Vise Technologies Inc. Makes New Investment in Maximus, Inc. $MMS

Vise Technologies Inc. bought a new stake in Maximus, Inc. (NYSE:MMS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,451 shares of the health services provider’s stock, valued at approximately $556,000.

Other institutional investors have also recently made changes to their positions in the company. Root Financial Partners LLC bought a new stake in shares of Maximus in the 3rd quarter worth about $26,000. Integrated Wealth Concepts LLC bought a new position in Maximus during the 2nd quarter valued at about $34,000. Global Retirement Partners LLC bought a new position in Maximus during the 2nd quarter valued at about $40,000. Archer Investment Corp bought a new position in Maximus during the 2nd quarter valued at about $43,000. Finally, Farther Finance Advisors LLC raised its position in Maximus by 469.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,743 shares of the health services provider’s stock worth $93,000 after purchasing an additional 1,437 shares during the period. Institutional investors own 97.21% of the company’s stock.

Insider Activity

In other news, insider Michelle Link sold 3,208 shares of the company’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $54.23, for a total value of $173,969.84. Following the transaction, the insider directly owned 13,881 shares in the company, valued at approximately $752,766.63. This represents a 18.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on MMS shares. Wall Street Zen downgraded shares of Maximus from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings restated a “hold (c-)” rating on shares of Maximus in a research report on Monday, August 17th. Finally, Zacks Research upgraded Maximus from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 1st. Two equities research analysts have rated the stock with a Hold rating. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Maximus Stock Performance

Shares of Maximus stock opened at $65.37 on Thursday. The stock’s fifty day moving average is $59.20 and its two-hundred day moving average is $63.89. The company has a market capitalization of $3.42 billion, a PE ratio of 9.66 and a beta of 0.57. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.90. Maximus, Inc. has a 52 week low of $51.04 and a 52 week high of $100.00.

Maximus Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, November 13th. Maximus’s payout ratio is currently 19.50%.

About Maximus

Maximus, Inc. provides technology-enabled services to government agencies, helping them administer public programs and deliver services to residents. Its work includes managing contact centers, processing applications and eligibility determinations, conducting health assessments, and supporting appeals and other case-management functions. The company serves clients in the United States and internationally, including government agencies in the United Kingdom, Canada and Australia. Its services span health and human services programs as well as federal government operations, with technology and digital services supporting its program work.