Stephens Investment Management Group LLC Has $34.38 Million Stock Holdings in Maximus, Inc. (NYSE:MMS)

Stephens Investment Management Group LLC trimmed its stake in shares of Maximus, Inc. (NYSE:MMS - Free Report) by 18.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 460,558 shares of the health services provider's stock after selling 104,052 shares during the period. Stephens Investment Management Group LLC owned about 0.76% of Maximus worth $34,381,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Assenagon Asset Management S.A. raised its stake in shares of Maximus by 277.0% in the 3rd 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. Reinhart Partners LLC. lifted its stake 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. Sio Capital Management LLC bought a new position in Maximus during the third quarter worth about $14,453,000. Barclays PLC boosted its stake in shares of Maximus by 285.1% during the 3rd quarter. Barclays PLC now owns 170,971 shares of the health services provider's stock worth $15,927,000 after acquiring an additional 126,573 shares during the period. Finally, Empowered Funds LLC acquired a new position in shares of Maximus in the fourth quarter valued at $8,139,000. 97.21% of the stock is owned by institutional investors.

Insider Activity at Maximus

In other news, CEO Bruce Caswell purchased 3,500 shares of the stock in a transaction on Tuesday, December 17th. The stock was purchased at an average price of $70.64 per share, for a total transaction of $247,240.00. Following the acquisition, the chief executive officer now owns 275,929 shares in the company, valued at $19,491,624.56. This trade represents a 1.28 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michelle F. Link sold 2,208 shares of the company's stock in a transaction on 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 sale, the insider now directly 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 disclosure for this sale can be found here. Insiders purchased 7,063 shares of company stock worth $502,017 over the last three months. Company insiders own 1.60% of the company's stock.

Maximus Price Performance

NYSE:MMS traded down $2.02 on Tuesday, hitting $67.68. The company had a trading volume of 631,287 shares, compared to its average volume of 727,243. Maximus, Inc. has a 52 week low of $67.20 and a 52 week high of $93.97. The company has a current ratio of 1.72, a quick ratio of 1.49 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of 14.55 and a beta of 0.72. The firm has a 50 day moving average of $74.64 and a two-hundred day moving average of $83.12.

Maximus (NYSE:MMS - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The health services provider reported $1.61 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.22. Maximus had a return on equity of 21.95% and a net margin of 5.28%. On average, research analysts anticipate that Maximus, Inc. will post 6.05 earnings per share for the current year.

Maximus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors 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 dividend payout ratio is 25.81%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Raymond James upgraded Maximus from a "market perform" rating to an "outperform" rating and set a $90.00 target price on the stock in a research note on Thursday, January 2nd. StockNews.com upgraded shares of Maximus from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th.

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.