New Age Alpha Advisors LLC Has $3.72 Million Stock Holdings in Maximus, Inc. (NYSE:MMS)

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 grew its position in shares of Maximus, Inc. (NYSE:MMS - Free Report) by 21.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Ruffer LLP grew its stake in Maximus by 2.9% during the 1st quarter. Ruffer LLP now owns 141,566 shares of the health services provider's stock worth $9,653,000 after buying an additional 4,049 shares during the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of Maximus during the first quarter valued at approximately $956,000. Clark Estates Inc. NY acquired a new position in shares of Maximus during the first quarter worth approximately $1,851,000. Vestcor Inc grew its holdings in Maximus by 2.3% in the 1st quarter. Vestcor Inc now owns 9,877 shares of the health services provider's stock worth $674,000 after buying an additional 223 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its position in Maximus by 117.0% in the 1st quarter. Meeder Asset Management Inc. now owns 40,895 shares of the health services provider's stock valued at $2,789,000 after acquiring an additional 22,046 shares during the period. Institutional investors and hedge funds own 97.21% of the company's stock.

Analyst Ratings Changes

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

Maximus Price Performance

Shares of MMS stock traded up $3.40 during midday trading on Thursday, reaching $78.27. 1,114,955 shares of the company were exchanged, compared to its average volume of 490,701. The company's 50 day moving average price is $71.56 and its two-hundred day moving average price is $70.48. 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 company has a market cap of $4.41 billion, a P/E ratio of 15.56 and a beta of 0.60. Maximus, Inc. has a 12 month low of $63.77 and a 12 month high of $93.94.

Maximus (NYSE:MMS - Get Free Report) last released its 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. Maximus had a return on equity of 23.37% and a net margin of 5.56%. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the firm posted $1.74 earnings per share. The firm's revenue for the quarter was up 2.5% compared to the same quarter last year. On average, sell-side analysts expect that Maximus, Inc. will post 6.15 earnings per share for the current year.

Maximus Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, August 31st. Shareholders of record on Friday, August 15th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, August 15th. Maximus's payout ratio is presently 23.86%.

Insider Transactions at Maximus

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

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.