Maximus, Inc. (NYSE:MMS) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its holdings in Maximus, Inc. (NYSE:MMS - Free Report) by 3.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,371 shares of the health services provider's stock after selling 6,410 shares during the quarter. Principal Financial Group Inc. owned about 0.28% of Maximus worth $10,868,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Hillsdale Investment Management Inc. increased its position in shares of Maximus by 0.4% during the fourth quarter. Hillsdale Investment Management Inc. now owns 52,400 shares of the health services provider's stock worth $3,912,000 after acquiring an additional 230 shares during the period. UMB Bank n.a. boosted its stake in shares of Maximus by 70.2% during the first quarter. UMB Bank n.a. now owns 606 shares of the health services provider's stock worth $41,000 after buying an additional 250 shares during the period. Bridge City Capital LLC raised its holdings in Maximus by 0.9% during the fourth quarter. Bridge City Capital LLC now owns 28,503 shares of the health services provider's stock worth $2,128,000 after purchasing an additional 254 shares in the last quarter. GAMMA Investing LLC raised its holdings in Maximus by 67.1% during the first quarter. GAMMA Investing LLC now owns 732 shares of the health services provider's stock worth $50,000 after purchasing an additional 294 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in Maximus by 32.8% in the first quarter. Blue Trust Inc. now owns 1,228 shares of the health services provider's stock valued at $84,000 after buying an additional 303 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company's stock.

Analysts Set New Price Targets

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

Insider Activity at Maximus

In related news, Director Gayathri Rajan sold 7,913 shares of the company's stock in a transaction on 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is currently owned by company insiders.

Maximus Stock Performance

Shares of MMS stock opened at $71.55 on Monday. Maximus, Inc. has a 12 month low of $63.77 and a 12 month high of $93.97. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.84 and a quick ratio of 1.84. The firm has a market capitalization of $4.03 billion, a P/E ratio of 14.23 and a beta of 0.61. The company's fifty day moving average price is $71.65 and its two-hundred day moving average price is $70.90.

Maximus (NYSE:MMS - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The health services provider reported $2.01 earnings per share for the quarter, beating analysts' consensus estimates of $1.37 by $0.64. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.29 billion. Maximus had a net margin of 5.56% and a return on equity of 23.37%. The company's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.57 EPS. On average, research analysts anticipate that Maximus, Inc. will post 6.15 earnings per share for the current fiscal year.

Maximus Announces Dividend

The firm 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 dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.20 annualized dividend and a dividend yield of 1.68%. Maximus's dividend payout ratio (DPR) is 23.86%.

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.

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