Total Wealth Planning & Management Inc. Buys Shares of 3,471 Maximus, Inc. (NYSE:MMS)

Total Wealth Planning & Management Inc. bought a new stake in shares of Maximus, Inc. (NYSE:MMS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,471 shares of the health services provider’s stock, valued at approximately $259,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. V Square Quantitative Management LLC raised its position in shares of Maximus by 65.9% in the 4th quarter. V Square Quantitative Management LLC now owns 453 shares of the health services provider’s stock worth $34,000 after acquiring an additional 180 shares in the last quarter. R Squared Ltd bought a new position in shares of Maximus in the 4th quarter worth $54,000. IFP Advisors Inc raised its position in shares of Maximus by 62.4% in the 4th 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. Farther Finance Advisors LLC raised its position in shares of Maximus by 109.2% in the 4th quarter. Farther Finance Advisors LLC now owns 820 shares of the health services provider’s stock worth $61,000 after acquiring an additional 428 shares in the last quarter. Finally, Allworth Financial LP raised its position in shares of Maximus by 1,638.4% in the 4th quarter. Allworth Financial LP now owns 1,495 shares of the health services provider’s stock worth $116,000 after acquiring an additional 1,409 shares in the last quarter. 97.21% of the stock is owned by institutional investors.

Maximus Stock Up 3.1%

Shares of MMS stock opened at $74.61 on Wednesday. Maximus, Inc. has a 1-year low of $63.77 and a 1-year high of $93.97. The stock’s fifty day moving average price is $69.59 and its 200 day moving average price is $71.93. 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 company has a market cap of $4.20 billion, a price-to-earnings ratio of 16.05 and a beta of 0.61.

Maximus (NYSE:MMS) last announced its earnings results on Thursday, May 8th. The health services provider reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.64. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.29 billion. Maximus had a return on equity of 21.95% and a net margin of 5.28%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.57 EPS. On average, research analysts expect that Maximus, Inc. will post 6.15 earnings per share for the current fiscal year.

Maximus Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, May 31st. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.20 annualized dividend and a yield of 1.61%. Maximus’s payout ratio is presently 23.86%.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Maximus from a “buy” rating to a “hold” rating in a research report on Thursday, May 15th.

Insider Buying and Selling at Maximus

In other Maximus news, Director Jan Madsen sold 2,439 shares of the business’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $67.71, for a total transaction of $165,144.69. Following the sale, the director now owns 18,097 shares in the company, valued at approximately $1,225,347.87. The trade was a 11.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company 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.