Maximus, Inc. (NYSE:MMS) Shares Acquired by Bridge City Capital LLC

Bridge City Capital LLC boosted its holdings in Maximus, Inc. (NYSE:MMS) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,503 shares of the health services provider’s stock after acquiring an additional 254 shares during the quarter. Bridge City Capital LLC’s holdings in Maximus were worth $2,128,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its stake in shares of Maximus by 79.8% during the fourth quarter. UMB Bank n.a. now owns 356 shares of the health services provider’s stock valued at $27,000 after purchasing an additional 158 shares in the last quarter. Eastern Bank bought a new stake in shares of Maximus during the 4th quarter worth about $29,000. V Square Quantitative Management LLC raised its position in shares of Maximus by 65.9% during the 4th quarter. V Square Quantitative Management LLC now owns 453 shares of the health services provider’s stock worth $34,000 after buying an additional 180 shares in the last quarter. R Squared Ltd bought a new position in shares of Maximus in the fourth quarter valued at approximately $54,000. Finally, IFP Advisors Inc boosted its holdings in shares of Maximus by 62.4% in the fourth quarter. IFP Advisors Inc now owns 786 shares of the health services provider’s stock valued at $59,000 after acquiring an additional 302 shares in the last quarter. Institutional investors own 97.21% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Maximus

In related news, insider Ilene R. Baylinson sold 14,500 shares of the firm’s stock in a transaction that occurred on 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 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 accessible through this hyperlink. Also, Director Jan Madsen sold 2,439 shares of the business’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $67.71, for a total transaction of $165,144.69. Following the sale, the director now directly owns 18,097 shares in the company, valued at approximately $1,225,347.87. This trade represents a 11.88 % 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.

Maximus Stock Down 0.1 %

MMS stock opened at $67.12 on Friday. The firm has a market cap of $3.80 billion, a PE ratio of 14.43 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 company has a debt-to-equity ratio of 0.82, a current ratio of 1.72 and a quick ratio of 1.72. The firm has a 50 day simple moving average of $71.07 and a 200 day simple moving average of $78.55.

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

Maximus Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Saturday, February 15th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.20 annualized dividend and a yield of 1.79%. Maximus’s payout ratio is presently 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.