Envestnet Asset Management Inc. Buys 3,707 Shares of Maximus, Inc. (NYSE:MMS)

Envestnet Asset Management Inc. lifted its stake in Maximus, Inc. (NYSE:MMS) by 16.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,387 shares of the health services provider’s stock after acquiring an additional 3,707 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Maximus were worth $1,799,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in MMS. Norges Bank bought a new stake in shares of Maximus in the fourth quarter worth approximately $71,443,000. SG Capital Management LLC bought a new stake in shares of Maximus in the fourth quarter worth approximately $30,285,000. Federated Hermes Inc. grew its stake in shares of Maximus by 74.8% in the fourth quarter. Federated Hermes Inc. now owns 882,953 shares of the health services provider’s stock worth $65,912,000 after acquiring an additional 377,705 shares during the period. Reinhart Partners LLC. grew its stake in shares of Maximus by 65.4% in the first quarter. Reinhart Partners LLC. now owns 911,511 shares of the health services provider’s stock worth $62,156,000 after acquiring an additional 360,365 shares during the period. Finally, Squarepoint Ops LLC bought a new stake in shares of Maximus in the fourth quarter worth approximately $22,661,000. 97.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Maximus from a “buy” rating to a “hold” rating in a research report on Thursday, May 15th.

Insider Buying and Selling at Maximus

In other Maximus news, Director Gayathri Rajan sold 7,913 shares of the company’s stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $72.38, for a total value of $572,742.94. Following the completion of the transaction, the director directly owned 14,205 shares in the company, valued at $1,028,157.90. This represents a 35.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.60% of the stock is currently owned by insiders.

Maximus Stock Performance

Shares of NYSE MMS opened at $71.25 on Thursday. The firm has a 50 day moving average of $71.30 and a 200 day moving average of $70.61. The firm has a market capitalization of $4.01 billion, a price-to-earnings ratio of 14.17 and a beta of 0.61. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.87. Maximus, Inc. has a 12-month low of $63.77 and a 12-month high of $93.97.

Maximus (NYSE:MMS) last announced its quarterly earnings data on Thursday, May 8th. The health services provider reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.64. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.29 billion. Maximus had a return on equity of 23.37% and a net margin of 5.56%. The firm’s revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.57 EPS. On average, research analysts anticipate that Maximus, Inc. will post 6.15 earnings per share for the current year.

Maximus Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, August 31st. Shareholders of record on Friday, August 15th will be given a $0.30 dividend. The ex-dividend date is Friday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.68%. Maximus’s payout ratio is currently 23.86%.

Maximus Company 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.