Maximus, Inc. (NYSE:MMS) Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC lifted its position in shares of Maximus, Inc. (NYSE:MMS - Free Report) by 39.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,756 shares of the health services provider's stock after purchasing an additional 5,604 shares during the quarter. ProShare Advisors LLC's holdings in Maximus were worth $1,475,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. grew its stake in shares of Maximus by 79.8% during the 4th quarter. UMB Bank n.a. now owns 356 shares of the health services provider's stock worth $27,000 after purchasing an additional 158 shares during the period. V Square Quantitative Management LLC grew its stake in shares of Maximus by 65.9% during the 4th quarter. V Square Quantitative Management LLC now owns 453 shares of the health services provider's stock worth $34,000 after purchasing an additional 180 shares during the period. R Squared Ltd acquired a new stake in shares of Maximus during the 4th quarter worth approximately $54,000. IFP Advisors Inc grew its stake in shares of Maximus by 62.4% during the 4th quarter. IFP Advisors Inc now owns 786 shares of the health services provider's stock worth $59,000 after purchasing an additional 302 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in shares of Maximus by 109.2% during the 4th quarter. Farther Finance Advisors LLC now owns 820 shares of the health services provider's stock valued at $61,000 after buying an additional 428 shares in the last quarter. Institutional investors and hedge funds own 97.21% of the company's stock.

Analyst Ratings Changes

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

Maximus Price Performance

Shares of NYSE:MMS traded up $1.61 during midday trading on Tuesday, reaching $74.01. 42,646 shares of the company's stock traded hands, compared to its average volume of 560,463. Maximus, Inc. has a 1 year low of $63.77 and a 1 year high of $93.97. The company has a market cap of $4.17 billion, a P/E ratio of 15.91 and a beta of 0.61. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.72 and a current ratio of 1.72. The company has a fifty day simple moving average of $69.44 and a two-hundred day simple moving average of $71.91.

Maximus (NYSE:MMS - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The health services provider reported $2.01 earnings per share for the quarter, beating analysts' consensus estimates of $1.37 by $0.64. Maximus had a return on equity of 21.95% and a net margin of 5.28%. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the firm posted $1.57 EPS. The firm's revenue for the quarter was up 1.0% on a year-over-year basis. Equities analysts predict that Maximus, Inc. will post 6.15 EPS for the current fiscal year.

Maximus Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, May 31st. Shareholders of record on Thursday, May 15th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.62%. The ex-dividend date is Thursday, May 15th. Maximus's dividend payout ratio is currently 23.86%.

Insider Buying and Selling at Maximus

In related news, Director Jan Madsen sold 2,439 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $67.71, for a total transaction of $165,144.69. Following the completion of the sale, the director now owns 18,097 shares in the company, valued at $1,225,347.87. The trade was a 11.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

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.