Total Wealth Planning & Management Inc. Takes Position in Maximus, Inc. (NYSE:MMS)

Total Wealth Planning & Management Inc. purchased a new stake in Maximus, Inc. (NYSE:MMS - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,471 shares of the health services provider's stock, valued at approximately $259,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Maximus in the fourth quarter valued at about $71,443,000. SG Capital Management LLC acquired a new stake in Maximus during the fourth quarter worth about $30,285,000. Federated Hermes Inc. grew its holdings in Maximus by 74.8% during the fourth quarter. Federated Hermes Inc. now owns 882,953 shares of the health services provider's stock worth $65,912,000 after acquiring an additional 377,705 shares during the period. Squarepoint Ops LLC acquired a new stake in Maximus during the fourth quarter worth about $22,661,000. Finally, Voloridge Investment Management LLC grew its holdings in Maximus by 306.8% during the fourth quarter. Voloridge Investment Management LLC now owns 376,055 shares of the health services provider's stock worth $28,073,000 after acquiring an additional 283,608 shares during the period. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Maximus

In other news, Director Jan Madsen sold 2,439 shares of the firm'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 value of $165,144.69. Following the transaction, the director now owns 18,097 shares in the company, valued at $1,225,347.87. This trade represents a 11.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.60% of the stock is owned by corporate insiders.

Maximus Stock Performance

Maximus stock traded up $0.40 during midday trading on Friday, hitting $72.50. 578,136 shares of the company were exchanged, compared to its average volume of 564,969. The firm has a market capitalization of $4.09 billion, a PE ratio of 15.59 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. The business has a fifty day simple moving average of $69.93 and a two-hundred day simple moving average of $71.50. 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 (NYSE:MMS - Get Free Report) last posted its earnings results on Thursday, May 8th. The health services provider reported $2.01 EPS for the quarter, topping the consensus estimate of $1.37 by $0.64. The firm 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%. Maximus's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period last year, the company earned $1.57 earnings per share. On average, sell-side analysts forecast that Maximus, Inc. will post 6.15 earnings per share for the current year.

Maximus Dividend Announcement

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

About Maximus

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.