7,245 Shares in Maximus, Inc. (NYSE:MMS) Acquired by Ieq Capital LLC

Ieq Capital LLC bought a new position in shares of Maximus, Inc. (NYSE:MMS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,245 shares of the health services provider's stock, valued at approximately $541,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nordea Investment Management AB acquired a new position in Maximus during the fourth quarter worth approximately $4,618,000. Fort Washington Investment Advisors Inc. OH grew its position in Maximus by 39.1% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 296,476 shares of the health services provider's stock worth $22,132,000 after purchasing an additional 83,390 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Maximus in the fourth quarter valued at $1,113,000. Versor Investments LP raised its holdings in shares of Maximus by 213.5% in the third quarter. Versor Investments LP now owns 8,500 shares of the health services provider's stock valued at $792,000 after buying an additional 5,789 shares during the last quarter. Finally, Legato Capital Management LLC boosted its stake in shares of Maximus by 33.9% during the fourth quarter. Legato Capital Management LLC now owns 32,134 shares of the health services provider's stock worth $2,399,000 after buying an additional 8,138 shares during the period. 97.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MMS has been the subject of several recent analyst reports. 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 report on Thursday, January 2nd. StockNews.com downgraded Maximus from a "buy" rating to a "hold" rating in a report on Friday, February 14th.

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Maximus Trading Down 2.2 %

Shares of NYSE:MMS traded down $1.48 during trading on Friday, reaching $65.02. The stock had a trading volume of 904,003 shares, compared to its average volume of 466,512. Maximus, Inc. has a fifty-two week low of $63.77 and a fifty-two week high of $93.97. The business has a fifty day moving average price of $73.29 and a 200-day moving average price of $80.95. The stock has a market cap of $3.68 billion, a P/E ratio of 13.98 and a beta of 0.72. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.82.

Maximus (NYSE:MMS - Get Free Report) last announced 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 net margin of 5.28% and a return on equity of 21.95%. As a group, analysts anticipate that Maximus, Inc. will post 6.15 earnings per share for the current fiscal year.

Maximus Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Saturday, February 15th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.85%. The ex-dividend date was Friday, February 14th. Maximus's payout ratio is 25.81%.

Insider Activity

In other Maximus news, insider Ilene R. Baylinson sold 14,500 shares of the business's stock in a transaction 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 transaction, the insider now owns 2,512 shares in the company, valued at $171,167.68. The trade was a 85.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Raymond B. Ruddy bought 3,490 shares of the company's stock in a transaction dated Thursday, December 12th. The shares were acquired at an average cost of $71.46 per share, for a total transaction of $249,395.40. Following the completion of the transaction, the director now owns 112,520 shares of the company's stock, valued at approximately $8,040,679.20. The trade was a 3.20 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.60% of the company's stock.

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.