Principal Financial Group Inc. Reduces Position in Maximus, Inc. (NYSE:MMS)

Principal Financial Group Inc. lowered its stake in Maximus, Inc. (NYSE:MMS) by 11.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 206,171 shares of the health services provider’s stock after selling 26,708 shares during the period. Principal Financial Group Inc. owned 0.34% of Maximus worth $17,669,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in Maximus during the 4th quarter worth about $55,821,000. Public Employees Retirement Association of Colorado lifted its holdings in shares of Maximus by 1,984.0% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 335,094 shares of the health services provider’s stock worth $28,101,000 after purchasing an additional 319,015 shares during the period. Vanguard Group Inc. boosted its position in Maximus by 2.4% in the first quarter. Vanguard Group Inc. now owns 6,208,839 shares of the health services provider’s stock valued at $520,922,000 after buying an additional 145,983 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Maximus by 151.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 233,134 shares of the health services provider’s stock worth $19,980,000 after buying an additional 140,481 shares during the last quarter. Finally, Reinhart Partners LLC. raised its position in Maximus by 53.5% during the 2nd quarter. Reinhart Partners LLC. now owns 355,914 shares of the health services provider’s stock worth $30,502,000 after buying an additional 124,095 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Maximus Stock Down 0.8 %

MMS stock opened at $89.70 on Thursday. The company has a market capitalization of $5.45 billion, a P/E ratio of 23.54 and a beta of 0.75. Maximus, Inc. has a 12 month low of $72.39 and a 12 month high of $93.97. The firm’s fifty day simple moving average is $89.26 and its 200-day simple moving average is $85.77. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.59 and a quick ratio of 1.59.

Maximus (NYSE:MMS) last announced its quarterly earnings results on Wednesday, August 7th. The health services provider reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.27. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. Maximus had a return on equity of 20.91% and a net margin of 5.59%. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period last year, the firm earned $0.78 EPS. As a group, equities research analysts forecast that Maximus, Inc. will post 6.12 earnings per share for the current year.

Maximus Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, August 31st. Shareholders of record on Thursday, August 15th were given a $0.30 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.20 annualized dividend and a yield of 1.34%. Maximus’s dividend payout ratio is presently 31.50%.

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.