Maximus, Inc. (NYSE:MMS) Stock Position Raised by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC grew its holdings in shares of Maximus, Inc. (NYSE:MMS - Free Report) by 153.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,296 shares of the health services provider's stock after purchasing an additional 3,807 shares during the period. Tower Research Capital LLC TRC's holdings in Maximus were worth $470,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nordea Investment Management AB bought a new stake in shares of Maximus during the 4th quarter worth about $4,618,000. Fort Washington Investment Advisors Inc. OH boosted its stake in Maximus by 39.1% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 296,476 shares of the health services provider's stock valued at $22,132,000 after purchasing an additional 83,390 shares in the last quarter. IFP Advisors Inc boosted its stake in Maximus by 62.4% during the 4th quarter. IFP Advisors Inc now owns 786 shares of the health services provider's stock valued at $59,000 after purchasing an additional 302 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Maximus during the 4th quarter valued at $1,113,000. Finally, Legato Capital Management LLC lifted its holdings in shares of Maximus by 33.9% in the fourth quarter. Legato Capital Management LLC now owns 32,134 shares of the health services provider's stock valued at $2,399,000 after buying an additional 8,138 shares during the period. 97.21% of the stock is currently owned by institutional investors.

Insider Activity at Maximus

In other news, insider Ilene R. Baylinson sold 14,500 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $68.14, for a total value of $988,030.00. Following the completion of the sale, the insider now owns 2,512 shares of the company's stock, valued at $171,167.68. This trade represents a 85.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Jan Madsen sold 2,439 shares of the company's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $67.71, for a total value of $165,144.69. Following the transaction, the director now directly owns 18,097 shares in the company, valued at $1,225,347.87. The trade was a 11.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Maximus from a "buy" rating to a "hold" rating in a research report on Friday, February 14th.

Maximus Price Performance

Maximus stock traded up $0.50 during mid-day trading on Friday, hitting $66.83. The company's stock had a trading volume of 348,381 shares, compared to its average volume of 558,035. The stock has a market capitalization of $3.78 billion, a P/E ratio of 14.37 and a beta of 0.68. Maximus, Inc. has a twelve month low of $63.77 and a twelve month high of $93.97. The stock's fifty day moving average price is $67.65 and its two-hundred day moving average price is $73.81. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.82.

Maximus (NYSE:MMS - Get Free Report) last issued its earnings results on Thursday, February 6th. The health services provider reported $1.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.39 by $0.22. Maximus had a return on equity of 21.95% and a net margin of 5.28%. Research analysts forecast that Maximus, Inc. will post 6.15 earnings per share for the current year.

Maximus Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, May 31st. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.80%. Maximus's dividend payout ratio is currently 25.81%.

Maximus Company 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.