Maximus, Inc. (NYSE:MMS) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its position in shares of Maximus, Inc. (NYSE:MMS) by 9.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,567 shares of the health services provider’s stock after selling 660 shares during the quarter. State of Alaska Department of Revenue’s holdings in Maximus were worth $550,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MMS. Farther Finance Advisors LLC lifted 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 purchasing an additional 147 shares in the last quarter. VisionPoint Advisory Group LLC lifted 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 purchasing an additional 145 shares in the last quarter. Anchor Investment Management LLC purchased a new position in shares of Maximus during the 4th quarter worth $32,000. Macquarie Group Ltd. purchased a new position in shares of Maximus during the 1st quarter worth $35,000. Finally, Planned Solutions Inc. purchased a new position in shares of Maximus during the 4th quarter worth $59,000. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on MMS shares. Raymond James lowered Maximus from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 3rd. StockNews.com upgraded Maximus from a “hold” rating to a “buy” rating in a report on Thursday, February 8th.

Maximus Stock Up 0.4 %

Shares of NYSE:MMS opened at $80.30 on Friday. The business has a 50-day moving average price of $82.59 and a 200 day moving average price of $80.87. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $4.90 billion, a price-to-earnings ratio of 26.59 and a beta of 0.72. Maximus, Inc. has a 12-month low of $72.39 and a 12-month high of $89.69.

Maximus (NYSE:MMS) last issued its quarterly earnings data on Wednesday, February 7th. The health services provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.06. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.29 billion. Maximus had a return on equity of 15.68% and a net margin of 3.73%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the company earned $0.94 EPS. Sell-side analysts expect that Maximus, Inc. will post 5.41 EPS for the current year.

Maximus Dividend Announcement

The firm 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. 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 39.74%.

Insider Buying and Selling

In related news, CFO David Mutryn sold 8,000 shares of the firm’s 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 completion of the sale, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.40% of the company’s stock.

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.