Deutsche Bank AG Has $13.34 Million Stake in Maximus, Inc. (NYSE:MMS)

Key Points

• Deutsche Bank AG has reduced its holdings in Maximus, Inc. by 3.6%, currently owning approximately 195,572 shares valued at $13.34 million.
• Maximus reported $2.16 earnings per share (EPS) for the last quarter, exceeding analyst expectations of $1.39, with a revenue of $1.35 billion.
• The company declared a quarterly dividend of $0.30 per share, indicating an annualized yield of 1.4% and a dividend payout ratio of 22.10%.

Deutsche Bank AG decreased its holdings in Maximus, Inc. (NYSE:MMS - Free Report) by 3.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 195,572 shares of the health services provider's stock after selling 7,262 shares during the quarter. Deutsche Bank AG owned approximately 0.35% of Maximus worth $13,336,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. SG Capital Management LLC acquired a new position in Maximus in the fourth quarter valued at about $30,285,000. Reinhart Partners LLC. raised its stake in Maximus by 65.4% in the first quarter. Reinhart Partners LLC. now owns 911,511 shares of the health services provider's stock valued at $62,156,000 after buying an additional 360,365 shares during the period. Squarepoint Ops LLC acquired a new position in shares of Maximus in the fourth quarter valued at approximately $22,661,000. Voloridge Investment Management LLC grew its position in Maximus by 306.8% during the fourth quarter. Voloridge Investment Management LLC now owns 376,055 shares of the health services provider's stock worth $28,073,000 after buying an additional 283,608 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in Maximus by 189.1% during the fourth quarter. AQR Capital Management LLC now owns 423,298 shares of the health services provider's stock worth $31,599,000 after purchasing an additional 276,859 shares during the last quarter. Institutional investors own 97.21% of the company's stock.

Maximus Price Performance

Shares of NYSE MMS traded down $0.18 during mid-day trading on Friday, hitting $84.31. 625,861 shares of the stock traded hands, compared to its average volume of 619,817. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.27 and a quick ratio of 2.27. Maximus, Inc. has a twelve month low of $63.77 and a twelve month high of $93.94. The company has a market cap of $4.75 billion, a PE ratio of 15.53 and a beta of 0.60. The firm has a 50 day simple moving average of $73.03 and a two-hundred day simple moving average of $70.70.

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

Maximus Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, August 15th. Maximus's dividend payout ratio (DPR) is presently 22.10%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Maximus news, Director Gayathri Rajan sold 7,913 shares of the stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $72.38, for a total transaction of $572,742.94. Following the completion of the sale, the director directly owned 14,205 shares in the company, valued at approximately $1,028,157.90. This trade 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. Insiders own 1.60% of the company's stock.

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.