Martingale Asset Management L P Raises Stock Position in Maximus, Inc. (NYSE:MMS)

Martingale Asset Management L P grew its holdings in shares of Maximus, Inc. (NYSE:MMS) by 6.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 33,384 shares of the health services provider’s stock after acquiring an additional 2,106 shares during the quarter. Martingale Asset Management L P’s holdings in Maximus were worth $2,492,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MMS. EP Wealth Advisors LLC purchased a new stake in Maximus during the third quarter valued at approximately $269,000. MML Investors Services LLC increased its position in shares of Maximus by 6.5% during the 3rd quarter. MML Investors Services LLC now owns 4,870 shares of the health services provider’s stock valued at $454,000 after purchasing an additional 299 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Maximus during the 3rd quarter valued at $1,008,000. Public Employees Retirement System of Ohio bought a new stake in Maximus in the third quarter worth $159,000. Finally, Barclays PLC boosted its stake in Maximus by 285.1% during the third quarter. Barclays PLC now owns 170,971 shares of the health services provider’s stock worth $15,927,000 after buying an additional 126,573 shares during the period. Institutional investors own 97.21% of the company’s stock.

Maximus Price Performance

MMS opened at $67.57 on Friday. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.82. The business has a fifty day moving average of $68.03 and a 200 day moving average of $76.32. Maximus, Inc. has a 52-week low of $63.77 and a 52-week high of $93.97. The stock has a market cap of $3.82 billion, a P/E ratio of 14.53 and a beta of 0.68.

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 analysts’ consensus estimates of $1.39 by $0.22. Maximus had a net margin of 5.28% and a return on equity of 21.95%. As a group, sell-side analysts anticipate that Maximus, Inc. will post 6.15 EPS for the current year.

Maximus Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, May 31st. Stockholders of record on Thursday, May 15th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend is Thursday, May 15th. Maximus’s dividend payout ratio (DPR) is presently 25.81%.

Insider Activity

In other news, Director Jan Madsen sold 2,439 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $67.71, for a total transaction of $165,144.69. Following the transaction, the director now owns 18,097 shares of the company’s stock, valued at approximately $1,225,347.87. This represents a 11.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ilene R. Baylinson sold 14,500 shares of Maximus stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $68.14, for a total value 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. The trade was a 85.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

MMS has been the topic of several recent analyst reports. StockNews.com downgraded shares of Maximus from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Raymond James raised shares of Maximus from a “market perform” rating to an “outperform” rating and set a $90.00 price objective for the company in a research note on Thursday, January 2nd.

About Maximus

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.