Knights of Columbus Asset Advisors LLC Reduces Stock Position in Maximus, Inc. (NYSE:MMS)

Key Points

• Knights of Columbus Asset Advisors LLC has decreased its stock position in Maximus, Inc. by 27.9%, now holding 27,349 shares valued at approximately $1.86 million.
• Maximus, Inc. recently reported a quarterly earnings per share (EPS) of $2.01, exceeding analysts' estimates by $0.64 and showing a slight year-over-year revenue increase of 1.0%.
• The firm declared a quarterly dividend of $0.30 per share, which will be paid on August 31st, representing an annualized yield of 1.63%.

Knights of Columbus Asset Advisors LLC decreased its position in Maximus, Inc. (NYSE:MMS - Free Report) by 27.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,349 shares of the health services provider's stock after selling 10,575 shares during the period. Knights of Columbus Asset Advisors LLC's holdings in Maximus were worth $1,865,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Captrust Financial Advisors purchased a new position in Maximus in the 4th quarter worth $276,000. GAMMA Investing LLC boosted its holdings in Maximus by 67.1% in the 1st quarter. GAMMA Investing LLC now owns 732 shares of the health services provider's stock worth $50,000 after buying an additional 294 shares during the last quarter. Blue Trust Inc. boosted its holdings in Maximus by 32.8% in the 1st quarter. Blue Trust Inc. now owns 1,228 shares of the health services provider's stock worth $84,000 after buying an additional 303 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Maximus by 70.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 10,145 shares of the health services provider's stock worth $692,000 after buying an additional 4,196 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its holdings in Maximus by 24.0% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,461 shares of the health services provider's stock worth $441,000 after buying an additional 1,249 shares during the last quarter. Hedge funds and other institutional investors own 97.21% of the company's stock.

Insider Activity at Maximus

In related news, Director Gayathri Rajan sold 7,913 shares of the 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 completion of the transaction, the director directly 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.60% of the company's stock.

Maximus Stock Up 0.4%

Shares of MMS stock traded up $0.31 on Wednesday, reaching $72.07. 65,932 shares of the stock were exchanged, compared to its average volume of 551,954. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.87. The business's 50 day moving average price is $71.41 and its 200 day moving average price is $70.59. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of 14.34 and a beta of 0.61. Maximus, Inc. has a twelve month low of $63.77 and a twelve month high of $93.97.

Maximus (NYSE:MMS - Get Free Report) last released its quarterly earnings data 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. Maximus had a net margin of 5.56% and a return on equity of 23.37%. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the firm posted $1.57 earnings per share. Maximus's revenue for the quarter was up 1.0% on a year-over-year basis. As a group, sell-side analysts expect that Maximus, Inc. will post 6.15 earnings per share for the current fiscal year.

Maximus Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, August 31st. Stockholders of record on Friday, August 15th will be issued a $0.30 dividend. The ex-dividend date is Friday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.67%. Maximus's payout ratio is 23.86%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Maximus from a "buy" rating to a "hold" rating in a report 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.