14,405 Shares in Maximus, Inc. (NYSE:MMS) Acquired by Vident Advisory LLC

Vident Advisory LLC purchased a new position in shares of Maximus, Inc. (NYSE:MMS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 14,405 shares of the health services provider's stock, valued at approximately $1,075,000.

A number of other hedge funds also recently modified their holdings of the business. UMB Bank n.a. raised its position in 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 last quarter. V Square Quantitative Management LLC grew its position in shares of Maximus by 65.9% in the 4th quarter. V Square Quantitative Management LLC now owns 453 shares of the health services provider's stock valued at $34,000 after buying an additional 180 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Maximus in the fourth quarter valued at about $54,000. IFP Advisors Inc raised its position in shares of Maximus by 62.4% during the fourth quarter. IFP Advisors Inc now owns 786 shares of the health services provider's stock worth $59,000 after acquiring an additional 302 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of Maximus by 109.2% in the fourth quarter. Farther Finance Advisors LLC now owns 820 shares of the health services provider's stock worth $61,000 after acquiring an additional 428 shares during the period. Institutional investors and hedge funds own 97.21% of the company's stock.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

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

Maximus Trading Down 2.7%

Shares of MMS traded down $2.02 during trading hours on Wednesday, hitting $72.68. 375,675 shares of the stock were exchanged, compared to its average volume of 561,086. Maximus, Inc. has a fifty-two week low of $63.77 and a fifty-two week high of $93.97. The business has a 50-day moving average of $69.59 and a 200-day moving average of $71.93. The firm has a market capitalization of $4.10 billion, a P/E ratio of 15.63 and a beta of 0.61. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.72 and a quick ratio of 1.72.

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. Maximus had a net margin of 5.28% and a return on equity of 21.95%. The business had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter in the prior year, the firm posted $1.57 earnings per share. The business's quarterly revenue was up 1.0% compared to the same quarter last year. On average, research analysts expect that Maximus, Inc. will post 6.15 EPS for the current year.

Maximus Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, May 31st. Investors 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 yield of 1.65%. 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.