Stephens Investment Management Group LLC Sells 5,451 Shares of Maximus, Inc. (NYSE:MMS)

Stephens Investment Management Group LLC lessened its stake in Maximus, Inc. (NYSE:MMS - Free Report) by 1.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 455,107 shares of the health services provider's stock after selling 5,451 shares during the quarter. Stephens Investment Management Group LLC owned 0.80% of Maximus worth $31,034,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in Maximus in the fourth quarter valued at $1,169,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Maximus by 19.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,413 shares of the health services provider's stock valued at $1,151,000 after purchasing an additional 2,464 shares during the period. Farther Finance Advisors LLC raised its position 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 valued at $61,000 after purchasing an additional 428 shares during the period. Avantax Advisory Services Inc. raised its position in shares of Maximus by 4.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 19,097 shares of the health services provider's stock valued at $1,426,000 after purchasing an additional 869 shares during the period. Finally, Globeflex Capital L P raised its position in shares of Maximus by 16.0% in the fourth quarter. Globeflex Capital L P now owns 11,837 shares of the health services provider's stock valued at $884,000 after purchasing an additional 1,630 shares during the period. Institutional investors and hedge funds own 97.21% of the company's stock.

Insider Buying and Selling

In other news, Director Gayathri Rajan sold 7,913 shares of the company'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 owned 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 legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.60% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen 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 MMS traded up $1.28 during mid-day trading on Wednesday, reaching $71.17. The company had a trading volume of 469,628 shares, compared to its average volume of 573,771. The company's 50 day simple moving average is $71.92 and its 200 day simple moving average is $70.89. Maximus, Inc. has a 1-year low of $63.77 and a 1-year high of $93.97. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.84 and a current ratio of 1.84. The company has a market capitalization of $4.01 billion, a price-to-earnings ratio of 14.15 and a beta of 0.61.

Maximus (NYSE:MMS - Get Free Report) last posted 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. Maximus had a net margin of 5.56% and a return on equity of 23.37%. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the company earned $1.57 EPS. The firm's revenue was up 1.0% compared to the same quarter last year. Analysts expect that Maximus, Inc. will post 6.15 EPS for the current year.

Maximus Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, August 31st. Shareholders of record on Friday, August 15th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.20 dividend on an annualized basis and a yield of 1.69%. 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.