Great Lakes Retirement Inc. Invests $551,000 in Maximus, Inc. (NYSE:MMS)

Great Lakes Retirement Inc. purchased a new stake in Maximus, Inc. (NYSE:MMS) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 6,565 shares of the health services provider’s stock, valued at approximately $551,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. VisionPoint Advisory Group LLC boosted its position in shares of Maximus by 61.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 381 shares of the health services provider’s stock worth $28,000 after purchasing an additional 145 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Maximus by 71.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 352 shares of the health services provider’s stock valued at $30,000 after acquiring an additional 147 shares in the last quarter. Metropolitan Life Insurance Co NY raised its holdings in shares of Maximus by 4.4% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 3,813 shares of the health services provider’s stock valued at $280,000 after purchasing an additional 162 shares during the last quarter. Captrust Financial Advisors boosted its holdings in Maximus by 14.9% during the second quarter. Captrust Financial Advisors now owns 1,303 shares of the health services provider’s stock worth $81,000 after purchasing an additional 169 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in Maximus by 4.5% in the 1st quarter. Cetera Investment Advisers now owns 4,253 shares of the health services provider’s stock worth $319,000 after purchasing an additional 184 shares in the last quarter. Institutional investors and hedge funds own 97.21% of the company’s stock.

Maximus Price Performance

Shares of NYSE MMS traded up $0.54 during midday trading on Thursday, hitting $84.03. 213,819 shares of the company’s stock were exchanged, compared to its average volume of 359,261. Maximus, Inc. has a 12-month low of $72.39 and a 12-month high of $89.69. The company has a market cap of $5.13 billion, a price-to-earnings ratio of 27.97 and a beta of 0.73. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.71. The business’s fifty day moving average price is $82.88 and its two-hundred day moving average price is $80.67.

Maximus (NYSE:MMS) last posted its quarterly earnings data on Wednesday, February 7th. The health services provider reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.06. Maximus had a net margin of 3.73% and a return on equity of 15.68%. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the company posted $0.94 EPS. The business’s quarterly revenue was up 6.2% on a year-over-year basis. As a group, research analysts forecast that Maximus, Inc. will post 5.41 EPS for the current fiscal year.

Maximus Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.43%. The ex-dividend date was Wednesday, February 14th. Maximus’s dividend payout ratio is 39.74%.

Insider Transactions at Maximus

In related news, CFO David Mutryn sold 8,000 shares of Maximus stock in a transaction on Friday, February 16th. The shares were sold at an average price of $83.95, for a total value of $671,600.00. Following the sale, the chief financial officer now owns 5,124 shares in the company, valued at $430,159.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MMS. Raymond James downgraded shares of Maximus from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 3rd. TheStreet upgraded Maximus from a “c+” rating to a “b-” rating in a research report on Monday, December 4th. Finally, StockNews.com raised Maximus from a “hold” rating to a “buy” rating in a report on Thursday, February 8th.

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.