Clark Estates Inc. NY Buys New Shares in Maximus, Inc. (NYSE:MMS)

Key Points

• Clark Estates Inc. NY has acquired 27,138 shares of Maximus, Inc. (NYSE:MMS), valuing the investment at approximately $1.85 million, as disclosed to the SEC.
• Several institutional investors have increased their holdings in Maximus, with Vanguard Group Inc. boosting its position by 3.2% in the last quarter.
• Maximus recently reported quarterly earnings of $2.01 EPS, exceeding analysts' estimates, and announced a $0.30 quarterly dividend with an annualized yield of 1.67%.

Clark Estates Inc. NY bought a new position in Maximus, Inc. (NYSE:MMS - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 27,138 shares of the health services provider's stock, valued at approximately $1,851,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Captrust Financial Advisors bought a new position in Maximus in the fourth quarter worth $276,000. GAMMA Investing LLC lifted its position in Maximus by 67.1% in the first quarter. GAMMA Investing LLC now owns 732 shares of the health services provider's stock worth $50,000 after purchasing an additional 294 shares during the period. Blue Trust Inc. lifted its position in Maximus by 32.8% in the first quarter. Blue Trust Inc. now owns 1,228 shares of the health services provider's stock worth $84,000 after purchasing an additional 303 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Maximus in the first quarter worth $2,115,000. Finally, Janney Montgomery Scott LLC raised its stake in Maximus by 70.5% during the first quarter. Janney Montgomery Scott LLC now owns 10,145 shares of the health services provider's stock worth $692,000 after acquiring an additional 4,196 shares in the last quarter. 97.21% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Gayathri Rajan sold 7,913 shares of the company'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 transaction, the director owned 14,205 shares of the company's stock, valued at $1,028,157.90. This represents a 35.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.60% of the stock is owned by company insiders.

Maximus Price Performance

Maximus stock traded down $1.02 during mid-day trading on Friday, hitting $72.84. 509,770 shares of the company were exchanged, compared to its average volume of 422,065. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.87. The business has a fifty day moving average of $71.31 and a 200 day moving average of $70.55. Maximus, Inc. has a 1-year low of $63.77 and a 1-year high of $93.94. The company has a market capitalization of $4.10 billion, a PE ratio of 14.48 and a beta of 0.61.

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

Maximus Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, August 31st. Stockholders of record on Friday, August 15th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, August 15th. Maximus's dividend payout ratio is 23.86%.

Analysts Set New Price Targets

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

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.