SG Americas Securities LLC Trims Holdings in Maximus, Inc. (NYSE:MMS)

SG Americas Securities LLC reduced its position in shares of Maximus, Inc. (NYSE:MMS - Free Report) by 90.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,753 shares of the health services provider's stock after selling 27,536 shares during the period. SG Americas Securities LLC's holdings in Maximus were worth $231,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its holdings in Maximus by 71.7% in the 2nd 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 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 acquiring an additional 145 shares in the last quarter. Anchor Investment Management LLC acquired a new position in Maximus in the 4th quarter valued at $32,000. Macquarie Group Ltd. bought a new position in shares of Maximus in the 1st quarter valued at $35,000. Finally, NBC Securities Inc. bought a new position in shares of Maximus in the 3rd quarter valued at $85,000. 97.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MMS. StockNews.com upgraded Maximus from a "hold" rating to a "buy" rating in a research note on Thursday, February 8th. Raymond James lowered Maximus from an "outperform" rating to a "market perform" rating in a research note on Wednesday, January 3rd.

Maximus Price Performance

MMS stock traded down $0.36 during midday trading on Friday, reaching $79.94. 252,255 shares of the stock were exchanged, compared to its average volume of 343,209. The stock has a market capitalization of $4.88 billion, a PE ratio of 26.47 and a beta of 0.72. Maximus, Inc. has a 52 week low of $72.39 and a 52 week high of $89.69. 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 company has a fifty day moving average price of $82.58 and a 200 day moving average price of $80.90.

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

Maximus Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.50%. Maximus's dividend payout ratio is currently 39.74%.

Insider Buying and Selling

In other Maximus news, CFO David Mutryn sold 8,000 shares of Maximus stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $83.95, for a total transaction of $671,600.00. Following the transaction, the chief financial officer now directly owns 5,124 shares of the company's stock, valued at approximately $430,159.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is currently owned by corporate 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.