigroup Inc. lifted its holdings in shares of Maximus by 143.3% during the third quarter. Citigroup Inc. now owns 59,448 shares of the health services provider’s stock worth $5,538,000 after buying an additional 35,012 shares in the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MMS has been the topic of several research reports. StockNews.com downgraded shares of Maximus from a “buy” rating to a “hold” rating in a research note on Friday, December 27th. Raymond James upgraded shares of Maximus from a “market perform” rating to an “outperform” rating and set a $90.00 target price on the stock in a research report on Thursday, January 2nd.

Maximus Price Performance

Maximus stock opened at $76.32 on Monday. The firm has a market cap of $4.60 billion, a PE ratio of 15.26 and a beta of 0.73. 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 stock’s fifty day moving average price is $74.82 and its two-hundred day moving average price is $84.35. Maximus, Inc. has a one year low of $69.72 and a one year high of $93.97.

Maximus Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Saturday, February 15th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Friday, February 14th. Maximus’s dividend payout ratio (DPR) is presently 24.00%.

Insider Buying and Selling

In other Maximus news, Director Raymond B. Ruddy purchased 3,490 shares of the stock in a transaction dated Thursday, December 12th. The stock was bought at an average price of $71.46 per share, with a total value of $249,395.40. Following the acquisition, the director now owns 112,520 shares of the company’s stock, valued at approximately $8,040,679.20. This represents a 3.20 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Bruce Caswell acquired 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were acquired at an average price of $70.64 per share, with a total value of $247,240.00. Following the completion of the transaction, the chief executive officer now owns 275,929 shares in the company, valued at $19,491,624.56. The trade was a 1.28 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 7,063 shares of company stock valued at $502,017 over the last quarter. 1.40% of the stock is owned by company insiders.

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.