Retirement Systems of Alabama Has $4.70 Million Stock Holdings in Maximus, Inc. (NYSE:MMS)

Retirement Systems of Alabama lowered its position in Maximus, Inc. (NYSE:MMS - Free Report) by 5.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,889 shares of the health services provider's stock after selling 4,281 shares during the period. Retirement Systems of Alabama owned about 0.12% of Maximus worth $4,698,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in MMS. UMB Bank n.a. increased its position in shares of Maximus by 70.2% in the 1st quarter. UMB Bank n.a. now owns 606 shares of the health services provider's stock valued at $41,000 after buying an additional 250 shares in the last quarter. GAMMA Investing LLC increased its position 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 buying an additional 294 shares in the last quarter. IFP Advisors Inc increased its position in shares of Maximus by 62.4% in the 4th quarter. IFP Advisors Inc now owns 786 shares of the health services provider's stock valued at $59,000 after buying an additional 302 shares in the last quarter. Farther Finance Advisors LLC increased its position 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 buying an additional 428 shares in the last quarter. Finally, NBC Securities Inc. boosted its stake in Maximus by 114,900.0% in the 1st 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 period. Institutional investors own 97.21% of the company's stock.

Insider Transactions at Maximus

In other news, Director Gayathri Rajan sold 7,913 shares of the stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $72.38, for a total transaction of $572,742.94. Following the completion of the transaction, the director now directly owns 14,205 shares in the company, valued at $1,028,157.90. This represents a 35.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.60% of the company's stock.

Maximus Stock Down 1.7%

NYSE MMS traded down $1.19 on Friday, reaching $70.19. The company had a trading volume of 528,451 shares, compared to its average volume of 571,610. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of 13.95 and a beta of 0.62. 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, Inc. has a 1-year low of $63.77 and a 1-year high of $93.97. The company's fifty day moving average is $70.80 and its 200-day moving average is $70.91.

Maximus (NYSE:MMS - Get Free Report) last announced its earnings results on Thursday, May 8th. The health services provider reported $2.01 earnings per share 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 analyst estimates of $1.29 billion. Maximus had a net margin of 5.56% and a return on equity of 23.37%. The company's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.57 EPS. On average, research analysts forecast that Maximus, Inc. will post 6.15 earnings per share for the current fiscal year.

Maximus Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, May 31st. Stockholders of record on Thursday, May 15th were paid 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 1.71%. Maximus's dividend payout ratio is 23.86%.

Analysts Set New Price Targets

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

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.