Advisor Group Inc. Purchases 279 Shares of MAXIMUS, Inc. (MMS)

Advisor Group Inc. raised its position in MAXIMUS, Inc. (NYSE:MMS) by 47.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 869 shares of the health services provider’s stock after acquiring an additional 279 shares during the quarter. Advisor Group Inc.’s holdings in MAXIMUS were worth $56,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Oregon Public Employees Retirement Fund grew its position in MAXIMUS by 6,329.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,656,085 shares of the health services provider’s stock valued at $25,000 after acquiring an additional 1,630,329 shares in the last quarter. Quantamental Technologies LLC acquired a new stake in MAXIMUS in the fourth quarter valued at approximately $38,000. Tributary Capital Management LLC acquired a new stake in MAXIMUS in the fourth quarter valued at approximately $52,000. Huntington National Bank grew its position in MAXIMUS by 262.5% in the fourth quarter. Huntington National Bank now owns 928 shares of the health services provider’s stock valued at $60,000 after acquiring an additional 672 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in MAXIMUS by 266.3% in the fourth quarter. Parallel Advisors LLC now owns 1,824 shares of the health services provider’s stock valued at $118,000 after acquiring an additional 1,326 shares in the last quarter. 95.61% of the stock is owned by institutional investors.

In related news, Director Russell A. Beliveau sold 1,000 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $71.40, for a total transaction of $71,400.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Richard A. Montoni sold 35,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $70.97, for a total value of $2,483,950.00. Following the transaction, the insider now owns 412,874 shares in the company, valued at $29,301,667.78. The disclosure for this sale can be found here. Insiders have sold 54,715 shares of company stock valued at $3,873,949 in the last three months. Corporate insiders own 2.20% of the company’s stock.

Several analysts have issued reports on the stock. Zacks Investment Research downgraded shares of MAXIMUS from a “buy” rating to a “sell” rating in a research report on Friday. ValuEngine downgraded shares of MAXIMUS from a “buy” rating to a “hold” rating in a research report on Thursday, February 28th.

MMS stock opened at $70.81 on Tuesday. MAXIMUS, Inc. has a twelve month low of $60.00 and a twelve month high of $73.81. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.32 and a quick ratio of 2.32. The company has a market cap of $4.49 billion, a PE ratio of 20.83, a P/E/G ratio of 1.92 and a beta of 0.96.

MAXIMUS (NYSE:MMS) last released its quarterly earnings results on Thursday, February 7th. The health services provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. MAXIMUS had a net margin of 8.94% and a return on equity of 20.09%. The business had revenue of $664.60 million during the quarter, compared to the consensus estimate of $672.08 million. During the same quarter last year, the company earned $0.89 earnings per share. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. On average, analysts anticipate that MAXIMUS, Inc. will post 3.66 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Tuesday, May 14th. MAXIMUS’s payout ratio is currently 29.41%.

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About MAXIMUS

MAXIMUS, Inc provides business process services (BPS) to government health and human services programs worldwide. The company's Health Services segment offers various BPS, appeals, and assessments for state, provincial, and national government programs, including Medicaid, Children's Health Insurance Program, Affordable Care Act, Health Insurance British Columbia, Health Assessment Advisory Service contract, and Preadmission Screening and Resident Reviews.

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Institutional Ownership by Quarter for MAXIMUS (NYSE:MMS)

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