William Blair Investment Management LLC Buys 94,067 Shares of Maximus, Inc. (NYSE:MMS)

William Blair Investment Management LLC raised its stake in Maximus, Inc. (NYSE:MMS - Free Report) by 22.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 518,469 shares of the health services provider's stock after purchasing an additional 94,067 shares during the quarter. William Blair Investment Management LLC owned 0.91% of Maximus worth $38,704,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of MMS. UMB Bank n.a. raised its position in Maximus by 79.8% in the 4th quarter. UMB Bank n.a. now owns 356 shares of the health services provider's stock valued at $27,000 after buying an additional 158 shares during the last quarter. Eastern Bank purchased a new stake in shares of Maximus in the fourth quarter valued at about $29,000. V Square Quantitative Management LLC lifted its position in shares of Maximus by 65.9% during the fourth quarter. V Square Quantitative Management LLC now owns 453 shares of the health services provider's stock valued at $34,000 after purchasing an additional 180 shares in the last quarter. R Squared Ltd bought a new position in shares of Maximus during the fourth quarter valued at about $54,000. Finally, IFP Advisors Inc boosted its holdings in Maximus by 62.4% during the fourth quarter. IFP Advisors Inc now owns 786 shares of the health services provider's stock worth $59,000 after purchasing an additional 302 shares during the last quarter. Institutional investors own 97.21% of the company's stock.

Analyst Ratings Changes

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

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Maximus Stock Performance

Shares of MMS traded down $0.09 during mid-day trading on Friday, hitting $67.12. The stock had a trading volume of 1,944,363 shares, compared to its average volume of 720,335. Maximus, Inc. has a 52 week low of $63.77 and a 52 week high of $93.97. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.72 and a quick ratio of 1.72. The business has a fifty day moving average price of $71.27 and a 200-day moving average price of $78.81. The firm has a market cap of $3.80 billion, a P/E ratio of 14.43 and a beta of 0.71.

Maximus (NYSE:MMS - Get Free Report) last issued its 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, equities research analysts expect that Maximus, Inc. will post 6.15 EPS for the current year.

Maximus Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Saturday, February 15th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date was Friday, February 14th. Maximus's dividend payout ratio is currently 25.81%.

Insider Buying and Selling

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

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.