Connor Clark & Lunn Investment Management Ltd. Purchases 33,063 Shares of Maximus, Inc. (NYSE:MMS)

Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Maximus, Inc. (NYSE:MMS) by 221.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,963 shares of the health services provider’s stock after purchasing an additional 33,063 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.08% of Maximus worth $4,468,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new position in shares of Maximus during the 3rd quarter valued at $25,000. GAMMA Investing LLC boosted its holdings in Maximus by 224.5% during the 2nd quarter. GAMMA Investing LLC now owns 344 shares of the health services provider’s stock valued at $29,000 after acquiring an additional 238 shares during the period. Blue Trust Inc. grew its position in Maximus by 201.5% during the 2nd quarter. Blue Trust Inc. now owns 392 shares of the health services provider’s stock worth $33,000 after acquiring an additional 262 shares during the last quarter. Archer Investment Corp increased its stake in Maximus by 8,788.9% in the 2nd 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 bought a new stake in Maximus in the second quarter valued at approximately $90,000. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Michelle F. Link sold 1,363 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was 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 owns 6,567 shares of the company’s stock, valued at $607,841.52. This trade represents a 17.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.40% of the company’s stock.

Maximus Stock Down 2.5 %

Shares of Maximus stock opened at $73.09 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.59 and a current ratio of 1.49. Maximus, Inc. has a 52-week low of $71.90 and a 52-week high of $93.97. The company’s 50 day moving average price is $88.09 and its 200-day moving average price is $87.99. The stock has a market capitalization of $4.40 billion, a price-to-earnings ratio of 14.62 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. Shareholders of record on Friday, November 15th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Friday, November 15th. Maximus’s dividend payout ratio (DPR) is presently 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.