Maximus, Inc. (NYSE:MMS) Holdings Cut by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury reduced its stake in shares of Maximus, Inc. (NYSE:MMS - Free Report) by 32.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,737 shares of the health services provider's stock after selling 11,399 shares during the quarter. State of Tennessee Department of Treasury's holdings in Maximus were worth $1,772,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its stake in shares of Maximus by 79.8% during the fourth quarter. UMB Bank n.a. now owns 356 shares of the health services provider's stock valued at $27,000 after purchasing an additional 158 shares in the last quarter. Eastern Bank acquired a new stake in shares of Maximus in the 4th quarter worth approximately $29,000. V Square Quantitative Management LLC boosted its holdings in shares of Maximus by 65.9% in the fourth quarter. V Square Quantitative Management LLC now owns 453 shares of the health services provider's stock valued at $34,000 after acquiring an additional 180 shares in the last quarter. R Squared Ltd acquired a new position in shares of Maximus during the fourth quarter valued at approximately $54,000. Finally, IFP Advisors Inc raised its holdings in Maximus by 62.4% during the fourth quarter. IFP Advisors Inc now owns 786 shares of the health services provider's stock worth $59,000 after purchasing an additional 302 shares in the last quarter. 97.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Jan Madsen sold 2,439 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $67.71, for a total value of $165,144.69. Following the completion of the transaction, the director now owns 18,097 shares of the company's stock, valued at approximately $1,225,347.87. This trade represents a 11.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ilene R. Baylinson sold 14,500 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $68.14, for a total transaction of $988,030.00. Following the sale, the insider now directly owns 2,512 shares in the company, valued at approximately $171,167.68. This trade represents a 85.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company insiders.

Maximus Price Performance

NYSE MMS traded up $0.50 on Friday, reaching $66.83. The company's stock had a trading volume of 348,381 shares, compared to its average volume of 558,035. The firm's 50 day moving average is $67.65 and its two-hundred day moving average is $73.81. The stock has a market cap of $3.78 billion, a PE ratio of 14.37 and a beta of 0.68. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.72 and a current ratio of 1.72. Maximus, Inc. has a twelve month low of $63.77 and a twelve month high of $93.97.

Maximus (NYSE:MMS - Get Free Report) last issued its earnings results on Thursday, February 6th. The health services provider reported $1.61 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.22. Maximus had a net margin of 5.28% and a return on equity of 21.95%. As a group, sell-side analysts predict that Maximus, Inc. will post 6.15 EPS for the current year.

Maximus Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, May 31st. Investors of record on Thursday, May 15th will be given a $0.30 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.80%. Maximus's dividend payout ratio (DPR) is 25.81%.

Analysts Set New Price Targets

Separately, StockNews.com cut Maximus from a "buy" rating to a "hold" rating in a research report on Friday, February 14th.

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.