William Blair Investment Management LLC Grows Position in Maximus, Inc. (NYSE:MMS)

William Blair Investment Management LLC boosted its holdings in Maximus, Inc. (NYSE:MMS) by 22.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 518,469 shares of the health services provider’s stock after acquiring an additional 94,067 shares during the quarter. William Blair Investment Management LLC’s holdings in Maximus were worth $38,704,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Nordea Investment Management AB purchased a new position in Maximus in the fourth quarter worth $4,618,000. Fort Washington Investment Advisors Inc. OH raised its position in Maximus by 39.1% in 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 acquiring an additional 83,390 shares in the last quarter. IFP Advisors Inc raised its position in Maximus by 62.4% in the fourth quarter. IFP Advisors Inc now owns 786 shares of the health services provider’s stock worth $59,000 after acquiring an additional 302 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Maximus in the fourth quarter worth $1,113,000. Finally, Charles Schwab Investment Management Inc. raised its position 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 acquiring an additional 102,350 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Maximus Trading Up 1.3 %

Shares of MMS stock opened at $67.99 on Tuesday. Maximus, Inc. has a fifty-two week low of $63.77 and a fifty-two week high of $93.97. The stock has a market cap of $3.85 billion, a P/E ratio of 14.62 and a beta of 0.71. The business has a fifty day simple moving average of $71.83 and a 200-day simple moving average of $79.13. 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 announced its quarterly earnings results 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 return on equity of 21.95% and a net margin of 5.28%. On average, analysts forecast that Maximus, Inc. will post 6.15 earnings per share for the current fiscal year.

Maximus Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Saturday, February 15th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend was Friday, February 14th. Maximus’s payout ratio is currently 25.81%.

Wall Street Analysts Forecast Growth

MMS has been the subject of several research analyst reports. Raymond James upgraded Maximus from a “market perform” rating to an “outperform” rating and set a $90.00 price objective for the company in a research report on Thursday, January 2nd. StockNews.com cut Maximus from a “buy” rating to a “hold” rating in a research report on Friday, February 14th.

Insider Activity at Maximus

In related news, insider Ilene R. Baylinson sold 14,500 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $68.14, for a total transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.60% of the company’s stock.

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.