Allspring Global Investments Holdings LLC Sells 20,605 Shares of Maximus, Inc. (NYSE:MMS)

Allspring Global Investments Holdings LLC decreased its holdings in Maximus, Inc. (NYSE:MMS - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 701,622 shares of the health services provider's stock after selling 20,605 shares during the period. Allspring Global Investments Holdings LLC owned about 1.15% of Maximus worth $58,838,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of MMS. Farther Finance Advisors LLC raised its holdings in Maximus by 71.7% in the second quarter. Farther Finance Advisors LLC now owns 352 shares of the health services provider's stock valued at $30,000 after acquiring an additional 147 shares in the last quarter. VisionPoint Advisory Group LLC raised its holdings in shares of Maximus by 61.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 381 shares of the health services provider's stock valued at $28,000 after purchasing an additional 145 shares in the last quarter. Anchor Investment Management LLC purchased a new stake in shares of Maximus during the 4th quarter worth $32,000. Macquarie Group Ltd. acquired a new position in shares of Maximus during the first quarter worth $35,000. Finally, Planned Solutions Inc. purchased a new position in Maximus in the fourth quarter valued at $59,000. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Raymond James cut Maximus from an "outperform" rating to a "market perform" rating in a research report on Wednesday, January 3rd. StockNews.com raised shares of Maximus from a "hold" rating to a "buy" rating in a research report on Thursday, February 8th.

Maximus Stock Performance

Shares of MMS stock traded up $0.31 during trading hours on Thursday, hitting $80.30. The stock had a trading volume of 187,557 shares, compared to its average volume of 344,509. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.69 and a quick ratio of 1.69. The firm has a market capitalization of $4.90 billion, a PE ratio of 26.59 and a beta of 0.72. The stock's 50 day moving average is $82.59 and its 200 day moving average is $80.87. Maximus, Inc. has a twelve month low of $72.39 and a twelve month high of $89.69.

Maximus (NYSE:MMS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The health services provider reported $1.34 EPS for the quarter, beating analysts' consensus estimates of $1.28 by $0.06. Maximus had a net margin of 3.73% and a return on equity of 15.68%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the business posted $0.94 earnings per share. Maximus's quarterly revenue was up 6.2% on a year-over-year basis. As a group, research analysts forecast that Maximus, Inc. will post 5.41 earnings per share for the current fiscal year.

Maximus Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Tuesday, May 14th. Maximus's payout ratio is 39.74%.

Insiders Place Their Bets

In other news, CFO David Mutryn sold 8,000 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $83.95, for a total value of $671,600.00. Following the completion of the transaction, the chief financial officer now owns 5,124 shares in the company, valued at approximately $430,159.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.40% of the stock is currently owned by insiders.

Maximus 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.