Aquatic Capital Management LLC Has $1.14 Million Stake in Maximus, Inc. (NYSE:MMS)

Aquatic Capital Management LLC lifted its holdings in shares of Maximus, Inc. (NYSE:MMS - Free Report) by 128.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 15,328 shares of the health services provider's stock after acquiring an additional 8,628 shares during the period. Aquatic Capital Management LLC's holdings in Maximus were worth $1,144,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. UMB Bank n.a. boosted its holdings in Maximus by 79.8% during the fourth quarter. UMB Bank n.a. now owns 356 shares of the health services provider's stock valued at $27,000 after purchasing an additional 158 shares in the last quarter. Eastern Bank acquired a new stake in Maximus in the 4th quarter valued at $29,000. V Square Quantitative Management LLC grew its position in Maximus by 65.9% in the fourth quarter. V Square Quantitative Management LLC now owns 453 shares of the health services provider's stock valued at $34,000 after acquiring an additional 180 shares during the period. R Squared Ltd bought a new position in shares of Maximus during the fourth quarter valued at $54,000. Finally, IFP Advisors Inc lifted its holdings in shares of Maximus by 62.4% during the fourth quarter. IFP Advisors Inc now owns 786 shares of the health services provider's stock valued at $59,000 after acquiring an additional 302 shares during the period. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Maximus from a "buy" rating to a "hold" rating in a research report on Friday, February 14th.

Maximus Price Performance

NYSE MMS traded up $0.39 during trading hours on Tuesday, reaching $66.64. 50,401 shares of the company's stock were exchanged, compared to its average volume of 556,681. The firm has a fifty day moving average of $67.64 and a 200-day moving average of $73.41. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.82. Maximus, Inc. has a one year low of $63.77 and a one year high of $93.97. The stock has a market cap of $3.77 billion, a PE ratio of 14.34 and a beta of 0.61.

Maximus (NYSE:MMS - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The health services provider reported $1.61 EPS for the quarter, beating 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, equities research analysts predict that Maximus, Inc. will post 6.15 earnings per share for the current fiscal year.

Maximus Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, May 31st. Shareholders of record on Thursday, May 15th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 1.80%. Maximus's payout ratio is 25.81%.

Insiders Place Their Bets

In other Maximus news, Director Jan Madsen sold 2,439 shares of Maximus stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $67.71, for a total value of $165,144.69. Following the sale, the director now owns 18,097 shares of the company's stock, valued at $1,225,347.87. This trade represents a 11.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Ilene R. Baylinson sold 14,500 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $68.14, for a total value of $988,030.00. Following the completion of the sale, the insider now owns 2,512 shares in the company, valued at approximately $171,167.68. This trade represents a 85.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company's stock.

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.