Edgestream Partners L.P. Raises Stock Holdings in Maximus, Inc. (NYSE:MMS)

Edgestream Partners L.P. lifted its position in shares of Maximus, Inc. (NYSE:MMS - Free Report) by 139.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,217 shares of the health services provider's stock after purchasing an additional 10,609 shares during the quarter. Edgestream Partners L.P.'s holdings in Maximus were worth $1,242,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in Maximus in the fourth quarter worth $1,169,000. Farther Finance Advisors LLC raised its stake in shares of Maximus by 109.2% in the fourth quarter. Farther Finance Advisors LLC now owns 820 shares of the health services provider's stock worth $61,000 after purchasing an additional 428 shares during the last quarter. Cibc World Markets Corp purchased a new position in shares of Maximus in the fourth quarter worth $420,000. Xponance Inc. raised its stake in shares of Maximus by 4.1% in the fourth quarter. Xponance Inc. now owns 8,526 shares of the health services provider's stock worth $636,000 after purchasing an additional 336 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its stake in shares of Maximus by 66.0% in the fourth quarter. Teacher Retirement System of Texas now owns 69,137 shares of the health services provider's stock worth $5,161,000 after purchasing an additional 27,499 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors.

Maximus Price Performance

Shares of NYSE MMS traded down $0.24 during mid-day trading on Friday, reaching $71.10. The company's stock had a trading volume of 384,473 shares, compared to its average volume of 575,457. The firm has a market capitalization of $4.01 billion, a PE ratio of 14.14 and a beta of 0.61. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.84 and a quick ratio of 1.84. The stock has a fifty day moving average of $71.75 and a two-hundred day moving average of $70.82. Maximus, Inc. has a 52 week low of $63.77 and a 52 week high of $93.97.

Maximus (NYSE:MMS - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The health services provider reported $2.01 EPS for the quarter, beating analysts' consensus estimates of $1.37 by $0.64. Maximus had a return on equity of 23.37% and a net margin of 5.56%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the company earned $1.57 earnings per share. The firm's revenue was up 1.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Maximus, Inc. will post 6.15 EPS for the current fiscal year.

Maximus Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, August 31st. Stockholders of record on Friday, August 15th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.20 annualized dividend and a dividend yield of 1.69%. Maximus's payout ratio is 23.86%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Maximus from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th.

Insider Buying and Selling at Maximus

In other news, Director Gayathri Rajan sold 7,913 shares of the stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $72.38, for a total value of $572,742.94. Following the sale, the director directly owned 14,205 shares in the company, valued at approximately $1,028,157.90. This represents a 35.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.60% of the company's stock.

Maximus Company 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.