Larson Financial Group LLC Has $160,000 Stock Position in Maximus, Inc. (NYSE:MMS)

Larson Financial Group LLC increased its stake in Maximus, Inc. (NYSE:MMS) by 36.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,144 shares of the health services provider’s stock after buying an additional 569 shares during the period. Larson Financial Group LLC’s holdings in Maximus were worth $160,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MMS. Reinhart Partners LLC. lifted its stake in shares of Maximus by 43.5% in the fourth quarter. Reinhart Partners LLC. now owns 551,146 shares of the health services provider’s stock worth $41,143,000 after acquiring an additional 167,019 shares during the period. Sio Capital Management LLC acquired a new position in shares of Maximus in the third quarter worth approximately $14,453,000. Barclays PLC increased its holdings in Maximus by 285.1% in the third quarter. Barclays PLC now owns 170,971 shares of the health services provider’s stock worth $15,927,000 after purchasing an additional 126,573 shares in the last quarter. Empowered Funds LLC bought a new stake in Maximus in the fourth quarter worth approximately $8,139,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in Maximus by 12.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 929,066 shares of the health services provider’s stock worth $86,552,000 after purchasing an additional 102,350 shares in the last quarter. 97.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Raymond B. Ruddy purchased 3,490 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average price of $71.46 per share, for a total transaction of $249,395.40. Following the completion of the acquisition, the director now owns 112,520 shares of the company’s stock, valued at $8,040,679.20. This represents a 3.20 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ilene R. Baylinson sold 14,500 shares of the company’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 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 position. The disclosure for this sale can be found here. Insiders bought a total of 7,008 shares of company stock worth $497,835 over the last quarter. 1.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MMS. StockNews.com downgraded Maximus from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Raymond James upgraded Maximus from a “market perform” rating to an “outperform” rating and set a $90.00 target price for the company in a report on Thursday, January 2nd.

Maximus Trading Down 2.1 %

NYSE MMS opened at $68.55 on Wednesday. The company has a market cap of $3.88 billion, a price-to-earnings ratio of 14.74 and a beta of 0.71. Maximus, Inc. has a 52 week low of $63.77 and a 52 week high of $93.97. The business has a 50 day moving average price of $72.56 and a 200-day moving average price of $79.84. 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) last released its quarterly earnings data on Thursday, February 6th. The health services provider reported $1.61 EPS for the quarter, beating the consensus estimate of $1.39 by $0.22. Maximus had a return on equity of 21.95% and a net margin of 5.28%. As a group, equities analysts expect that Maximus, Inc. will post 6.15 earnings per share for the current fiscal year.

Maximus Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Saturday, February 15th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.75%. Maximus’s dividend payout ratio is 25.81%.

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.