Hsbc Holdings PLC boosted its holdings in Maximus, Inc. (NYSE:MMS – Free Report) by 497.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 13,886 shares of the health services provider’s stock after buying an additional 11,563 shares during the period. Hsbc Holdings PLC’s holdings in Maximus were worth $1,205,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its holdings in Maximus by 69.0% during the 4th quarter. Farther Finance Advisors LLC now owns 284 shares of the health services provider’s stock worth $25,000 after acquiring an additional 116 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of Maximus during the third quarter valued at $32,000. Canada Pension Plan Investment Board bought a new position in shares of Maximus during the second quarter valued at $35,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Maximus by 225.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 439 shares of the health services provider’s stock worth $38,000 after purchasing an additional 304 shares during the period. Finally, Richardson Financial Services Inc. grew its stake in shares of Maximus by 29.6% in the fourth quarter. Richardson Financial Services Inc. now owns 451 shares of the health services provider’s stock worth $39,000 after purchasing an additional 103 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.
Maximus Stock Performance
Shares of MMS opened at $53.94 on Thursday. Maximus, Inc. has a one year low of $52.73 and a one year high of $100.00. The company has a market cap of $2.83 billion, a PE ratio of 8.07 and a beta of 0.60. The stock has a 50-day moving average of $60.85 and a 200-day moving average of $73.22. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.21 and a quick ratio of 2.21.
Maximus Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were issued a dividend of $0.33 per share. The ex-dividend date was Friday, May 15th. This represents a $1.32 annualized dividend and a yield of 2.4%. Maximus’s dividend payout ratio is presently 19.76%.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the company. Weiss Ratings downgraded Maximus from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 20th. Zacks Research lowered Maximus from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Wall Street Zen raised shares of Maximus from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.
Read Our Latest Analysis on MMS
About Maximus
Maximus, Inc (NYSE: MMS) is a global provider of government services focused on delivering health and human services programs. The company partners with federal, state, and local agencies to administer and manage programs that support individuals and families across various stages of life. Key service areas include eligibility determination and enrollment services for Medicaid, Medicare, Children’s Health Insurance Program (CHIP) and other public assistance programs, as well as call center operations, case management and program integrity solutions.
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