Maximus, Inc. (NYSE:MMS) Stock Holdings Lifted by Rhumbline Advisers

Rhumbline Advisers raised its stake in Maximus, Inc. (NYSE:MMS) by 6.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 205,259 shares of the health services provider’s stock after buying an additional 11,772 shares during the period. Rhumbline Advisers’ holdings in Maximus were worth $15,323,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. UMB Bank n.a. increased its holdings in shares of Maximus by 79.8% in the fourth quarter. UMB Bank n.a. now owns 356 shares of the health services provider’s stock valued at $27,000 after buying an additional 158 shares in the last quarter. Eastern Bank acquired a new stake in Maximus during the 4th quarter valued at $29,000. V Square Quantitative Management LLC raised its stake in Maximus by 65.9% during the 4th quarter. V Square Quantitative Management LLC now owns 453 shares of the health services provider’s stock valued at $34,000 after purchasing an additional 180 shares during the period. R Squared Ltd acquired a new stake in Maximus during the 4th quarter valued at $54,000. Finally, Quarry LP raised its stake in Maximus by 48.0% during the 3rd quarter. Quarry LP now owns 1,017 shares of the health services provider’s stock valued at $95,000 after purchasing an additional 330 shares during the period. Institutional investors own 97.21% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on MMS shares. Raymond James raised shares of Maximus from a “market perform” rating to an “outperform” rating and set a $90.00 target price on the stock in a research note on Thursday, January 2nd. StockNews.com downgraded shares of Maximus from a “buy” rating to a “hold” rating in a research note on Friday, February 14th.

Insider Activity

In related news, insider Michelle F. Link sold 2,208 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $73.83, for a total value of $163,016.64. Following the completion of the sale, the insider now directly owns 6,567 shares in the company, valued at approximately $484,841.61. This represents a 25.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Ilene R. Baylinson sold 14,500 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $68.14, for a total transaction of $988,030.00. Following the completion of the sale, the insider now owns 2,512 shares of the company’s stock, valued at $171,167.68. This represents a 85.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have purchased a total of 7,063 shares of company stock worth $502,017 in the last ninety days. Corporate insiders own 1.60% of the company’s stock.

Maximus Price Performance

Shares of NYSE:MMS opened at $65.95 on Friday. The company’s fifty day moving average is $73.79 and its two-hundred day moving average is $81.67. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.82. Maximus, Inc. has a 12-month low of $64.53 and a 12-month high of $93.97. The company has a market cap of $3.73 billion, a P/E ratio of 14.18 and a beta of 0.72.

Maximus (NYSE:MMS) last posted its quarterly earnings results on Thursday, February 6th. The health services provider reported $1.61 EPS for the quarter, beating the consensus estimate of $1.39 by $0.22. Maximus had a net margin of 5.28% and a return on equity of 21.95%. Equities analysts expect that Maximus, Inc. will post 6.15 earnings per share for the current fiscal year.

Maximus Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Saturday, February 15th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend is Friday, February 14th. Maximus’s dividend payout ratio is currently 25.81%.

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.