Fort Washington Investment Advisors Inc. OH Has $22.13 Million Stock Holdings in Maximus, Inc. (NYSE:MMS)

Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of Maximus, Inc. (NYSE:MMS) by 39.1% during the 4th quarter, Holdings Channel reports. The firm owned 296,476 shares of the health services provider’s stock after purchasing an additional 83,390 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Maximus were worth $22,132,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Maximus by 942.9% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 323,300 shares of the health services provider’s stock worth $27,707,000 after buying an additional 292,300 shares during the period. Nordea Investment Management AB bought a new stake in Maximus in the fourth quarter valued at $4,618,000. Versor Investments LP raised its holdings in shares of Maximus by 213.5% during the third quarter. Versor Investments LP now owns 8,500 shares of the health services provider’s stock valued at $792,000 after purchasing an additional 5,789 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Maximus by 12.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 929,066 shares of the health services provider’s stock worth $86,552,000 after purchasing an additional 102,350 shares in the last quarter. Finally, Citigroup Inc. grew its stake in shares of Maximus by 143.3% in the 3rd quarter. Citigroup Inc. now owns 59,448 shares of the health services provider’s stock valued at $5,538,000 after buying an additional 35,012 shares during the period. 97.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. StockNews.com lowered Maximus from a “buy” rating to a “hold” rating in a report on Friday, December 27th. Raymond James upgraded Maximus from a “market perform” rating to an “outperform” rating and set a $90.00 target price on the stock in a report on Thursday, January 2nd.

Maximus Price Performance

Shares of NYSE MMS opened at $77.69 on Thursday. The stock has a market cap of $4.68 billion, a price-to-earnings ratio of 15.54 and a beta of 0.73. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.49 and a current ratio of 1.49. Maximus, Inc. has a fifty-two week low of $69.72 and a fifty-two week high of $93.97. The firm’s 50-day simple moving average is $74.96 and its 200 day simple moving average is $84.47.

Maximus Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Saturday, February 15th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.54%. Maximus’s payout ratio is 24.00%.

Insider Buying and Selling

In other news, CEO Bruce Caswell acquired 3,500 shares of Maximus stock in a transaction on Tuesday, December 17th. The stock was acquired at an average cost of $70.64 per share, with a total value of $247,240.00. Following the transaction, the chief executive officer now owns 275,929 shares of the company’s stock, valued at approximately $19,491,624.56. This trade represents a 1.28 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michelle F. Link sold 2,208 shares of Maximus stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $73.83, for a total transaction of $163,016.64. Following the transaction, the insider now directly owns 6,567 shares in the company, valued at approximately $484,841.61. This represents a 25.16 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 7,063 shares of company stock worth $502,017. 1.40% of the stock is owned by corporate insiders.

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.