Maximus, Inc. (NYSE:MMS) Stock Position Lowered by Wellington Management Group LLP

Wellington Management Group LLP lowered its position in shares of Maximus, Inc. (NYSE:MMS - Free Report) by 19.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 323,047 shares of the health services provider's stock after selling 79,833 shares during the period. Wellington Management Group LLP owned approximately 0.57% of Maximus worth $24,115,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. V Square Quantitative Management LLC grew its stake in Maximus by 65.9% during the 4th quarter. V Square Quantitative Management LLC now owns 453 shares of the health services provider's stock valued at $34,000 after purchasing an additional 180 shares in the last quarter. Hillsdale Investment Management Inc. boosted its stake in shares of Maximus by 0.4% during the 4th quarter. Hillsdale Investment Management Inc. now owns 52,400 shares of the health services provider's stock valued at $3,912,000 after buying an additional 230 shares during the last quarter. Bridge City Capital LLC grew its position in shares of 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 buying an additional 254 shares in the last quarter. Inspire Advisors LLC increased its stake in shares of Maximus by 3.1% in the fourth quarter. Inspire Advisors LLC now owns 8,650 shares of the health services provider's stock worth $646,000 after buying an additional 258 shares during the last quarter. Finally, IFP Advisors Inc raised its holdings in Maximus by 62.4% in the fourth quarter. IFP Advisors Inc now owns 786 shares of the health services provider's stock valued at $59,000 after acquiring an additional 302 shares in the last quarter. 97.21% of the stock is owned by institutional investors and hedge funds.

Maximus Stock Down 0.6%

Maximus stock traded down $0.46 during midday trading on Wednesday, hitting $71.29. The stock had a trading volume of 84,325 shares, compared to its average volume of 561,919. The business has a fifty day moving average price of $70.09 and a 200 day moving average price of $71.45. Maximus, Inc. has a 12 month low of $63.77 and a 12 month high of $93.97. The stock has a market cap of $4.02 billion, a P/E ratio of 15.33 and a beta of 0.61. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.82.

Maximus (NYSE:MMS - Get Free Report) last issued its earnings results on Thursday, May 8th. The health services provider reported $2.01 EPS for the quarter, topping the consensus estimate of $1.37 by $0.64. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.29 billion. Maximus had a return on equity of 21.95% and a net margin of 5.28%. The business's revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.57 EPS. Research analysts predict that Maximus, Inc. will post 6.15 EPS for the current year.

Maximus Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, May 31st. Shareholders of record on Thursday, May 15th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.68%. Maximus's dividend payout ratio (DPR) is 23.86%.

Insider Transactions at Maximus

In other Maximus news, Director Jan Madsen sold 2,439 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $67.71, for a total value of $165,144.69. Following the sale, the director now directly owns 18,097 shares of the company's stock, valued at $1,225,347.87. This trade represents a 11.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gayathri Rajan sold 7,913 shares of the firm's 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 now owns 14,205 shares in the company, valued at $1,028,157.90. The trade was a 35.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

Analyst Upgrades and Downgrades

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

About Maximus

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.