Washington Capital Management Inc. Has $687,000 Holdings in Maximus, Inc. (NYSE:MMS)

Washington Capital Management Inc. grew its stake in shares of Maximus, Inc. (NYSE:MMS - Free Report) by 67.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,200 shares of the health services provider's stock after buying an additional 3,700 shares during the quarter. Washington Capital Management Inc.'s holdings in Maximus were worth $687,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MMS. Assenagon Asset Management S.A. raised its holdings in Maximus by 277.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 878,894 shares of the health services provider's stock worth $81,878,000 after buying an additional 645,760 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Maximus by 942.9% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 323,300 shares of the health services provider's stock valued at $27,707,000 after purchasing an additional 292,300 shares in the last quarter. Millennium Management LLC boosted its position in shares of Maximus by 150.4% in the second quarter. Millennium Management LLC now owns 406,075 shares of the health services provider's stock worth $34,801,000 after buying an additional 243,890 shares during the period. Reinhart Partners LLC. grew its holdings in shares of Maximus by 43.5% during the fourth quarter. Reinhart Partners LLC. now owns 551,146 shares of the health services provider's stock valued at $41,143,000 after buying an additional 167,019 shares in the last quarter. Finally, Sio Capital Management LLC acquired a new position in Maximus during the third quarter valued at $14,453,000. 97.21% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Michelle F. Link sold 2,208 shares of the company's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $73.83, for a total transaction of $163,016.64. Following the completion of the sale, the insider now owns 6,567 shares in the company, valued at approximately $484,841.61. This represents a 25.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Bruce Caswell acquired 3,500 shares of the business's stock in a transaction that occurred on Tuesday, December 17th. The stock was bought at an average cost of $70.64 per share, for a total transaction of $247,240.00. Following the completion of the purchase, the chief executive officer now directly owns 275,929 shares in the company, valued at $19,491,624.56. This 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 three months. 1.40% of the stock is owned by insiders.

Maximus Stock Up 0.7 %

Shares of NYSE MMS traded up $0.52 during mid-day trading on Thursday, reaching $75.82. The company had a trading volume of 259,358 shares, compared to its average volume of 588,578. The stock has a market capitalization of $4.57 billion, a PE ratio of 15.15 and a beta of 0.73. Maximus, Inc. has a twelve month low of $69.72 and a twelve month high of $93.97. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.49 and a current ratio of 1.49. The stock's 50 day moving average is $74.64 and its 200-day moving average is $84.15.

Maximus Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Saturday, February 15th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Friday, February 14th. Maximus's dividend payout ratio (DPR) is presently 24.00%.

Analyst Ratings Changes

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

About Maximus

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.