Maximus, Inc. (NYSE:MMS) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in Maximus, Inc. (NYSE:MMS - Free Report) by 8.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 223,766 shares of the health services provider's stock after buying an additional 18,143 shares during the quarter. JPMorgan Chase & Co. owned about 0.37% of Maximus worth $20,846,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its stake in shares of Maximus by 277.0% in the third quarter. Assenagon Asset Management S.A. now owns 878,894 shares of the health services provider's stock valued at $81,878,000 after buying an additional 645,760 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Maximus by 942.9% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 323,300 shares of the health services provider's stock worth $27,707,000 after purchasing an additional 292,300 shares in the last quarter. Millennium Management LLC grew its stake in shares of Maximus by 150.4% during the 2nd quarter. Millennium Management LLC now owns 406,075 shares of the health services provider's stock worth $34,801,000 after purchasing an additional 243,890 shares during the period. Sio Capital Management LLC purchased a new position in shares of Maximus in the 3rd quarter valued at about $14,453,000. Finally, Algert Global LLC acquired a new stake in shares of Maximus in the second quarter valued at about $12,424,000. Hedge funds and other institutional investors own 97.21% of the company's stock.

Analysts Set New Price Targets

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

Maximus Price Performance

Shares of Maximus stock traded up $0.28 on Thursday, hitting $77.57. The company's stock had a trading volume of 577,578 shares, compared to its average volume of 657,096. The company has a market capitalization of $4.68 billion, a P/E ratio of 15.51 and a beta of 0.73. Maximus, Inc. has a 52-week low of $69.72 and a 52-week high of $93.97. The firm has a fifty day moving average price of $76.98 and a 200-day moving average price of $84.99. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.59.

Maximus Announces Dividend

The business 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 dividend of $0.30 per share. The ex-dividend date is Friday, February 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.55%. Maximus's dividend payout ratio is currently 24.00%.

Insider Activity at Maximus

In other news, CEO Bruce Caswell purchased 3,500 shares of the stock in a transaction dated Tuesday, December 17th. The stock was acquired at an average cost of $70.64 per share, for a total transaction of $247,240.00. Following the completion of the acquisition, the chief executive officer now directly owns 275,929 shares in the company, valued at $19,491,624.56. This represents a 1.28 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Raymond B. Ruddy acquired 3,490 shares of Maximus stock in a transaction that occurred on Thursday, December 12th. The shares were purchased at an average cost of $71.46 per share, for a total transaction of $249,395.40. Following the purchase, the director now directly owns 112,520 shares of the company's stock, valued at approximately $8,040,679.20. This trade represents a 3.20 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 7,063 shares of company stock valued at $502,017. 1.40% of the stock is owned by corporate 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.