Maximus, Inc. (NYSE:MMS) Shares Acquired by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC lifted its holdings in shares of Maximus, Inc. (NYSE:MMS - Free Report) by 346.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 118,290 shares of the health services provider's stock after purchasing an additional 91,788 shares during the quarter. Maximus comprises approximately 0.6% of Knights of Columbus Asset Advisors LLC's investment portfolio, making the stock its 24th biggest position. Knights of Columbus Asset Advisors LLC owned 0.19% of Maximus worth $9,920,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of MMS. FMR LLC grew its stake in shares of Maximus by 6.4% in the third quarter. FMR LLC now owns 8,588,189 shares of the health services provider's stock valued at $641,366,000 after buying an additional 514,698 shares in the last quarter. Norges Bank purchased a new stake in Maximus during the fourth quarter worth about $37,673,000. Stephens Investment Management Group LLC lifted its position in shares of Maximus by 68.3% during the second quarter. Stephens Investment Management Group LLC now owns 570,702 shares of the health services provider's stock worth $48,230,000 after purchasing an additional 231,666 shares in the last quarter. Van Berkom & Associates Inc. boosted its stake in shares of Maximus by 22.3% in the third quarter. Van Berkom & Associates Inc. now owns 1,124,238 shares of the health services provider's stock valued at $83,958,000 after purchasing an additional 204,796 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Maximus in the third quarter valued at approximately $13,451,000. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Maximus

In other news, CFO David Mutryn sold 8,000 shares of the firm's stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $83.95, for a total transaction of $671,600.00. Following the sale, the chief financial officer now owns 5,124 shares of the company's stock, valued at approximately $430,159.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.40% of the company's stock.

Maximus Stock Up 1.7 %

NYSE:MMS traded up $1.40 during mid-day trading on Friday, hitting $81.44. The stock had a trading volume of 277,679 shares, compared to its average volume of 340,414. Maximus, Inc. has a twelve month low of $72.39 and a twelve month high of $89.69. The stock has a 50-day simple moving average of $82.72 and a two-hundred day simple moving average of $81.05. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $4.97 billion, a PE ratio of 26.77 and a beta of 0.72.

Maximus (NYSE:MMS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The health services provider reported $1.34 earnings per share for the quarter, beating analysts' consensus estimates of $1.28 by $0.06. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.29 billion. Maximus had a net margin of 3.73% and a return on equity of 15.68%. The company's revenue was up 6.2% on a year-over-year basis. During the same period last year, the business earned $0.94 EPS. On average, equities research analysts anticipate that Maximus, Inc. will post 5.41 EPS for the current year.

Maximus Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Tuesday, May 14th. Maximus's dividend payout ratio (DPR) is 39.74%.

Analyst Ratings Changes

Several equities analysts have commented on MMS shares. StockNews.com raised shares of Maximus from a "hold" rating to a "buy" rating in a research report on Thursday, February 8th. Raymond James lowered Maximus from an "outperform" rating to a "market perform" rating in a report on Wednesday, January 3rd.

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.