Captrust Financial Advisors Takes $276,000 Position in Maximus, Inc. (NYSE:MMS)

Captrust Financial Advisors bought a new stake in Maximus, Inc. (NYSE:MMSFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,697 shares of the health services provider’s stock, valued at approximately $276,000.

Other institutional investors have also modified their holdings of the company. UMB Bank n.a. increased its holdings in shares of Maximus by 79.8% in 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 during the period. V Square Quantitative Management LLC increased its holdings in shares of Maximus by 65.9% in the fourth quarter. V Square Quantitative Management LLC now owns 453 shares of the health services provider’s stock valued at $34,000 after purchasing an additional 180 shares during the period. R Squared Ltd acquired a new position in shares of Maximus in the fourth quarter valued at approximately $54,000. IFP Advisors Inc increased 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 purchasing an additional 302 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in shares of Maximus by 109.2% in the fourth quarter. Farther Finance Advisors LLC now owns 820 shares of the health services provider’s stock valued at $61,000 after purchasing an additional 428 shares during the period. Institutional investors and hedge funds own 97.21% of the company’s stock.

Insider Buying and Selling

In related news, Director Jan Madsen sold 2,439 shares of the company’s 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 $1,225,347.87. This represents a 11.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Maximus from a “buy” rating to a “hold” rating in a report on Thursday, May 15th.

Get Our Latest Stock Report on MMS

Maximus Trading Down 1.5%

NYSE:MMS opened at $73.78 on Thursday. The stock’s 50 day simple moving average is $69.18 and its 200-day simple moving average is $72.50. Maximus, Inc. has a 12-month low of $63.77 and a 12-month high of $93.97. The firm has a market cap of $4.16 billion, a P/E ratio of 15.87 and a beta of 0.61. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.82.

Maximus (NYSE:MMSGet Free Report) last announced its quarterly earnings data on Thursday, May 8th. The health services provider reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.64. Maximus had a return on equity of 21.95% and a net margin of 5.28%. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the company posted $1.57 earnings per share. Maximus’s quarterly revenue was up 1.0% on a year-over-year basis. Equities analysts anticipate that Maximus, Inc. will post 6.15 EPS for the current year.

Maximus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, May 31st. Investors of record on Thursday, May 15th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Thursday, May 15th. Maximus’s dividend payout ratio is presently 23.86%.

About Maximus

(Free Report)

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.

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Institutional Ownership by Quarter for Maximus (NYSE:MMS)

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