California Public Employees Retirement System Sells 7,636 Shares of Maximus, Inc. (NYSE:MMS)

California Public Employees Retirement System reduced its stake in Maximus, Inc. (NYSE:MMS) by 6.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 118,154 shares of the health services provider’s stock after selling 7,636 shares during the quarter. California Public Employees Retirement System’s holdings in Maximus were worth $9,908,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of MMS. Verdence Capital Advisors LLC increased its stake in shares of Maximus by 3.2% during the fourth quarter. Verdence Capital Advisors LLC now owns 4,563 shares of the health services provider’s stock worth $383,000 after purchasing an additional 140 shares during the period. VisionPoint Advisory Group LLC increased its position in Maximus by 61.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 381 shares of the health services provider’s stock worth $28,000 after buying an additional 145 shares during the period. Arizona State Retirement System lifted its holdings in shares of Maximus by 1.4% during the third quarter. Arizona State Retirement System now owns 17,307 shares of the health services provider’s stock worth $1,292,000 after buying an additional 237 shares in the last quarter. Synovus Financial Corp boosted its position in shares of Maximus by 3.9% in the third quarter. Synovus Financial Corp now owns 8,085 shares of the health services provider’s stock valued at $604,000 after acquiring an additional 307 shares during the period. Finally, Picton Mahoney Asset Management grew its stake in shares of Maximus by 10.5% in the third quarter. Picton Mahoney Asset Management now owns 3,470 shares of the health services provider’s stock valued at $259,000 after acquiring an additional 330 shares in the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

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 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 $430,159.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is currently owned by company insiders.

Maximus Trading Up 1.3 %

Shares of NYSE:MMS opened at $81.77 on Friday. The company has a market capitalization of $4.99 billion, a P/E ratio of 27.08 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 business’s 50 day simple moving average is $82.36 and its 200 day simple moving average is $81.43. Maximus, Inc. has a 1 year low of $72.39 and a 1 year high of $89.69.

Maximus (NYSE:MMS) last released its earnings results on Wednesday, February 7th. The health services provider reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.06. The company 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%. Maximus’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.94 EPS. On average, research analysts anticipate that Maximus, Inc. will post 5.42 EPS for the current fiscal year.

Maximus Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders 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 1.47%. The ex-dividend date of this dividend is Tuesday, May 14th. Maximus’s dividend payout ratio (DPR) is presently 39.74%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Maximus from a “hold” rating to a “buy” rating in a research note on Thursday, February 8th.

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.