Squarepoint Ops LLC Purchases Shares of 303,567 Maximus, Inc. (NYSE:MMS)

Squarepoint Ops LLC bought a new position in Maximus, Inc. (NYSE:MMS - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 303,567 shares of the health services provider's stock, valued at approximately $22,661,000. Squarepoint Ops LLC owned 0.53% of Maximus as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in Maximus during the 4th quarter worth $71,443,000. SG Capital Management LLC acquired a new stake in shares of Maximus during the fourth quarter worth about $30,285,000. Federated Hermes Inc. lifted its holdings in shares of Maximus by 74.8% during the 4th quarter. Federated Hermes Inc. now owns 882,953 shares of the health services provider's stock valued at $65,912,000 after purchasing an additional 377,705 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Maximus by 189.1% during the 4th quarter. AQR Capital Management LLC now owns 423,298 shares of the health services provider's stock valued at $31,599,000 after purchasing an additional 276,859 shares in the last quarter. Finally, Marshall Wace LLP grew its position in shares of Maximus by 1,319.1% in the 4th quarter. Marshall Wace LLP now owns 224,267 shares of the health services provider's stock valued at $16,742,000 after purchasing an additional 208,463 shares during the period. 97.21% of the stock is owned by institutional investors.

Insider Activity

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

Analyst Upgrades and Downgrades

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

Maximus Stock Down 1.8%

NYSE MMS traded down $1.33 on Friday, reaching $72.36. The company had a trading volume of 456,402 shares, compared to its average volume of 561,243. The company's fifty day moving average is $69.37 and its 200-day moving average is $72.29. The firm 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 debt-to-equity ratio of 0.82, a quick ratio of 1.72 and a current ratio of 1.72. Maximus, Inc. has a 1-year low of $63.77 and a 1-year high of $93.97.

Maximus (NYSE:MMS - Get Free Report) last issued 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. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.29 billion. Maximus had a return on equity of 21.95% and a net margin of 5.28%. The company's quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.57 earnings per share. On average, research analysts forecast that Maximus, Inc. will post 6.15 earnings per share for the current fiscal year.

Maximus Dividend Announcement

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