Maximus, Inc. (NYSE:MMS) Holdings Boosted by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board lifted its holdings in shares of Maximus, Inc. (NYSE:MMS - Free Report) by 76.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 40,330 shares of the health services provider's stock after purchasing an additional 17,538 shares during the quarter. Ontario Teachers Pension Plan Board owned about 0.07% of Maximus worth $3,011,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in Maximus in the 4th quarter worth about $71,443,000. Federated Hermes Inc. grew its holdings in Maximus by 74.8% in the fourth quarter. Federated Hermes Inc. now owns 882,953 shares of the health services provider's stock valued at $65,912,000 after purchasing an additional 377,705 shares during the period. Vanguard Group Inc. raised its stake in Maximus by 3.2% during the fourth quarter. Vanguard Group Inc. now owns 6,548,284 shares of the health services provider's stock worth $488,829,000 after purchasing an additional 205,564 shares during the period. Reinhart Partners LLC. boosted its holdings in Maximus by 43.5% in the fourth quarter. Reinhart Partners LLC. now owns 551,146 shares of the health services provider's stock valued at $41,143,000 after acquiring an additional 167,019 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in Maximus by 66.6% during the fourth quarter. Renaissance Technologies LLC now owns 403,600 shares of the health services provider's stock worth $30,129,000 after buying an additional 161,400 shares during the period. Hedge funds and other institutional investors own 97.21% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Raymond James raised Maximus from a "market perform" rating to an "outperform" rating and set a $90.00 price target on the stock in a research report on Thursday, January 2nd. StockNews.com downgraded shares of Maximus from a "buy" rating to a "hold" rating in a research note on Friday, February 14th.

Insider Transactions at Maximus

In related news, insider Ilene R. Baylinson sold 14,500 shares of Maximus stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $68.14, for a total value of $988,030.00. Following the sale, the insider now directly owns 2,512 shares in the company, valued at $171,167.68. This trade represents a 85.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jan Madsen sold 2,439 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $67.71, for a total value of $165,144.69. Following the completion of the transaction, the director now directly owns 18,097 shares of the company's stock, valued at $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. Insiders own 1.60% of the company's stock.

Maximus Stock Down 0.1 %

Shares of NYSE:MMS traded down $0.09 during midday trading on Friday, reaching $67.29. The company had a trading volume of 360,597 shares, compared to its average volume of 551,316. The stock has a market capitalization of $3.81 billion, a P/E ratio of 14.47 and a beta of 0.68. The stock's fifty day moving average price is $67.60 and its 200-day moving average price is $75.29. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.72 and a quick ratio of 1.72. Maximus, Inc. has a one year low of $63.77 and a one year high of $93.97.

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 (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%. Equities research analysts expect 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 will be paid on Saturday, May 31st. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Thursday, May 15th. Maximus's dividend payout ratio (DPR) is presently 25.81%.

Maximus Company 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.