Fort Washington Investment Advisors Inc. OH Has $16.43 Million Holdings in Maximus, Inc. (NYSE:MMS)

Fort Washington Investment Advisors Inc. OH decreased its holdings in Maximus, Inc. (NYSE:MMS - Free Report) by 18.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 240,983 shares of the health services provider's stock after selling 55,493 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned approximately 0.43% of Maximus worth $16,433,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of MMS. V Square Quantitative Management LLC grew its stake in shares of Maximus by 65.9% in the fourth quarter. V Square Quantitative Management LLC now owns 453 shares of the health services provider's stock worth $34,000 after purchasing an additional 180 shares during the last quarter. UMB Bank n.a. lifted its holdings in Maximus by 70.2% in the first quarter. UMB Bank n.a. now owns 606 shares of the health services provider's stock valued at $41,000 after buying an additional 250 shares during the period. GAMMA Investing LLC lifted its holdings in Maximus by 67.1% in the first quarter. GAMMA Investing LLC now owns 732 shares of the health services provider's stock valued at $50,000 after buying an additional 294 shares during the period. IFP Advisors Inc lifted its holdings in Maximus by 62.4% in the fourth quarter. IFP Advisors Inc now owns 786 shares of the health services provider's stock valued at $59,000 after buying an additional 302 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in Maximus by 109.2% in the fourth quarter. Farther Finance Advisors LLC now owns 820 shares of the health services provider's stock valued at $61,000 after buying an additional 428 shares during the period. Institutional investors own 97.21% of the company's stock.

Maximus Trading Down 0.6%

MMS stock traded down $0.39 during midday trading on Monday, hitting $69.41. The stock had a trading volume of 299,769 shares, compared to its average volume of 567,594. The firm has a market cap of $3.91 billion, a P/E ratio of 14.93 and a beta of 0.62. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.82. Maximus, Inc. has a 1-year low of $63.77 and a 1-year high of $93.97. The business has a fifty day moving average price of $70.53 and a two-hundred day moving average price of $71.12.

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 (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.64. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.29 billion. Maximus had a net margin of 5.28% and a return on equity of 21.95%. Maximus's revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.57 earnings per share. On average, sell-side analysts predict that Maximus, Inc. will post 6.15 earnings per share for the current fiscal year.

Maximus Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, May 31st. Stockholders of record on Thursday, May 15th were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, May 15th. This represents a $1.20 annualized dividend and a dividend yield of 1.73%. Maximus's dividend payout ratio is currently 23.86%.

Insider Activity

In other news, Director Gayathri Rajan sold 7,913 shares of the company's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $72.38, for a total transaction of $572,742.94. Following the transaction, the director now owns 14,205 shares in the company, valued at approximately $1,028,157.90. This represents a 35.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jan Madsen sold 2,439 shares of the company's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $67.71, for a total transaction of $165,144.69. Following the completion of the sale, the director now owns 18,097 shares in the company, valued at $1,225,347.87. This represents a 11.88% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.60% of the company's stock.

Analyst Upgrades and Downgrades

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

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.