Trust Point Inc. Acquires New Stake in Maximus, Inc. (NYSE:MMS)

Trust Point Inc. acquired a new stake in shares of Maximus, Inc. (NYSE:MMS) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,124 shares of the health services provider’s stock, valued at approximately $430,000.

Other large investors have also recently added to or reduced their stakes in the company. Legato Capital Management LLC lifted its position in Maximus by 134.1% during the fourth quarter. Legato Capital Management LLC now owns 23,521 shares of the health services provider’s stock worth $1,972,000 after buying an additional 13,474 shares during the period. Graham Capital Management L.P. purchased a new position in Maximus during the third quarter worth about $2,709,000. SG Capital Management LLC purchased a new position in Maximus during the third quarter worth about $5,951,000. SG Americas Securities LLC purchased a new position in Maximus during the third quarter worth about $2,262,000. Finally, QRG Capital Management Inc. purchased a new position in Maximus during the third quarter worth about $471,000. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Maximus Stock Performance

Maximus stock opened at $81.07 on Friday. The stock’s 50-day moving average is $82.74 and its 200-day moving average is $80.78. The company has a market cap of $4.95 billion, a price-to-earnings ratio of 26.84 and a beta of 0.72. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.69 and a quick ratio of 1.69. Maximus, Inc. has a 12 month low of $72.39 and a 12 month high of $89.69.

Maximus (NYSE:MMS) last posted its earnings results on Wednesday, February 7th. The health services provider reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.06. Maximus had a return on equity of 15.68% and a net margin of 3.73%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the firm earned $0.94 earnings per share. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. Equities analysts anticipate that Maximus, Inc. will post 5.41 earnings per share for the current year.

Maximus Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.48%. Maximus’s dividend payout ratio (DPR) is currently 39.74%.

Insider Activity

In other news, CFO David Mutryn sold 8,000 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $83.95, for a total value of $671,600.00. Following the completion of 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 legal filing with the SEC, which is available through this link. Insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on MMS shares. StockNews.com upgraded Maximus from a “hold” rating to a “buy” rating in a report on Thursday, February 8th. Raymond James downgraded Maximus from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 3rd.

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.