Assenagon Asset Management S.A. Sells 738,779 Shares of Maximus, Inc. (NYSE:MMS)

Assenagon Asset Management S.A. lowered its stake in shares of Maximus, Inc. (NYSE:MMS - Free Report) by 84.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 140,115 shares of the health services provider's stock after selling 738,779 shares during the quarter. Assenagon Asset Management S.A. owned about 0.23% of Maximus worth $10,460,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Eastern Bank acquired a new stake in shares of Maximus during the 4th quarter worth approximately $29,000. Reinhart Partners LLC. raised its stake in shares of Maximus by 43.5% in the 4th quarter. Reinhart Partners LLC. now owns 551,146 shares of the health services provider's stock valued at $41,143,000 after buying an additional 167,019 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Maximus by 45.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 47,956 shares of the health services provider's stock worth $3,580,000 after acquiring an additional 14,937 shares during the period. Diversified Trust Co boosted its position in shares of Maximus by 24.7% during the 4th quarter. Diversified Trust Co now owns 10,388 shares of the health services provider's stock valued at $775,000 after acquiring an additional 2,056 shares in the last quarter. Finally, Nordea Investment Management AB bought a new stake in Maximus in the fourth quarter valued at about $4,618,000. Institutional investors and hedge funds own 97.21% of the company's stock.

Insiders Place Their Bets

In related news, CEO Bruce Caswell bought 3,500 shares of Maximus stock in a transaction that occurred on Tuesday, December 17th. The stock was purchased at an average cost of $70.64 per share, with a total value of $247,240.00. Following the purchase, the chief executive officer now owns 275,929 shares in the company, valued at approximately $19,491,624.56. This trade represents a 1.28 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michelle F. Link sold 2,208 shares of the company's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $73.83, for a total value of $163,016.64. Following the transaction, the insider now directly owns 6,567 shares of the company's stock, valued at $484,841.61. This represents a 25.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders acquired 7,063 shares of company stock worth $502,017 over the last ninety days. 1.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have issued reports on MMS shares. Raymond James upgraded Maximus from a "market perform" rating to an "outperform" rating and set a $90.00 price objective for the company in a research note on Thursday, January 2nd. StockNews.com cut Maximus from a "buy" rating to a "hold" rating in a report on Friday, December 27th.

Maximus Trading Down 0.4 %

MMS traded down $0.33 during trading on Friday, reaching $78.49. 433,314 shares of the company's stock were exchanged, compared to its average volume of 680,526. The company's fifty day moving average price is $75.64 and its 200-day moving average price is $84.61. The firm has a market capitalization of $4.73 billion, a PE ratio of 15.70 and a beta of 0.73. Maximus, Inc. has a fifty-two week low of $69.72 and a fifty-two week high of $93.97. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.49 and a current ratio of 1.49.

Maximus Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Saturday, February 15th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Friday, February 14th. Maximus's dividend payout ratio is currently 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.