Edgestream Partners L.P. Acquires 10,609 Shares of Maximus, Inc. (NYSE:MMS)

Edgestream Partners L.P. boosted its position in shares of Maximus, Inc. (NYSE:MMS - Free Report) by 139.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,217 shares of the health services provider's stock after acquiring an additional 10,609 shares during the quarter. Edgestream Partners L.P.'s holdings in Maximus were worth $1,242,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MMS. LRI Investments LLC grew its stake in Maximus by 11.9% during the 1st quarter. LRI Investments LLC now owns 1,833 shares of the health services provider's stock worth $125,000 after buying an additional 195 shares during the last quarter. Hillsdale Investment Management Inc. increased its holdings in shares of Maximus by 0.4% during the fourth quarter. Hillsdale Investment Management Inc. now owns 52,400 shares of the health services provider's stock valued at $3,912,000 after acquiring an additional 230 shares in the last quarter. UMB Bank n.a. raised its position in shares of Maximus by 70.2% in the 1st quarter. UMB Bank n.a. now owns 606 shares of the health services provider's stock valued at $41,000 after purchasing an additional 250 shares during the last quarter. Bridge City Capital LLC boosted its stake in Maximus by 0.9% in the 4th quarter. Bridge City Capital LLC now owns 28,503 shares of the health services provider's stock worth $2,128,000 after purchasing an additional 254 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in Maximus by 0.7% in the 1st quarter. Nisa Investment Advisors LLC now owns 39,936 shares of the health services provider's stock worth $2,723,000 after purchasing an additional 290 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Transactions at Maximus

In other news, Director Gayathri Rajan sold 7,913 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at approximately $1,028,157.90. This trade represents a 35.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is owned by insiders.

Maximus Stock Up 0.9%

Shares of MMS stock traded up $0.65 during mid-day trading on Tuesday, reaching $71.67. 293,188 shares of the company were exchanged, compared to its average volume of 575,304. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.84 and a current ratio of 1.84. The business's 50 day simple moving average is $71.75 and its 200 day simple moving average is $70.79. The company has a market capitalization of $4.04 billion, a P/E ratio of 14.25 and a beta of 0.61. Maximus, Inc. has a fifty-two week low of $63.77 and a fifty-two week high of $93.97.

Maximus (NYSE:MMS - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The health services provider reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.64. The company had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.29 billion. Maximus had a return on equity of 23.37% and a net margin of 5.56%. The company's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.57 earnings per share. Research analysts predict that Maximus, Inc. will post 6.15 earnings per share for the current year.

Maximus Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, August 31st. Investors of record on Friday, August 15th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Friday, August 15th. Maximus's payout ratio is 23.86%.

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.