Ontario Teachers Pension Plan Board Invests $2.12 Million in Maximus, Inc. (NYSE:MMS)

Ontario Teachers Pension Plan Board acquired a new position in Maximus, Inc. (NYSE:MMS - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 22,792 shares of the health services provider's stock, valued at approximately $2,123,000.

A number of other institutional investors also recently made changes to their positions in MMS. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Maximus by 221.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 47,963 shares of the health services provider's stock worth $4,468,000 after buying an additional 33,063 shares during the period. Quest Partners LLC lifted its position in Maximus by 95.2% in the third quarter. Quest Partners LLC now owns 37,488 shares of the health services provider's stock valued at $3,492,000 after purchasing an additional 18,286 shares during the last quarter. Natixis Advisors LLC purchased a new stake in shares of Maximus during the third quarter valued at approximately $955,000. Entropy Technologies LP bought a new position in shares of Maximus in the third quarter worth approximately $214,000. Finally, Versor Investments LP increased its stake in shares of Maximus by 213.5% in the third quarter. Versor Investments LP now owns 8,500 shares of the health services provider's stock worth $792,000 after buying an additional 5,789 shares during the period. Hedge funds and other institutional investors own 97.21% of the company's stock.

Insiders Place Their Bets

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 sale, the insider now directly owns 6,567 shares in the company, valued at $607,841.52. The trade was a 17.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.40% of the company's stock.

Maximus Trading Up 0.9 %

MMS traded up $0.72 during trading on Wednesday, hitting $80.53. 1,456,258 shares of the stock traded hands, compared to its average volume of 377,718. The firm has a 50-day moving average of $88.64 and a 200 day moving average of $88.13. Maximus, Inc. has a 12-month low of $76.46 and a 12-month high of $93.97. The firm has a market capitalization of $4.85 billion, a P/E ratio of 16.88 and a beta of 0.77. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, November 30th. Shareholders 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 1.49%. The ex-dividend date of this dividend is Friday, November 15th. Maximus's payout ratio is 25.16%.

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.