Entropy Technologies LP Grows Position in Maximus, Inc. (NYSE:MMS)

Entropy Technologies LP lifted its stake in shares of Maximus, Inc. (NYSE:MMS - Free Report) by 178.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,383 shares of the health services provider's stock after acquiring an additional 4,088 shares during the period. Entropy Technologies LP's holdings in Maximus were worth $476,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MMS. Sanctuary Advisors LLC acquired a new position in shares of Maximus during the 2nd quarter valued at $216,000. Inspire Investing LLC lifted its position in shares of Maximus by 8.1% during the 3rd quarter. Inspire Investing LLC now owns 4,445 shares of the health services provider's stock valued at $414,000 after acquiring an additional 333 shares during the period. Creative Planning lifted its position in shares of Maximus by 7.8% during the 3rd quarter. Creative Planning now owns 16,386 shares of the health services provider's stock valued at $1,527,000 after acquiring an additional 1,181 shares during the period. Kapitalo Investimentos Ltda acquired a new position in shares of Maximus during the 3rd quarter valued at $332,000. Finally, nVerses Capital LLC lifted its position in shares of Maximus by 241.7% during the 3rd quarter. nVerses Capital LLC now owns 4,100 shares of the health services provider's stock valued at $382,000 after acquiring an additional 2,900 shares during the period. Institutional investors and hedge funds own 97.21% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on MMS. StockNews.com downgraded shares of Maximus from a "buy" rating to a "hold" rating in a report on Friday. Raymond James upgraded shares of Maximus from a "market perform" rating to an "outperform" rating and set a $90.00 price objective on the stock in a report on Thursday, January 2nd.

Maximus Stock Up 0.4 %

MMS traded up $0.29 during trading on Friday, hitting $67.69. 711,566 shares of the company's stock were exchanged, compared to its average volume of 679,035. The company has a quick ratio of 1.49, a current ratio of 1.72 and a debt-to-equity ratio of 0.82. The business's 50 day moving average is $74.12 and its two-hundred day moving average is $82.40. Maximus, Inc. has a fifty-two week low of $66.52 and a fifty-two week high of $93.97. The stock has a market cap of $3.87 billion, a P/E ratio of 14.56 and a beta of 0.72.

Maximus (NYSE:MMS - Get Free Report) 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 net margin of 5.28% and a return on equity of 21.95%. As a group, equities analysts expect that Maximus, Inc. will post 6.05 earnings per share for the current fiscal year.

Maximus Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Saturday, February 15th will be paid a $0.30 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.77%. Maximus's payout ratio is 25.81%.

Insider Transactions at Maximus

In related news, insider Michelle F. Link sold 2,208 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $73.83, for a total transaction of $163,016.64. Following the completion of the transaction, the insider now owns 6,567 shares in the company, valued at approximately $484,841.61. This represents a 25.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Bruce Caswell purchased 3,500 shares of Maximus stock in a transaction that occurred on Tuesday, December 17th. The shares were bought at an average price of $70.64 per share, with a total value of $247,240.00. Following the transaction, the chief executive officer now owns 275,929 shares of the company's stock, valued at $19,491,624.56. This trade represents a 1.28 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 7,063 shares of company stock worth $502,017 in the last quarter. 1.60% of the stock is currently owned by corporate insiders.

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.