Maximus, Inc. (NYSE:MMS) Position Trimmed by SG Americas Securities LLC

SG Americas Securities LLC lessened its holdings in shares of Maximus, Inc. (NYSE:MMS) by 90.9% during the 4th quarter, HoldingsChannel reports. 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 SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of MMS. VisionPoint Advisory Group LLC grew its stake 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 buying an additional 145 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Maximus by 71.7% in the second quarter. Farther Finance Advisors LLC now owns 352 shares of the health services provider’s stock worth $30,000 after purchasing an additional 147 shares during the period. Anchor Investment Management LLC bought a new position in Maximus in the fourth quarter worth $32,000. Macquarie Group Ltd. bought a new position in Maximus in the first quarter worth $35,000. Finally, Captrust Financial Advisors lifted its position in Maximus by 14.9% in the second quarter. Captrust Financial Advisors now owns 1,303 shares of the health services provider’s stock worth $81,000 after purchasing an additional 169 shares during the period. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Maximus Trading Up 0.4 %

NYSE:MMS opened at $80.30 on Friday. Maximus, Inc. has a fifty-two week low of $72.39 and a fifty-two 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 stock has a market capitalization of $4.90 billion, a PE ratio of 26.59 and a beta of 0.72. The business’s 50-day simple moving average is $82.59 and its 200-day simple moving average is $80.87.

Maximus (NYSE:MMS) last posted its quarterly earnings results on Wednesday, February 7th. The health services provider reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.06. The firm 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%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.94 EPS. Sell-side analysts expect that Maximus, Inc. will post 5.41 earnings per share for the current fiscal year.

Maximus Announces Dividend

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

Insider Activity at Maximus

In other news, CFO David Mutryn sold 8,000 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $83.95, for a total transaction of $671,600.00. Following the completion of the sale, the chief financial officer now directly owns 5,124 shares in the company, valued at approximately $430,159.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MMS. StockNews.com raised Maximus from a “hold” rating to a “buy” rating in a research report 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.

About Maximus

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.