Assenagon Asset Management S.A. Buys 645,760 Shares of Maximus, Inc. (NYSE:MMS)

Assenagon Asset Management S.A. grew its stake in shares of Maximus, Inc. (NYSE:MMS) by 277.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 878,894 shares of the health services provider’s stock after acquiring an additional 645,760 shares during the period. Assenagon Asset Management S.A. owned about 1.45% of Maximus worth $81,878,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in Maximus during the 3rd quarter worth $25,000. GAMMA Investing LLC increased its stake in shares of Maximus by 224.5% during the second quarter. GAMMA Investing LLC now owns 344 shares of the health services provider’s stock valued at $29,000 after buying an additional 238 shares during the period. Blue Trust Inc. raised its holdings in shares of Maximus by 201.5% in the second quarter. Blue Trust Inc. now owns 392 shares of the health services provider’s stock valued at $33,000 after acquiring an additional 262 shares in the last quarter. Archer Investment Corp lifted its stake in Maximus by 8,788.9% in the second quarter. Archer Investment Corp now owns 800 shares of the health services provider’s stock worth $69,000 after acquiring an additional 791 shares during the period. Finally, Ariadne Wealth Management LP bought a new position in Maximus during the 2nd quarter worth about $90,000. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Insider Buying and Selling at Maximus

In other Maximus news, insider Michelle F. Link sold 1,363 shares of the stock in a transaction dated 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 sale, the insider now directly owns 6,567 shares of the company’s stock, valued at approximately $607,841.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is owned by insiders.

Maximus Stock Up 0.3 %

NYSE MMS traded up $0.28 during trading on Thursday, reaching $87.27. 77,385 shares of the company’s stock traded hands, compared to its average volume of 345,123. The company’s 50 day simple moving average is $90.06 and its two-hundred day simple moving average is $87.35. Maximus, Inc. has a 12-month low of $72.81 and a 12-month high of $93.97. The firm has a market cap of $5.31 billion, a price-to-earnings ratio of 22.84 and a beta of 0.76. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.59 and a quick ratio of 1.59.

Maximus (NYSE:MMS) last issued its quarterly earnings data on Wednesday, August 7th. The health services provider reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.27. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Maximus had a net margin of 5.59% and a return on equity of 20.91%. Maximus’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.78 earnings per share. As a group, sell-side analysts forecast that Maximus, Inc. will post 6.12 EPS for the current fiscal year.

Maximus Dividend Announcement

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 given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Friday, November 15th. Maximus’s payout ratio is currently 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.