Edgestream Partners L.P. Acquires Shares of 7,608 Maximus, Inc. (NYSE:MMS)

Edgestream Partners L.P. acquired a new stake in shares of Maximus, Inc. (NYSE:MMS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,608 shares of the health services provider’s stock, valued at approximately $568,000.

Several other institutional investors have also bought and sold shares of MMS. UMB Bank n.a. lifted its holdings in shares of Maximus by 79.8% in the 4th quarter. UMB Bank n.a. now owns 356 shares of the health services provider’s stock worth $27,000 after acquiring an additional 158 shares during the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of Maximus by 65.9% in the 4th quarter. V Square Quantitative Management LLC now owns 453 shares of the health services provider’s stock worth $34,000 after acquiring an additional 180 shares during the last quarter. Petrus Trust Company LTA lifted its holdings in shares of Maximus by 2.7% in the 3rd quarter. Petrus Trust Company LTA now owns 7,084 shares of the health services provider’s stock worth $660,000 after acquiring an additional 185 shares during the last quarter. Holocene Advisors LP lifted its holdings in shares of Maximus by 6.5% in the 3rd quarter. Holocene Advisors LP now owns 3,927 shares of the health services provider’s stock worth $366,000 after acquiring an additional 239 shares during the last quarter. Finally, MML Investors Services LLC lifted its holdings in shares of Maximus by 6.5% in the 3rd quarter. MML Investors Services LLC now owns 4,870 shares of the health services provider’s stock worth $454,000 after acquiring an additional 299 shares during the last quarter. Institutional investors own 97.21% of the company’s stock.

Insider Buying and Selling at Maximus

In other Maximus news, insider Ilene R. Baylinson sold 14,500 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $68.14, for a total transaction of $988,030.00. Following the transaction, the insider now owns 2,512 shares of the company’s stock, valued at approximately $171,167.68. This trade represents a 85.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Bruce Caswell purchased 3,500 shares of the stock in a transaction dated Tuesday, December 17th. The stock was purchased at an average price of $70.64 per share, for a total transaction of $247,240.00. Following the completion of the acquisition, the chief executive officer now directly owns 275,929 shares in the company, valued at approximately $19,491,624.56. This represents a 1.28 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on MMS shares. Raymond James upgraded shares of Maximus from a “market perform” rating to an “outperform” rating and set a $90.00 target price for the company in a report 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.

Maximus Trading Down 3.1 %

MMS stock opened at $66.45 on Thursday. The company has a market capitalization of $3.76 billion, a PE ratio of 14.29 and a beta of 0.71. Maximus, Inc. has a 12 month low of $63.77 and a 12 month high of $93.97. The firm’s 50-day moving average is $72.56 and its 200 day moving average is $79.84. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.72 and a quick ratio of 1.72.

Maximus (NYSE:MMS) last posted its quarterly earnings results on Thursday, February 6th. The health services provider reported $1.61 EPS for the quarter, topping 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%. On average, research analysts anticipate that Maximus, Inc. will post 6.15 EPS for the current year.

Maximus Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Saturday, February 15th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date was Friday, February 14th. Maximus’s dividend payout ratio (DPR) is 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.