Maximus, Inc. (NYSE:MMS) Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue grew its holdings in Maximus, Inc. (NYSE:MMS) by 5.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,987 shares of the health services provider’s stock after acquiring an additional 365 shares during the quarter. State of Alaska Department of Revenue’s holdings in Maximus were worth $650,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MMS. V Square Quantitative Management LLC purchased a new position in shares of Maximus in the 3rd quarter valued at approximately $25,000. GAMMA Investing LLC raised its holdings in shares of Maximus by 224.5% in the second quarter. GAMMA Investing LLC now owns 344 shares of the health services provider’s stock worth $29,000 after buying an additional 238 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Maximus by 201.5% in the second quarter. Blue Trust Inc. now owns 392 shares of the health services provider’s stock worth $33,000 after buying an additional 262 shares during the last quarter. Archer Investment Corp lifted its stake in shares of Maximus by 8,788.9% during the second quarter. Archer Investment Corp now owns 800 shares of the health services provider’s stock worth $69,000 after buying an additional 791 shares during the period. Finally, Ariadne Wealth Management LP purchased a new stake in shares of Maximus during the second quarter valued at $90,000. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Insider Buying and Selling at Maximus

In other news, insider Michelle F. Link sold 1,363 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $92.56, for a total value of $126,159.28. Following the sale, the insider now owns 6,567 shares in the company, valued at $607,841.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.40% of the company’s stock.

Maximus Stock Performance

Shares of MMS stock opened at $89.84 on Friday. The business has a fifty day moving average of $89.41 and a 200 day moving average of $87.86. Maximus, Inc. has a 1 year low of $75.22 and a 1 year high of $93.97. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.59 and a quick ratio of 1.59. The firm has a market capitalization of $5.41 billion, a price-to-earnings ratio of 18.83 and a beta of 0.77.

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

Maximus Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, November 30th. Shareholders of record on Friday, November 15th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Friday, November 15th. Maximus’s dividend payout ratio is presently 25.16%.

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.