Running Oak Capital LLC Sells 56,119 Shares of Maximus, Inc. (NYSE:MMS)

Running Oak Capital LLC cut its position in Maximus, Inc. (NYSE:MMS - Free Report) by 61.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,762 shares of the health services provider's stock after selling 56,119 shares during the quarter. Running Oak Capital LLC owned 0.06% of Maximus worth $2,999,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Los Angeles Capital Management LLC increased its position in Maximus by 24.2% during the 4th quarter. Los Angeles Capital Management LLC now owns 6,425 shares of the health services provider's stock worth $539,000 after purchasing an additional 1,250 shares in the last quarter. Retirement Systems of Alabama boosted its stake in shares of Maximus by 0.3% in the 4th quarter. Retirement Systems of Alabama now owns 76,128 shares of the health services provider's stock valued at $6,384,000 after purchasing an additional 232 shares during the last quarter. New York State Common Retirement Fund boosted its stake in shares of Maximus by 31.5% in the 4th quarter. New York State Common Retirement Fund now owns 31,898 shares of the health services provider's stock valued at $2,675,000 after purchasing an additional 7,641 shares during the last quarter. Verdence Capital Advisors LLC boosted its stake in shares of Maximus by 3.2% in the 4th quarter. Verdence Capital Advisors LLC now owns 4,563 shares of the health services provider's stock valued at $383,000 after purchasing an additional 140 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC boosted its stake in Maximus by 346.3% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 118,290 shares of the health services provider's stock worth $9,920,000 after acquiring an additional 91,788 shares in the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Raymond James downgraded shares of Maximus from an "outperform" rating to a "market perform" rating in a report on Wednesday, January 3rd. StockNews.com upgraded shares of Maximus from a "hold" rating to a "buy" rating in a research report on Thursday, February 8th.

Insider Activity at Maximus

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

Maximus Stock Performance

NYSE:MMS traded up $1.03 on Thursday, reaching $81.77. 173,675 shares of the company's stock were exchanged, compared to its average volume of 325,002. The stock has a fifty day simple moving average of $82.36 and a 200-day simple moving average of $81.43. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.69 and a quick ratio of 1.69. Maximus, Inc. has a 52 week low of $72.39 and a 52 week high of $89.69. The firm has a market cap of $4.99 billion, a price-to-earnings ratio of 27.09 and a beta of 0.72.

Maximus (NYSE:MMS - Get Free Report) last released 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 during the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the business earned $0.94 earnings per share. Maximus's revenue was up 6.2% compared to the same quarter last year. As a group, sell-side analysts predict that Maximus, Inc. will post 5.42 earnings per share for the current year.

Maximus Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Tuesday, May 14th. Maximus's dividend payout ratio is currently 39.74%.

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.