Wilmington Savings Fund Society FSB Trims Position in Maximus, Inc. (NYSE:MMS)

Wilmington Savings Fund Society FSB lowered its position in Maximus, Inc. (NYSE:MMS) by 4.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 64,076 shares of the health services provider’s stock after selling 2,729 shares during the quarter. Wilmington Savings Fund Society FSB owned about 0.11% of Maximus worth $4,783,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new stake in shares of Maximus in the 3rd quarter valued at approximately $25,000. UMB Bank n.a. increased its stake in Maximus by 79.8% during the fourth quarter. UMB Bank n.a. now owns 356 shares of the health services provider’s stock worth $27,000 after acquiring an additional 158 shares during the last quarter. Eastern Bank purchased a new stake in Maximus in the fourth quarter valued at $29,000. R Squared Ltd purchased a new stake in Maximus in the fourth quarter valued at $54,000. Finally, GAMMA Investing LLC lifted its stake in shares of Maximus by 150.6% in the 3rd quarter. GAMMA Investing LLC now owns 862 shares of the health services provider’s stock valued at $80,000 after purchasing an additional 518 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insider Activity at Maximus

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

Maximus Stock Performance

Shares of Maximus stock opened at $69.86 on Friday. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 15.02 and a beta of 0.72. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.72 and a quick ratio of 1.49. The business has a 50-day moving average of $74.73 and a 200 day moving average of $83.32. Maximus, Inc. has a 12 month low of $68.30 and a 12 month high of $93.97.

Maximus (NYSE:MMS) last announced its quarterly earnings data on Thursday, February 6th. The health services provider reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.22. Maximus had a net margin of 5.28% and a return on equity of 21.95%. As a group, sell-side analysts forecast that Maximus, Inc. will post 6.05 earnings per share for the current year.

Maximus Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Saturday, February 15th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Friday, February 14th. Maximus’s payout ratio is currently 25.81%.

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.