Sio Capital Management LLC Invests $14.45 Million in Maximus, Inc. (NYSE:MMS)

Sio Capital Management LLC bought a new position in Maximus, Inc. (NYSE:MMS - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 155,142 shares of the health services provider's stock, valued at approximately $14,453,000. Maximus makes up about 5.7% of Sio Capital Management LLC's investment portfolio, making the stock its 3rd biggest position. Sio Capital Management LLC owned 0.26% of Maximus at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. V Square Quantitative Management LLC acquired a new position in Maximus during the third quarter valued at $25,000. GAMMA Investing LLC increased its holdings in shares of Maximus by 224.5% in the 2nd quarter. GAMMA Investing LLC now owns 344 shares of the health services provider's stock valued at $29,000 after purchasing an additional 238 shares during the period. Blue Trust Inc. lifted its position in shares of Maximus by 201.5% in the second quarter. Blue Trust Inc. now owns 392 shares of the health services provider's stock worth $33,000 after purchasing an additional 262 shares in the last quarter. Archer Investment Corp boosted its holdings 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 purchasing an additional 791 shares during the period. Finally, Ariadne Wealth Management LP purchased a new position in Maximus during the second quarter valued at approximately $90,000. 97.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Maximus from a "buy" rating to a "hold" rating in a research report on Thursday.

Insider Buying and Selling

In related news, insider Michelle F. Link sold 1,363 shares of the company's stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $92.56, for a total value of $126,159.28. Following the completion of the sale, the insider now directly owns 6,567 shares in the company, valued at approximately $607,841.52. This represents a 17.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.40% of the stock is currently owned by corporate insiders.

Maximus Stock Up 2.8 %

MMS traded up $2.00 during trading on Friday, reaching $74.50. 707,094 shares of the stock traded hands, compared to its average volume of 409,477. The stock's 50-day simple moving average is $86.81 and its two-hundred day simple moving average is $87.64. 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 fifty-two week low of $71.75 and a fifty-two week high of $93.97. The stock has a market cap of $4.49 billion, a price-to-earnings ratio of 14.90 and a beta of 0.77.

Maximus Announces Dividend

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 paid a $0.30 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.20 annualized dividend and a dividend yield of 1.61%. Maximus's payout ratio is 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.