Maximus, Inc. (NYSE:MMS) Stock Holdings Increased by New Age Alpha Advisors LLC

Key Points

• New Age Alpha Advisors LLC increased its stake in Maximus, Inc. by 21.6% during the 1st quarter, owning 54,495 shares valued at approximately $3.72 million.
• Maximus reported quarterly earnings of $2.01 per share, significantly surpassing analysts' expectations of $1.37, with revenues of $1.36 billion also exceeding estimates.
• The company declared a quarterly dividend of $0.30 per share, giving it an annualized yield of 1.6%, with the ex-dividend date set for August 15th.

New Age Alpha Advisors LLC increased its holdings in Maximus, Inc. (NYSE:MMS - Free Report) by 21.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 54,495 shares of the health services provider's stock after buying an additional 9,691 shares during the period. New Age Alpha Advisors LLC owned about 0.10% of Maximus worth $3,716,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. UMB Bank n.a. boosted its stake in Maximus by 70.2% during the 1st quarter. UMB Bank n.a. now owns 606 shares of the health services provider's stock valued at $41,000 after purchasing an additional 250 shares during the period. GAMMA Investing LLC boosted its stake in Maximus by 67.1% during the 1st quarter. GAMMA Investing LLC now owns 732 shares of the health services provider's stock valued at $50,000 after purchasing an additional 294 shares during the period. NBC Securities Inc. boosted its stake in Maximus by 114,900.0% during the 1st quarter. NBC Securities Inc. now owns 1,150 shares of the health services provider's stock valued at $78,000 after purchasing an additional 1,149 shares during the period. Blue Trust Inc. boosted its stake in Maximus by 32.8% during the 1st quarter. Blue Trust Inc. now owns 1,228 shares of the health services provider's stock valued at $84,000 after purchasing an additional 303 shares during the period. Finally, LRI Investments LLC boosted its stake in Maximus by 44.1% during the 4th quarter. LRI Investments LLC now owns 1,638 shares of the health services provider's stock valued at $122,000 after purchasing an additional 501 shares during the period. 97.21% of the stock is owned by institutional investors and hedge funds.

Maximus Price Performance

Shares of NYSE:MMS traded up $3.01 during trading on Friday, reaching $81.31. The company had a trading volume of 887,266 shares, compared to its average volume of 521,624. The firm's fifty day moving average is $71.73 and its 200 day moving average is $70.50. The firm has a market capitalization of $4.58 billion, a PE ratio of 14.97 and a beta of 0.60. Maximus, Inc. has a twelve month low of $63.77 and a twelve month high of $93.94. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.84 and a current ratio of 2.27.

Maximus (NYSE:MMS - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The health services provider reported $2.16 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.77. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.29 billion. Maximus had a net margin of 5.83% and a return on equity of 24.44%. The business's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.74 EPS. On average, equities analysts forecast that Maximus, Inc. will post 6.15 EPS for the current year.

Maximus Dividend Announcement

The business 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 $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, August 15th. Maximus's dividend payout ratio is currently 23.86%.

Insider Buying and Selling at Maximus

In other news, Director Gayathri Rajan sold 7,913 shares of the company's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $72.38, for a total value of $572,742.94. Following the completion of the sale, the director directly owned 14,205 shares of the company's stock, valued at approximately $1,028,157.90. This represents a 35.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate 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 research note 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.