Ontario Teachers Pension Plan Board Takes $342,000 Position in Maximus, Inc. (NYSE:MMS)

Ontario Teachers Pension Plan Board purchased a new stake in Maximus, Inc. (NYSE:MMS) during the fourth quarter, Holdings Channel reports. The firm purchased 4,073 shares of the health services provider’s stock, valued at approximately $342,000.

Other institutional investors have also modified their holdings of the company. VisionPoint Advisory Group LLC boosted its holdings in shares of Maximus by 61.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 381 shares of the health services provider’s stock valued at $28,000 after buying an additional 145 shares in the last quarter. Anchor Investment Management LLC bought a new stake in shares of Maximus in the 4th quarter valued at about $32,000. Planned Solutions Inc. bought a new stake in shares of Maximus in the 4th quarter valued at about $59,000. Fifth Third Bancorp boosted its holdings in shares of Maximus by 57.9% in the 4th quarter. Fifth Third Bancorp now owns 998 shares of the health services provider’s stock valued at $84,000 after buying an additional 366 shares in the last quarter. Finally, NBC Securities Inc. bought a new stake in shares of Maximus in the 3rd quarter valued at about $85,000. 97.21% of the stock is currently owned by institutional investors.

Maximus Stock Down 0.2 %

MMS stock opened at $85.96 on Monday. The firm has a 50 day moving average of $82.74 and a 200 day moving average of $82.57. The stock has a market capitalization of $5.23 billion, a PE ratio of 22.56 and a beta of 0.72. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.63. Maximus, Inc. has a 52 week low of $72.39 and a 52 week high of $90.65.

Maximus (NYSE:MMS) last announced its quarterly earnings data on Wednesday, May 8th. The health services provider reported $1.57 EPS for the quarter, beating the consensus estimate of $1.31 by $0.26. Maximus had a net margin of 4.58% and a return on equity of 18.02%. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the business posted $0.80 EPS. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. Sell-side analysts forecast that Maximus, Inc. will post 5.85 earnings per share for the current year.

Maximus Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend is Tuesday, May 14th. Maximus’s payout ratio is 31.50%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Maximus from a “hold” rating to a “buy” rating in a research note on Thursday, February 8th.

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.