Squarepoint Ops LLC Makes New $22.66 Million Investment in Maximus, Inc. (NYSE:MMS)

Squarepoint Ops LLC purchased a new position in Maximus, Inc. (NYSE:MMS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 303,567 shares of the health services provider’s stock, valued at approximately $22,661,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. UMB Bank n.a. raised its holdings in shares of 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 purchasing an additional 158 shares during the last quarter. V Square Quantitative Management LLC raised its holdings in shares of Maximus by 65.9% during the fourth quarter. V Square Quantitative Management LLC now owns 453 shares of the health services provider’s stock worth $34,000 after purchasing an additional 180 shares during the last quarter. Hillsdale Investment Management Inc. raised its holdings in shares of Maximus by 0.4% during the fourth quarter. Hillsdale Investment Management Inc. now owns 52,400 shares of the health services provider’s stock worth $3,912,000 after purchasing an additional 230 shares during the last quarter. Bridge City Capital LLC raised its holdings in shares of Maximus by 0.9% during the fourth quarter. Bridge City Capital LLC now owns 28,503 shares of the health services provider’s stock worth $2,128,000 after purchasing an additional 254 shares during the last quarter. Finally, Inspire Advisors LLC raised its holdings in shares of Maximus by 3.1% during the fourth quarter. Inspire Advisors LLC now owns 8,650 shares of the health services provider’s stock worth $646,000 after purchasing an additional 258 shares during the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Insider Buying and Selling at Maximus

In other Maximus news, Director Jan Madsen sold 2,439 shares of Maximus stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $67.71, for a total value of $165,144.69. Following the completion of the transaction, the director now owns 18,097 shares of the company’s stock, valued at approximately $1,225,347.87. The trade was a 11.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.60% of the stock is owned by corporate insiders.

Maximus Trading Down 0.5%

Shares of Maximus stock opened at $74.80 on Wednesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.72 and a quick ratio of 1.72. The firm has a fifty day moving average price of $69.04 and a 200 day moving average price of $72.49. Maximus, Inc. has a 1 year low of $63.77 and a 1 year high of $93.97. The stock has a market cap of $4.21 billion, a PE ratio of 16.09 and a beta of 0.61.

Maximus (NYSE:MMS) last issued its earnings results on Thursday, May 8th. The health services provider reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.64. Maximus had a net margin of 5.28% and a return on equity of 21.95%. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the company posted $1.57 earnings per share. The firm’s revenue was up 1.0% compared to the same quarter last year. Equities research analysts predict that Maximus, Inc. will post 6.15 earnings per share for the current year.

Maximus Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, May 31st. Shareholders of record on Thursday, May 15th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 1.60%. Maximus’s payout ratio is 23.86%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Maximus from a “buy” rating to a “hold” rating in a report on Thursday, May 15th.

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.