R Squared Ltd Makes New Investment in Maximus, Inc. (NYSE:MMS)

R Squared Ltd purchased a new stake in Maximus, Inc. (NYSE:MMS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 720 shares of the health services provider’s stock, valued at approximately $54,000.

Several other large investors have also recently made changes to their positions in MMS. UMB Bank n.a. raised its position in Maximus by 79.8% in the fourth quarter. UMB Bank n.a. now owns 356 shares of the health services provider’s stock valued at $27,000 after purchasing an additional 158 shares during the period. Petrus Trust Company LTA grew its stake in shares of Maximus by 2.7% in the third quarter. Petrus Trust Company LTA now owns 7,084 shares of the health services provider’s stock valued at $660,000 after buying an additional 185 shares in the last quarter. Holocene Advisors LP raised its holdings in shares of Maximus by 6.5% in the 3rd quarter. Holocene Advisors LP now owns 3,927 shares of the health services provider’s stock valued at $366,000 after buying an additional 239 shares during the period. V Square Quantitative Management LLC acquired a new position in Maximus during the 3rd quarter worth about $25,000. Finally, MML Investors Services LLC boosted its holdings in Maximus by 6.5% during the 3rd quarter. MML Investors Services LLC now owns 4,870 shares of the health services provider’s stock valued at $454,000 after acquiring an additional 299 shares during the period. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Maximus

In related news, CEO Bruce Caswell purchased 3,500 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were bought at an average cost of $70.64 per share, for a total transaction of $247,240.00. Following the completion of the purchase, the chief executive officer now directly owns 275,929 shares of the company’s stock, valued at approximately $19,491,624.56. This trade represents a 1.28 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michelle F. Link sold 2,208 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $73.83, for a total transaction of $163,016.64. Following the sale, the insider now directly owns 6,567 shares in the company, valued at approximately $484,841.61. The trade was a 25.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have acquired 7,063 shares of company stock valued at $502,017 over the last quarter. 1.60% of the stock is owned by insiders.

Maximus Trading Down 0.9 %

NYSE:MMS opened at $75.31 on Friday. The stock has a fifty day moving average price of $74.71 and a 200 day moving average price of $83.94. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.59. Maximus, Inc. has a 12-month low of $69.72 and a 12-month high of $93.97. The firm has a market cap of $4.30 billion, a PE ratio of 15.06 and a beta of 0.73.

Maximus Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Saturday, February 15th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.59%. Maximus’s payout ratio is currently 24.00%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on MMS shares. StockNews.com upgraded shares of Maximus from a “hold” rating to a “buy” rating in a research note on Wednesday. Raymond James upgraded shares of Maximus from a “market perform” rating to an “outperform” rating and set a $90.00 target price on the stock in a report on Thursday, January 2nd.

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.