New York State Teachers Retirement System Sells 6,562 Shares of Maximus, Inc. (NYSE:MMS)

New York State Teachers Retirement System decreased its holdings in shares of Maximus, Inc. (NYSE:MMS) by 8.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 75,464 shares of the health services provider’s stock after selling 6,562 shares during the quarter. New York State Teachers Retirement System’s holdings in Maximus were worth $6,328,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MMS. FMR LLC boosted its position in shares of Maximus by 6.4% in the third quarter. FMR LLC now owns 8,588,189 shares of the health services provider’s stock valued at $641,366,000 after acquiring an additional 514,698 shares during the period. Norges Bank acquired a new position in Maximus during the 4th quarter valued at $37,673,000. Stephens Investment Management Group LLC boosted its holdings in Maximus by 68.3% in the 2nd quarter. Stephens Investment Management Group LLC now owns 570,702 shares of the health services provider’s stock valued at $48,230,000 after purchasing an additional 231,666 shares during the period. Van Berkom & Associates Inc. boosted its holdings in Maximus by 22.3% in the 3rd quarter. Van Berkom & Associates Inc. now owns 1,124,238 shares of the health services provider’s stock valued at $83,958,000 after purchasing an additional 204,796 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new stake in Maximus in the 3rd quarter worth $13,451,000. Institutional investors and hedge funds own 97.21% of the company’s stock.

Maximus Trading Down 0.4 %

Shares of Maximus stock opened at $79.94 on Friday. Maximus, Inc. has a 52-week low of $72.39 and a 52-week high of $89.69. The firm has a market capitalization of $4.88 billion, a PE ratio of 26.47 and a beta of 0.72. 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’s fifty day moving average price is $82.58 and its two-hundred day moving average price is $80.90.

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

Maximus Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.50%. Maximus’s payout ratio is presently 39.74%.

Insider Buying and Selling

In other Maximus 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 value of $671,600.00. Following the sale, the chief financial officer now directly owns 5,124 shares in the company, valued at $430,159.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. StockNews.com raised shares of Maximus from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. Raymond James downgraded Maximus from an “outperform” rating to a “market perform” rating in a research report 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.