Teacher Retirement System of Texas Sells 38,297 Shares of Maximus, Inc. (NYSE:MMS)

Teacher Retirement System of Texas reduced its stake in Maximus, Inc. (NYSE:MMS - Free Report) by 55.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,840 shares of the health services provider's stock after selling 38,297 shares during the period. Teacher Retirement System of Texas owned approximately 0.05% of Maximus worth $2,103,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. UMB Bank n.a. grew its position in Maximus by 70.2% during the 1st quarter. UMB Bank n.a. now owns 606 shares of the health services provider's stock worth $41,000 after acquiring an additional 250 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Maximus by 67.1% during the 1st quarter. GAMMA Investing LLC now owns 732 shares of the health services provider's stock worth $50,000 after buying an additional 294 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of 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 purchasing an additional 428 shares during the period. NBC Securities Inc. lifted its stake in shares of Maximus by 114,900.0% in 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. Finally, Blue Trust Inc. increased its position in shares of Maximus by 32.8% in the 1st 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. 97.21% of the stock is currently owned by institutional investors.

Maximus Stock Performance

NYSE:MMS traded up $0.91 during mid-day trading on Monday, hitting $72.40. The stock had a trading volume of 429,113 shares, compared to its average volume of 572,740. Maximus, Inc. has a twelve month low of $63.77 and a twelve month high of $93.97. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of 14.39 and a beta of 0.61. The company's 50 day simple moving average is $71.65 and its 200 day simple moving average is $70.90. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.84 and a current ratio of 1.84.

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

Maximus Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, August 31st. Stockholders 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 dividend yield of 1.66%. The ex-dividend date is Friday, August 15th. Maximus's dividend payout ratio is presently 23.86%.

Analyst Ratings Changes

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

Insider Activity

In related news, Director Gayathri Rajan sold 7,913 shares of the business's stock in a transaction that occurred on Friday, May 30th. The stock was 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 in the company, valued at approximately $1,028,157.90. The trade was a 35.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.60% of the stock is currently 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.