Maximus, Inc. (NYSE:MMS) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its stake in Maximus, Inc. (NYSE:MMS) by 8,288.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,426 shares of the health services provider’s stock after acquiring an additional 1,409 shares during the period. International Assets Investment Management LLC’s holdings in Maximus were worth $120,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Trust Point Inc. acquired a new stake in shares of Maximus during the fourth quarter worth $430,000. DAVENPORT & Co LLC acquired a new stake in shares of Maximus during the fourth quarter worth $1,157,000. Oak Thistle LLC acquired a new stake in shares of Maximus during the fourth quarter worth $207,000. Fifth Third Bancorp raised its holdings in shares of Maximus by 57.9% during the fourth quarter. Fifth Third Bancorp now owns 998 shares of the health services provider’s stock worth $84,000 after purchasing an additional 366 shares during the period. Finally, Great Lakes Retirement Inc. acquired a new stake in shares of Maximus during the fourth quarter worth $551,000. 97.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Maximus

In related news, CFO David Mutryn sold 8,000 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $83.95, for a total value of $671,600.00. Following the completion of the transaction, the chief financial officer now owns 5,124 shares in the company, valued at approximately $430,159.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.40% of the stock is currently owned by insiders.

Maximus Stock Up 0.7 %

Maximus stock opened at $80.98 on Tuesday. The company has a 50-day simple moving average of $82.46 and a 200-day simple moving average of $81.38. The firm has a market capitalization of $4.94 billion, a P/E ratio of 26.81 and a beta of 0.72. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.69 and a current ratio of 1.69. Maximus, Inc. has a one year low of $72.39 and a one year high of $89.69.

Maximus (NYSE:MMS) last announced its earnings results on Wednesday, February 7th. The health services provider reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.06. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.29 billion. Maximus had a net margin of 3.73% and a return on equity of 15.68%. Maximus’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.94 EPS. As a group, equities analysts expect that Maximus, Inc. will post 5.42 earnings per share for the current year.

Maximus Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be given a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.48%. Maximus’s dividend payout ratio is presently 39.74%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MMS. Raymond James lowered shares of Maximus from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 3rd. StockNews.com upgraded shares of Maximus from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th.

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.