Maximus, Inc. (NYSE:MMS) Director Sells $572,742.94 in Stock

Maximus, Inc. (NYSE:MMS - Get Free Report) Director Gayathri Rajan sold 7,913 shares of the 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 of the company's stock, valued at approximately $1,028,157.90. This represents a 35.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Gayathri Rajan also recently made the following trade(s):

• On Friday, May 30th, Gayathri Rajan purchased 83 shares of Maximus stock. The shares were acquired at an average cost of $72.29 per share, for a total transaction of $6,000.07.

Maximus Price Performance

Maximus stock traded down $0.82 during trading hours on Thursday, hitting $70.12. 470,343 shares of the stock were exchanged, compared to its average volume of 564,674. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.72 and a current ratio of 1.72. The stock has a market capitalization of $3.95 billion, a P/E ratio of 15.08 and a beta of 0.61. Maximus, Inc. has a 12 month low of $63.77 and a 12 month high of $93.97. The business's 50-day moving average is $70.15 and its two-hundred day moving average is $71.44.

Maximus (NYSE:MMS - Get Free Report) last posted its earnings results on Thursday, May 8th. The health services provider reported $2.01 earnings per share for the quarter, topping 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 company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the business posted $1.57 earnings per share. The business's revenue for the quarter was up 1.0% compared to the same quarter last year. Equities research analysts expect that Maximus, Inc. will post 6.15 EPS for the current fiscal year.

Maximus Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, May 31st. Investors of record on Thursday, May 15th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend was Thursday, May 15th. Maximus's dividend payout ratio (DPR) is currently 23.86%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC lifted its holdings in shares of Maximus by 65.9% during the fourth quarter. V Square Quantitative Management LLC now owns 453 shares of the health services provider's stock worth $34,000 after purchasing an additional 180 shares during the period. LRI Investments LLC increased its position in Maximus by 11.9% in the 1st quarter. LRI Investments LLC now owns 1,833 shares of the health services provider's stock valued at $125,000 after buying an additional 195 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Maximus by 0.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,476 shares of the health services provider's stock valued at $2,351,000 after acquiring an additional 221 shares in the last quarter. Vestcor Inc grew its holdings in shares of Maximus by 2.3% in the first quarter. Vestcor Inc now owns 9,877 shares of the health services provider's stock valued at $674,000 after acquiring an additional 223 shares in the last quarter. Finally, Hillsdale Investment Management Inc. boosted 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 worth $3,912,000 after purchasing an additional 230 shares during the period. 97.21% of the stock is owned by institutional investors.

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.