Retirement Systems of Alabama Buys 232 Shares of Maximus, Inc. (NYSE:MMS)

Retirement Systems of Alabama lifted its stake in shares of Maximus, Inc. (NYSE:MMS) by 0.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,128 shares of the health services provider’s stock after purchasing an additional 232 shares during the quarter. Retirement Systems of Alabama’s holdings in Maximus were worth $6,384,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. FMR LLC raised its stake in Maximus by 6.4% during the 3rd quarter. FMR LLC now owns 8,588,189 shares of the health services provider’s stock worth $641,366,000 after buying an additional 514,698 shares during the period. Van Berkom & Associates Inc. raised its position in shares of Maximus by 22.3% during 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. Allspring Global Investments Holdings LLC lifted its holdings in shares of Maximus by 1.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 722,227 shares of the health services provider’s stock worth $53,936,000 after purchasing an additional 12,825 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Maximus by 5.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 707,799 shares of the health services provider’s stock valued at $52,858,000 after purchasing an additional 35,319 shares during the period. Finally, Vaughan Nelson Investment Management L.P. increased its stake in Maximus by 0.8% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 542,657 shares of the health services provider’s stock valued at $40,526,000 after purchasing an additional 4,404 shares in the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related 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 sale, the chief financial officer now owns 5,124 shares in the company, valued at $430,159.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.40% of the company’s stock.

Maximus Stock Up 1.2 %

MMS opened at $82.81 on Friday. Maximus, Inc. has a fifty-two week low of $72.39 and a fifty-two week high of $89.69. 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 50-day moving average is $82.33 and its 200 day moving average is $81.48. The firm has a market capitalization of $5.05 billion, a P/E ratio of 27.42 and a beta of 0.72.

Maximus (NYSE:MMS) last released its earnings results on Wednesday, February 7th. The health services provider reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.06. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Maximus had a net margin of 3.73% and a return on equity of 15.68%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.94 earnings per share. Research analysts expect that Maximus, Inc. will post 5.42 earnings per share for the current fiscal year.

Maximus Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.20 annualized dividend and a yield of 1.45%. Maximus’s payout ratio is 39.74%.

Wall Street Analysts Forecast Growth

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

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.