Raymond James Financial Services Advisors Inc. Has $871,000 Stock Holdings in Maximus, Inc. (NYSE:MMS)

Raymond James Financial Services Advisors Inc. cut its holdings in Maximus, Inc. (NYSE:MMS) by 7.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 10,381 shares of the health services provider’s stock after selling 777 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Maximus were worth $871,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MMS. FMR LLC increased its stake 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 buying an additional 514,698 shares in the last quarter. Norges Bank acquired a new stake in shares of Maximus in the fourth quarter valued at $37,673,000. Stephens Investment Management Group LLC increased its position in Maximus by 68.3% in the second quarter. Stephens Investment Management Group LLC now owns 570,702 shares of the health services provider’s stock worth $48,230,000 after purchasing an additional 231,666 shares during the period. Van Berkom & Associates Inc. increased its position in Maximus by 22.3% in the third quarter. Van Berkom & Associates Inc. now owns 1,124,238 shares of the health services provider’s stock worth $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 third quarter worth about $13,451,000. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Maximus Price Performance

Maximus stock opened at $80.21 on Tuesday. The firm has a market capitalization of $4.90 billion, a P/E ratio of 26.56 and a beta of 0.72. Maximus, Inc. has a 1 year low of $72.39 and a 1 year high of $89.69. The business has a 50-day moving average of $82.61 and a 200-day moving average of $81.02. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.71.

Maximus (NYSE:MMS) last released its quarterly earnings data 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 return on equity of 15.68% and a net margin of 3.73%. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the business posted $0.94 EPS. Maximus’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, equities analysts anticipate that Maximus, Inc. will post 5.41 EPS for the current year.

Maximus Dividend Announcement

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

Insider Buying and Selling at Maximus

In other Maximus news, CFO David Mutryn sold 8,000 shares of the business’s stock in a transaction that occurred 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 owns 5,124 shares in the company, valued at approximately $430,159.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.40% of the company’s stock.

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.