Maximus, Inc. (NYSE:MMS) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. boosted its position in shares of Maximus, Inc. (NYSE:MMS) by 27.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,666 shares of the health services provider’s stock after acquiring an additional 356 shares during the quarter. Blue Trust Inc.’s holdings in Maximus were worth $124,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in MMS. Nordea Investment Management AB acquired a new stake in Maximus during the fourth quarter worth about $4,618,000. Fort Washington Investment Advisors Inc. OH increased its position in shares of Maximus by 39.1% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 296,476 shares of the health services provider’s stock worth $22,132,000 after purchasing an additional 83,390 shares in the last quarter. Versor Investments LP raised its position in shares of Maximus by 213.5% in the third quarter. Versor Investments LP now owns 8,500 shares of the health services provider’s stock valued at $792,000 after buying an additional 5,789 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Maximus by 12.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 929,066 shares of the health services provider’s stock valued at $86,552,000 after acquiring an additional 102,350 shares during the last quarter. Finally, Citigroup Inc. lifted its position in Maximus by 143.3% during the third quarter. Citigroup Inc. now owns 59,448 shares of the health services provider’s stock worth $5,538,000 after buying an additional 35,012 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Maximus Stock Up 1.1 %

Shares of NYSE MMS opened at $75.97 on Thursday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.59. The business’s 50 day moving average is $74.87 and its two-hundred day moving average is $83.62. Maximus, Inc. has a 52-week low of $69.72 and a 52-week high of $93.97. The firm has a market cap of $4.34 billion, a price-to-earnings ratio of 15.19 and a beta of 0.72.

Maximus Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Saturday, February 15th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.58%. Maximus’s dividend payout ratio is presently 24.00%.

Analyst Ratings Changes

MMS has been the topic of several recent analyst reports. 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. StockNews.com upgraded shares of Maximus from a “hold” rating to a “buy” rating in a report on Wednesday, January 29th.

Insider Buying and Selling

In related news, Director Raymond B. Ruddy acquired 3,490 shares of the stock in a transaction dated Thursday, December 12th. The stock was acquired at an average cost of $71.46 per share, with a total value of $249,395.40. Following the completion of the transaction, the director now owns 112,520 shares in the company, valued at $8,040,679.20. This represents a 3.20 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Michelle F. Link sold 2,208 shares of the firm’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 sale, the insider now owns 6,567 shares in the company, valued at $484,841.61. The trade was a 25.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 7,063 shares of company stock valued at $502,017. Corporate insiders own 1.60% of the company’s stock.

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.