Strs Ohio Sells 11,700 Shares of Maximus, Inc. (NYSE:MMS)

Strs Ohio cut its stake in shares of Maximus, Inc. (NYSE:MMS) by 63.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,700 shares of the health services provider’s stock after selling 11,700 shares during the quarter. Strs Ohio’s holdings in Maximus were worth $561,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MMS. VisionPoint Advisory Group LLC grew its stake in shares of Maximus by 61.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 381 shares of the health services provider’s stock valued at $28,000 after acquiring an additional 145 shares during the period. Anchor Investment Management LLC purchased a new position in Maximus in the 4th quarter worth approximately $32,000. Planned Solutions Inc. purchased a new position in Maximus in the 4th quarter worth approximately $59,000. Fifth Third Bancorp lifted its holdings in Maximus by 57.9% in the 4th quarter. Fifth Third Bancorp now owns 998 shares of the health services provider’s stock worth $84,000 after purchasing an additional 366 shares in the last quarter. Finally, NBC Securities Inc. purchased a new position in Maximus in the 3rd quarter worth approximately $85,000. 97.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the company. StockNews.com raised Maximus from a “hold” rating to a “buy” rating in a report on Thursday, February 8th. Raymond James cut Maximus from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 3rd.

Maximus Stock Down 0.2 %

Shares of MMS opened at $80.43 on Friday. The stock has a market capitalization of $4.91 billion, a price-to-earnings ratio of 26.63 and a beta of 0.72. Maximus, Inc. has a 1 year low of $72.39 and a 1 year high of $89.69. The business’s 50 day simple moving average is $82.46 and its 200-day simple moving average is $81.32. 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 (NYSE:MMS) last issued its quarterly earnings data on Wednesday, February 7th. The health services provider reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.06. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Maximus had a return on equity of 15.68% and a net margin of 3.73%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.94 EPS. As a group, equities analysts expect that Maximus, Inc. will post 5.42 earnings per share for the current fiscal year.

Maximus Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.49%. Maximus’s dividend payout ratio (DPR) is 39.74%.

Insider Transactions at Maximus

In other news, CFO David Mutryn sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $83.95, for a total transaction of $671,600.00. Following the sale, the chief financial officer now directly owns 5,124 shares of the company’s stock, valued at approximately $430,159.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.40% of the company’s stock.

Maximus Profile

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.