Millennium Management LLC Sells 276,420 Shares of Maximus, Inc. (NYSE:MMS)

Millennium Management LLC cut its stake in Maximus, Inc. (NYSE:MMS - Free Report) by 45.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 336,679 shares of the health services provider's stock after selling 276,420 shares during the quarter. Millennium Management LLC owned 0.59% of Maximus worth $25,133,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in MMS. UMB Bank n.a. grew its position in Maximus by 79.8% during the fourth quarter. UMB Bank n.a. now owns 356 shares of the health services provider's stock valued at $27,000 after buying an additional 158 shares during the period. V Square Quantitative Management LLC grew its position in Maximus by 65.9% during the fourth quarter. V Square Quantitative Management LLC now owns 453 shares of the health services provider's stock valued at $34,000 after buying an additional 180 shares during the period. Hillsdale Investment Management Inc. grew its position in Maximus by 0.4% during the fourth 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 period. Bridge City Capital LLC grew its position in Maximus by 0.9% during the fourth quarter. Bridge City Capital LLC now owns 28,503 shares of the health services provider's stock valued at $2,128,000 after buying an additional 254 shares during the period. Finally, Inspire Advisors LLC grew its position in Maximus by 3.1% during the fourth quarter. Inspire Advisors LLC now owns 8,650 shares of the health services provider's stock valued at $646,000 after buying an additional 258 shares during the period. 97.21% of the stock is currently owned by institutional investors.

Insider Transactions at Maximus

In related news, Director Jan Madsen sold 2,439 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $67.71, for a total value of $165,144.69. Following the sale, the director now owns 18,097 shares in the company, valued at approximately $1,225,347.87. The trade was a 11.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ilene R. Baylinson sold 14,500 shares of the business's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $68.14, for a total transaction of $988,030.00. Following the completion of the sale, the insider now owns 2,512 shares in the company, valued at $171,167.68. This represents a 85.23% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Maximus from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th.

Maximus Price Performance

Shares of NYSE:MMS opened at $75.16 on Tuesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.72 and a quick ratio of 1.72. Maximus, Inc. has a 1-year low of $63.77 and a 1-year high of $93.97. The company has a market capitalization of $4.24 billion, a P/E ratio of 16.16 and a beta of 0.61. The firm's 50 day simple moving average is $68.88 and its two-hundred day simple moving average is $72.47.

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

Maximus Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, May 31st. Stockholders of record on Thursday, May 15th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Thursday, May 15th. Maximus's dividend payout ratio (DPR) is presently 23.86%.

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.

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