Principal Financial Group Inc. Has $10.87 Million Position in Maximus, Inc. (NYSE:MMS)

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

A number of other large investors have also added to or reduced their stakes in MMS. Raymond James Financial Inc. bought a new position in Maximus in the 4th quarter valued at approximately $1,169,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Maximus by 19.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,413 shares of the health services provider's stock valued at $1,151,000 after buying an additional 2,464 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Maximus by 109.2% in the 4th quarter. Farther Finance Advisors LLC now owns 820 shares of the health services provider's stock valued at $61,000 after buying an additional 428 shares during the last quarter. Avantax Advisory Services Inc. raised its holdings in Maximus by 4.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 19,097 shares of the health services provider's stock valued at $1,426,000 after buying an additional 869 shares during the last quarter. Finally, Cibc World Markets Corp bought a new position in Maximus during the 4th quarter worth approximately $420,000. Institutional investors own 97.21% of the company's stock.

Wall Street Analysts Forecast Growth

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

Maximus Trading Up 0.4%

Maximus stock traded up $0.29 during mid-day trading on Thursday, hitting $71.40. 317,873 shares of the stock were exchanged, compared to its average volume of 573,551. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.87. Maximus, Inc. has a 12 month low of $63.77 and a 12 month high of $93.97. The firm's fifty day simple moving average is $71.83 and its two-hundred day simple moving average is $70.88. The stock has a market capitalization of $4.02 billion, a price-to-earnings ratio of 14.19 and a beta of 0.61.

Maximus (NYSE:MMS - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The health services provider reported $2.01 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the business earned $1.57 EPS. The company's revenue was up 1.0% compared to the same quarter last year. Analysts forecast that Maximus, Inc. will post 6.15 EPS for the current year.

Maximus Announces Dividend

The business also recently disclosed 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. 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 is currently 23.86%.

Insider Buying and Selling at Maximus

In other news, Director Gayathri Rajan sold 7,913 shares of Maximus stock in a transaction 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 owned 14,205 shares in the company, valued at $1,028,157.90. The trade was a 35.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.60% of the stock is owned by corporate insiders.

Maximus Company 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.