Mitsubishi UFJ Trust & Banking Corp Acquires Shares of 4,540 Maximus, Inc. (NYSE:MMS)

Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of Maximus, Inc. (NYSE:MMS - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 4,540 shares of the health services provider's stock, valued at approximately $339,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Nordea Investment Management AB purchased a new stake in shares of Maximus during the fourth quarter worth approximately $4,618,000. Fort Washington Investment Advisors Inc. OH grew its holdings 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 acquiring an additional 83,390 shares in the last quarter. IFP Advisors Inc increased its position in shares of Maximus by 62.4% in the 4th 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 last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Maximus in the 4th quarter valued at $1,113,000. Finally, Legato Capital Management LLC lifted its position in shares of Maximus by 33.9% during the 4th quarter. Legato Capital Management LLC now owns 32,134 shares of the health services provider's stock worth $2,399,000 after purchasing an additional 8,138 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Ilene R. Baylinson sold 14,500 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $68.14, for a total transaction of $988,030.00. Following the completion of the sale, the insider now owns 2,512 shares in the company, valued at $171,167.68. This represents a 85.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jan Madsen sold 2,439 shares of Maximus stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $67.71, for a total transaction of $165,144.69. Following the completion of the transaction, the director now owns 18,097 shares in the company, valued at approximately $1,225,347.87. This trade represents a 11.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.

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Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. StockNews.com cut Maximus from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. 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 report on Thursday, January 2nd.

Maximus Stock Performance

Shares of MMS stock traded down $1.29 during mid-day trading on Monday, hitting $67.36. 697,844 shares of the stock were exchanged, compared to its average volume of 541,283. Maximus, Inc. has a 12-month low of $63.77 and a 12-month high of $93.97. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.72 and a current ratio of 1.72. The stock has a market capitalization of $3.81 billion, a price-to-earnings ratio of 14.49 and a beta of 0.68. The stock's fifty day simple moving average is $68.94 and its two-hundred day simple moving average is $76.96.

Maximus (NYSE:MMS - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The health services provider reported $1.61 EPS for the quarter, topping the consensus estimate of $1.39 by $0.22. Maximus had a return on equity of 21.95% and a net margin of 5.28%. On average, analysts forecast that Maximus, Inc. will post 6.15 EPS for the current year.

Maximus Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, May 31st. Investors of record on Thursday, May 15th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.78%. Maximus's dividend payout ratio is currently 25.81%.

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.