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Meeder Asset Management Inc. Has $2.79 Million Position in Maximus, Inc. (NYSE:MMS)

Maximus logo with Business Services background

Key Points

  • Meeder Asset Management Inc. increased its holdings in Maximus, Inc. by 117% during the first quarter, owning 40,895 shares worth approximately $2.79 million.
  • Maximus recently reported quarterly earnings of $2.01 per share, exceeding analysts' expectations of $1.37, with a revenue of $1.36 billion.
  • The company declared a quarterly dividend of $0.30 per share, reflecting an annualized dividend yield of 1.65%, to be paid on August 31st.
  • Five stocks we like better than Maximus.

Meeder Asset Management Inc. increased its holdings in shares of Maximus, Inc. (NYSE:MMS - Free Report) by 117.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,895 shares of the health services provider's stock after buying an additional 22,046 shares during the period. Meeder Asset Management Inc. owned 0.07% of Maximus worth $2,789,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of MMS. LRI Investments LLC increased its holdings in Maximus by 11.9% in the first quarter. LRI Investments LLC now owns 1,833 shares of the health services provider's stock valued at $125,000 after purchasing an additional 195 shares during the last quarter. Cetera Investment Advisers boosted its stake in Maximus by 5.8% during the 1st quarter. Cetera Investment Advisers now owns 4,519 shares of the health services provider's stock worth $308,000 after acquiring an additional 247 shares during the last quarter. UMB Bank n.a. grew its holdings in Maximus by 70.2% during the first quarter. UMB Bank n.a. now owns 606 shares of the health services provider's stock valued at $41,000 after purchasing an additional 250 shares during the period. Nisa Investment Advisors LLC increased its stake in Maximus by 0.7% in the first quarter. Nisa Investment Advisors LLC now owns 39,936 shares of the health services provider's stock valued at $2,723,000 after purchasing an additional 290 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Maximus by 67.1% in 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 during the period. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Maximus Stock Down 1.3%

Shares of Maximus stock traded down $0.99 on Friday, hitting $72.87. The company had a trading volume of 283,335 shares, compared to its average volume of 554,722. Maximus, Inc. has a twelve month low of $63.77 and a twelve month high of $93.94. 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 stock has a 50-day moving average of $71.30 and a 200-day moving average of $70.58. The firm has a market capitalization of $4.11 billion, a P/E ratio of 14.49 and a beta of 0.61.

Maximus (NYSE:MMS - Get Free Report) last released its earnings results 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. The firm had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.29 billion. Maximus had a return on equity of 23.37% and a net margin of 5.56%. The company's revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.57 EPS. Research analysts predict that Maximus, Inc. will post 6.15 earnings per share for the current year.

Maximus Announces Dividend

The firm 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 dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, August 15th. Maximus's dividend payout ratio is currently 23.86%.

Analysts Set New Price Targets

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

Get Our Latest Report on MMS

Insider Activity at Maximus

In related news, Director Gayathri Rajan sold 7,913 shares of Maximus stock in a transaction dated Friday, May 30th. The stock was 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. The trade was a 35.78% decrease in their ownership of the stock. 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 currently owned by corporate insiders.

Maximus Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Maximus (NYSE:MMS)

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