Cerity Partners LLC Purchases 1,107 Shares of Maximus, Inc. (NYSE:MMS)

Cerity Partners LLC grew its position in Maximus, Inc. (NYSE:MMS) by 1.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 111,915 shares of the health services provider’s stock after purchasing an additional 1,107 shares during the quarter. Cerity Partners LLC’s holdings in Maximus were worth $10,426,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Quadrature Capital Ltd bought a new position in shares of Maximus during the 1st quarter worth about $238,000. Price T Rowe Associates Inc. MD boosted its holdings in Maximus by 6.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 38,100 shares of the health services provider’s stock worth $3,197,000 after acquiring an additional 2,322 shares in the last quarter. Bayesian Capital Management LP acquired a new stake in Maximus in the first quarter valued at approximately $512,000. Tidal Investments LLC increased its holdings in shares of Maximus by 238.9% during the first quarter. Tidal Investments LLC now owns 12,763 shares of the health services provider’s stock valued at $1,071,000 after acquiring an additional 8,997 shares in the last quarter. Finally, Virtu Financial LLC raised its position in shares of Maximus by 16.4% during the first quarter. Virtu Financial LLC now owns 3,610 shares of the health services provider’s stock worth $303,000 after purchasing an additional 508 shares during the period. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Maximus Stock Performance

NYSE MMS opened at $72.90 on Wednesday. The company has a market cap of $4.39 billion, a P/E ratio of 14.58 and a beta of 0.77. The company has a fifty day simple moving average of $87.80 and a 200 day simple moving average of $87.94. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.59. Maximus, Inc. has a 12-month low of $71.90 and a 12-month high of $93.97.

Maximus Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, November 30th. Stockholders of record on Friday, November 15th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.65%. The ex-dividend date is Friday, November 15th. Maximus’s payout ratio is presently 24.00%.

Insider Buying and Selling

In related news, insider Michelle F. Link sold 1,363 shares of Maximus stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $92.56, for a total transaction of $126,159.28. Following the transaction, the insider now owns 6,567 shares of the company’s stock, valued at $607,841.52. The trade was a 17.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is currently owned by company insiders.

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.