Maximus, Inc. (NYSE:MMS) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas trimmed its position in Maximus, Inc. (NYSE:MMS - Free Report) by 55.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 0.05% of Maximus worth $2,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MMS. UMB Bank n.a. lifted its holdings 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 purchasing an additional 250 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Maximus by 67.1% in the 1st quarter. GAMMA Investing LLC now owns 732 shares of the health services provider's stock valued at $50,000 after acquiring an additional 294 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Maximus by 109.2% in the fourth quarter. Farther Finance Advisors LLC now owns 820 shares of the health services provider's stock worth $61,000 after acquiring an additional 428 shares during the period. NBC Securities Inc. raised its holdings in shares of Maximus by 114,900.0% during the first quarter. NBC Securities Inc. now owns 1,150 shares of the health services provider's stock worth $78,000 after purchasing an additional 1,149 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in Maximus by 32.8% during the first quarter. Blue Trust Inc. now owns 1,228 shares of the health services provider's stock valued at $84,000 after purchasing an additional 303 shares during the period. Hedge funds and other institutional investors own 97.21% of the company's stock.

Insider Activity

In related 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 sale, the director owned 14,205 shares of the company's stock, valued at approximately $1,028,157.90. This trade represents a 35.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

Maximus Stock Performance

Shares of NYSE:MMS traded down $1.21 during trading on Friday, hitting $71.55. 415,527 shares of the stock traded hands, compared to its average volume of 573,316. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.87. The company has a fifty day moving average price of $71.65 and a two-hundred day moving average price of $70.92. Maximus, Inc. has a 52-week low of $63.77 and a 52-week high of $93.97. The company has a market cap of $4.03 billion, a price-to-earnings ratio of 14.23 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 EPS for the quarter, beating the consensus estimate of $1.37 by $0.64. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.29 billion. Maximus had a net margin of 5.56% and a return on equity of 23.37%. The firm's revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the business earned $1.57 earnings per share. As a group, equities analysts predict that Maximus, Inc. will post 6.15 EPS for the current year.

Maximus Announces Dividend

The firm also recently announced 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. This represents a $1.20 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Friday, August 15th. Maximus's payout ratio 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.