Neo Ivy Capital Management Acquires New Stake in Maximus, Inc. (NYSE:MMS)

Key Points

• Neo Ivy Capital Management bought 6,342 shares of Maximus, Inc. (NYSE:MMS) valued at approximately $432,000 in the first quarter, highlighting renewed interest in the health services provider.
• Maximus reported earnings per share (EPS) of $2.01 for the last quarter, exceeding analysts' expectations of $1.37, and noted a revenue increase of 1.0% year-over-year.
• Insider activity includes the sale of 7,913 shares by Director Gayathri Rajan, reducing their ownership by 35.78% and raising questions about insider confidence in the company's future.

Neo Ivy Capital Management acquired a new stake in Maximus, Inc. (NYSE:MMS - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 6,342 shares of the health services provider's stock, valued at approximately $432,000.

A number of other hedge funds have also recently made changes to their positions in MMS. Raymond James Financial Inc. acquired a new position in Maximus during the 4th quarter valued at about $1,169,000. American Century Companies Inc. grew its holdings in Maximus by 63.0% during the fourth quarter. American Century Companies Inc. now owns 21,547 shares of the health services provider's stock worth $1,608,000 after buying an additional 8,332 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Maximus in the 4th quarter valued at $1,821,000. Vanguard Group Inc. lifted its stake in Maximus by 3.2% during the 4th quarter. Vanguard Group Inc. now owns 6,548,284 shares of the health services provider's stock valued at $488,829,000 after acquiring an additional 205,564 shares in the last quarter. Finally, Prudential Financial Inc. boosted its holdings in Maximus by 20.1% during the 4th quarter. Prudential Financial Inc. now owns 21,927 shares of the health services provider's stock worth $1,637,000 after acquiring an additional 3,669 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Maximus

In related news, Director Gayathri Rajan sold 7,913 shares of the business's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $72.38, for a total transaction of $572,742.94. Following the sale, the director directly owned 14,205 shares in the company, valued at approximately $1,028,157.90. The trade was a 35.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Maximus Stock Performance

NYSE:MMS traded up $0.08 during trading on Wednesday, reaching $71.84. The company's stock had a trading volume of 41,476 shares, compared to its average volume of 551,831. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of 14.28 and a beta of 0.61. Maximus, Inc. has a 12 month low of $63.77 and a 12 month high of $93.97. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a 50 day moving average of $71.41 and a 200-day moving average of $70.59.

Maximus (NYSE:MMS - Get Free Report) last released its earnings results on Thursday, May 8th. The health services provider reported $2.01 earnings per share for the quarter, beating analysts' consensus estimates of $1.37 by $0.64. Maximus had a net margin of 5.56% and a return on equity of 23.37%. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the firm earned $1.57 EPS. The company's revenue was up 1.0% compared to the same quarter last year. Research analysts expect that Maximus, Inc. will post 6.15 EPS for the current fiscal year.

Maximus Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, August 31st. Shareholders of record on Friday, August 15th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, August 15th. This represents a $1.20 annualized dividend and a dividend yield of 1.67%. Maximus's dividend payout ratio is currently 23.86%.

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.