ProShare Advisors LLC Increases Holdings in Maximus, Inc. (NYSE:MMS)

ProShare Advisors LLC increased its holdings in Maximus, Inc. (NYSE:MMS - Free Report) by 39.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,756 shares of the health services provider's stock after acquiring 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 filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Man Group plc increased its stake in Maximus by 53.5% during the 4th quarter. Man Group plc now owns 223,297 shares of the health services provider's stock valued at $16,669,000 after purchasing an additional 77,810 shares in the last quarter. Nomura Holdings Inc. bought a new stake in Maximus during the 4th quarter valued at about $595,000. Occudo Quantitative Strategies LP bought a new stake in Maximus during the 4th quarter valued at about $1,014,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Maximus by 2.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,255 shares of the health services provider's stock valued at $2,557,000 after purchasing an additional 869 shares in the last quarter. Finally, Lazard Asset Management LLC increased its stake in Maximus by 477.8% during the 4th quarter. Lazard Asset Management LLC now owns 101,915 shares of the health services provider's stock valued at $7,607,000 after purchasing an additional 84,277 shares in the last quarter. 97.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Maximus

In related news, Director Jan Madsen sold 2,439 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $67.71, for a total value of $165,144.69. Following the transaction, the director now owns 18,097 shares of the company's stock, valued at approximately $1,225,347.87. This trade represents a 11.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.60% of the stock is owned by corporate insiders.

Maximus Stock Down 1.8%

NYSE:MMS traded down $1.33 on Friday, reaching $72.36. 456,402 shares of the stock traded hands, compared to its average volume of 562,495. The company's fifty day simple moving average is $69.37 and its 200 day simple moving average is $72.17. Maximus, Inc. has a 12 month low of $63.77 and a 12 month high of $93.97. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of 15.56 and a beta of 0.61. 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 (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, topping analysts' consensus estimates of $1.37 by $0.64. Maximus had a net margin of 5.28% and a return on equity of 21.95%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the business posted $1.57 earnings per share. The business'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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, May 31st. Investors of record on Thursday, May 15th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Thursday, May 15th. Maximus's payout ratio is currently 23.86%.

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.