Mirae Asset Global Investments Co. Ltd. Has $2.33 Million Holdings in Maximus, Inc. (NYSE:MMS)

Mirae Asset Global Investments Co. Ltd. lessened its holdings in shares of Maximus, Inc. (NYSE:MMS) by 2.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 27,730 shares of the health services provider’s stock after selling 594 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Maximus were worth $2,325,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. VisionPoint Advisory Group LLC lifted its holdings in shares of Maximus by 61.4% during the third quarter. VisionPoint Advisory Group LLC now owns 381 shares of the health services provider’s stock worth $28,000 after purchasing an additional 145 shares during the period. Anchor Investment Management LLC acquired a new position in shares of Maximus during the fourth quarter worth $32,000. Macquarie Group Ltd. bought a new position in Maximus during the first quarter worth $35,000. Planned Solutions Inc. bought a new position in Maximus during the fourth quarter worth $59,000. Finally, Fifth Third Bancorp raised its stake in Maximus by 57.9% during the fourth quarter. Fifth Third Bancorp now owns 998 shares of the health services provider’s stock worth $84,000 after buying an additional 366 shares during the last quarter. Institutional investors and hedge funds own 97.21% of the company’s stock.

Insider Buying and Selling at Maximus

In other Maximus news, CFO David Mutryn sold 8,000 shares of Maximus stock in a transaction on Friday, February 16th. The shares were sold at an average price of $83.95, for a total value 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 $430,159.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.40% of the company’s stock.

Maximus Price Performance

Shares of NYSE MMS opened at $80.03 on Friday. Maximus, Inc. has a twelve month low of $72.39 and a twelve month high of $89.69. The firm has a fifty day simple moving average of $82.72 and a 200 day simple moving average of $81.05. The company has a market capitalization of $4.88 billion, a PE ratio of 26.50 and a beta of 0.72. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.71.

Maximus (NYSE:MMS) last announced its earnings results on Wednesday, February 7th. The health services provider reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the firm earned $0.94 earnings per share. Maximus’s quarterly revenue was up 6.2% on a year-over-year basis. On average, sell-side analysts forecast that Maximus, Inc. will post 5.41 EPS for the current year.

Maximus Announces Dividend

The business also recently declared 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 of this dividend is Tuesday, May 14th. Maximus’s dividend payout ratio (DPR) is currently 39.74%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. StockNews.com raised shares of Maximus from a “hold” rating to a “buy” rating in a research note on Thursday, February 8th. Raymond James downgraded shares of Maximus from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 3rd.

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.