17,953 Shares in Maximus, Inc. (NYSE:MMS) Purchased by Wealthspire Advisors LLC

Wealthspire Advisors LLC purchased a new stake in shares of Maximus, Inc. (NYSE:MMS) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 17,953 shares of the health services provider’s stock, valued at approximately $1,506,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MMS. VisionPoint Advisory Group LLC grew its holdings in Maximus by 61.4% during the third quarter. VisionPoint Advisory Group LLC now owns 381 shares of the health services provider’s stock worth $28,000 after buying an additional 145 shares in the last quarter. Anchor Investment Management LLC purchased a new stake in shares of Maximus in the fourth quarter valued at about $32,000. Planned Solutions Inc. bought a new position in shares of Maximus during the fourth quarter valued at about $59,000. Fifth Third Bancorp boosted its holdings in 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 last quarter. Finally, NBC Securities Inc. bought a new stake in Maximus in the 3rd quarter worth about $85,000. 97.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised Maximus from a “hold” rating to a “buy” rating in a report on Thursday, February 8th.

Insider Transactions at Maximus

In related news, CFO David Mutryn sold 8,000 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $83.95, for a total value of $671,600.00. Following the sale, the chief financial officer now directly owns 5,124 shares in the company, valued at approximately $430,159.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is owned by corporate insiders.

Maximus Stock Performance

MMS traded down $0.36 during trading on Thursday, hitting $83.76. 734,695 shares of the company traded hands, compared to its average volume of 329,528. Maximus, Inc. has a one year low of $72.39 and a one year high of $90.65. The stock’s fifty day moving average is $82.34 and its 200 day moving average is $81.63. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.71. The firm has a market cap of $5.11 billion, a P/E ratio of 28.75 and a beta of 0.72.

Maximus (NYSE:MMS) last released its earnings results on Wednesday, May 8th. The health services provider reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.26. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.29 billion. Maximus had a net margin of 3.73% and a return on equity of 15.68%. The company’s revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 EPS. As a group, equities analysts predict that Maximus, Inc. will post 5.42 EPS for the current fiscal year.

Maximus Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.43%. Maximus’s dividend payout ratio is presently 39.74%.

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.