Ruffer LLP Purchases 4,049 Shares of Maximus, Inc. (NYSE:MMS)

Ruffer LLP increased its stake in shares of Maximus, Inc. (NYSE:MMS - Free Report) by 2.9% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 141,566 shares of the health services provider's stock after purchasing an additional 4,049 shares during the period. Ruffer LLP owned approximately 0.25% of Maximus worth $9,653,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. raised its position in shares of Maximus by 63.0% during the 4th quarter. American Century Companies Inc. now owns 21,547 shares of the health services provider's stock worth $1,608,000 after acquiring an additional 8,332 shares in the last quarter. Prudential Financial Inc. boosted its holdings in shares of Maximus by 20.1% during the fourth quarter. Prudential Financial Inc. now owns 21,927 shares of the health services provider's stock worth $1,637,000 after purchasing an additional 3,669 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Maximus by 46.0% in the 4th quarter. JPMorgan Chase & Co. now owns 326,748 shares of the health services provider's stock valued at $24,392,000 after purchasing an additional 102,982 shares during the last quarter. Pictet Asset Management Holding SA raised its holdings in Maximus by 8.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 8,563 shares of the health services provider's stock valued at $639,000 after buying an additional 676 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Maximus by 108.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 84,309 shares of the health services provider's stock worth $6,294,000 after acquiring an additional 43,864 shares during the period. 97.21% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Maximus

In related news, Director Gayathri Rajan sold 7,913 shares of the company's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $72.38, for a total value of $572,742.94. Following the sale, the director owned 14,205 shares of the company's stock, valued at $1,028,157.90. The trade was a 35.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

Maximus Price Performance

MMS traded up $3.82 on Thursday, reaching $78.69. The company had a trading volume of 710,734 shares, compared to its average volume of 558,867. The company has a market capitalization of $4.43 billion, a P/E ratio of 15.67 and a beta of 0.60. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.87. Maximus, Inc. has a one year low of $63.77 and a one year high of $93.94. The company has a fifty day moving average of $71.43 and a 200-day moving average of $70.49.

Maximus (NYSE:MMS - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The health services provider reported $2.16 EPS for the quarter, topping analysts' consensus estimates of $1.39 by $0.77. Maximus had a net margin of 5.56% and a return on equity of 23.37%. The firm's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the business posted $1.74 earnings per share. As a group, equities research analysts anticipate that Maximus, Inc. will post 6.15 earnings per share for the current year.

Maximus Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, August 31st. Shareholders of record on Friday, August 15th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.5%. 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.