Sio Capital Management LLC Acquires New Shares in Maximus, Inc. (NYSE:MMS)

Sio Capital Management LLC bought a new position in Maximus, Inc. (NYSE:MMS) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 155,142 shares of the health services provider’s stock, valued at approximately $14,453,000. Maximus accounts for approximately 5.7% of Sio Capital Management LLC’s investment portfolio, making the stock its 3rd biggest holding. Sio Capital Management LLC owned approximately 0.26% of Maximus as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in MMS. V Square Quantitative Management LLC purchased a new position in shares of Maximus during the 3rd quarter valued at $25,000. GAMMA Investing LLC lifted its position in Maximus by 224.5% in the 2nd quarter. GAMMA Investing LLC now owns 344 shares of the health services provider’s stock worth $29,000 after buying an additional 238 shares during the last quarter. Blue Trust Inc. grew its position in Maximus by 201.5% during 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 during the last quarter. Archer Investment Corp raised its stake in shares of Maximus by 8,788.9% during 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 in the last quarter. Finally, Ariadne Wealth Management LP bought a new stake in shares of Maximus in the 2nd quarter worth approximately $90,000. Institutional investors own 97.21% of the company’s stock.

Maximus Trading Down 0.5 %

Shares of MMS stock opened at $72.50 on Friday. The business has a 50-day moving average of $87.17 and a 200 day moving average of $87.75. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.49 and a quick ratio of 1.49. Maximus, Inc. has a 1-year low of $71.75 and a 1-year high of $93.97. The stock has a market capitalization of $4.37 billion, a PE ratio of 14.50 and a beta of 0.77.

Maximus Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, November 30th. Investors of record on Friday, November 15th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, November 15th. This represents a $1.20 dividend on an annualized basis and a yield of 1.66%. Maximus’s dividend payout ratio is currently 24.00%.

Insider Activity

In other news, insider Michelle F. Link sold 1,363 shares of Maximus 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 sale, the insider now owns 6,567 shares of the company’s stock, valued at approximately $607,841.52. The trade was a 17.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 report on Thursday.

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.