Maximus, Inc. (NYSE:MMS) Stock Position Increased by Reinhart Partners LLC.

Reinhart Partners LLC. grew its holdings in Maximus, Inc. (NYSE:MMS - Free Report) by 43.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 551,146 shares of the health services provider's stock after acquiring an additional 167,019 shares during the period. Maximus comprises approximately 1.6% of Reinhart Partners LLC.'s holdings, making the stock its 27th biggest holding. Reinhart Partners LLC. owned about 0.91% of Maximus worth $41,143,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Assenagon Asset Management S.A. boosted its stake in shares of Maximus by 277.0% in the third quarter. Assenagon Asset Management S.A. now owns 878,894 shares of the health services provider's stock valued at $81,878,000 after purchasing an additional 645,760 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its stake 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 worth $27,707,000 after acquiring an additional 292,300 shares in the last quarter. Millennium Management LLC grew its stake in Maximus by 150.4% during the 2nd quarter. Millennium Management LLC now owns 406,075 shares of the health services provider's stock valued at $34,801,000 after purchasing an additional 243,890 shares in the last quarter. Sio Capital Management LLC purchased a new stake in Maximus during the 3rd quarter worth approximately $14,453,000. Finally, Algert Global LLC acquired a new stake in shares of Maximus during the second quarter worth approximately $12,424,000. Institutional investors and hedge funds own 97.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. 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 research note on Thursday, January 2nd. StockNews.com downgraded Maximus from a "buy" rating to a "hold" rating in a report on Friday, December 27th.

Maximus Stock Performance

Shares of NYSE:MMS traded up $0.47 on Monday, reaching $77.28. 542,414 shares of the company's stock were exchanged, compared to its average volume of 633,702. Maximus, Inc. has a fifty-two week low of $69.72 and a fifty-two week high of $93.97. The business's 50-day moving average is $76.78 and its two-hundred day moving average is $84.88. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of 15.46 and a beta of 0.73.

Maximus Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Saturday, February 15th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Friday, February 14th. Maximus's dividend payout ratio (DPR) is presently 24.00%.

Insider Transactions at Maximus

In other Maximus news, CEO Bruce Caswell purchased 3,500 shares of the business's stock in a transaction dated 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 completion of the acquisition, the chief executive officer now owns 275,929 shares in the company, valued at approximately $19,491,624.56. This represents a 1.28 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Raymond B. Ruddy bought 3,490 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average price 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 in the company, valued at $8,040,679.20. This trade represents a 3.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 7,063 shares of company stock worth $502,017. 1.40% of the stock is currently owned by company 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.