Ameriprise Financial Inc. Sells 106,921 Shares of Maximus, Inc. (NYSE:MMS)

Ameriprise Financial Inc. lowered its holdings in shares of Maximus, Inc. (NYSE:MMS) by 45.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 129,385 shares of the health services provider’s stock after selling 106,921 shares during the period. Ameriprise Financial Inc. owned about 0.23% of Maximus worth $9,659,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. UMB Bank n.a. increased its holdings in Maximus by 79.8% in the fourth quarter. UMB Bank n.a. now owns 356 shares of the health services provider’s stock valued at $27,000 after purchasing an additional 158 shares during the period. V Square Quantitative Management LLC grew its position in shares of Maximus by 65.9% in the 4th quarter. V Square Quantitative Management LLC now owns 453 shares of the health services provider’s stock valued at $34,000 after buying an additional 180 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Maximus in the fourth quarter valued at about $54,000. IFP Advisors Inc raised its position in shares of Maximus by 62.4% during the fourth quarter. IFP Advisors Inc now owns 786 shares of the health services provider’s stock worth $59,000 after acquiring an additional 302 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of Maximus by 109.2% in the fourth quarter. Farther Finance Advisors LLC now owns 820 shares of the health services provider’s stock worth $61,000 after acquiring an additional 428 shares during the period. Institutional investors own 97.21% of the company’s stock.

Insider Activity

In other news, insider Ilene R. Baylinson sold 14,500 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $68.14, for a total value of $988,030.00. Following the completion of the sale, the insider now directly owns 2,512 shares in the company, valued at $171,167.68. This trade represents a 85.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Jan Madsen sold 2,439 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $67.71, for a total value of $165,144.69. Following the completion of the transaction, the director now owns 18,097 shares in the company, valued at approximately $1,225,347.87. The trade was a 11.88% decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company insiders.

Maximus Trading Up 0.2%

MMS opened at $75.16 on Tuesday. Maximus, Inc. has a twelve month low of $63.77 and a twelve month high of $93.97. The company has a fifty day moving average of $68.88 and a 200-day moving average of $72.47. The stock has a market cap of $4.24 billion, a PE ratio of 16.16 and a beta of 0.61. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.82.

Maximus (NYSE:MMS) last issued its quarterly earnings results on Thursday, May 8th. The health services provider reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.64. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.29 billion. Maximus had a return on equity of 21.95% and a net margin of 5.28%. The business’s revenue was up 1.0% compared to the same quarter last year. During the same period last year, the business posted $1.57 EPS. On average, sell-side analysts predict that Maximus, Inc. will post 6.15 EPS for the current year.

Maximus Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, May 31st. Stockholders of record on Thursday, May 15th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Thursday, May 15th. Maximus’s dividend payout ratio (DPR) is 23.86%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Maximus from a “buy” rating to a “hold” rating in a research report on Thursday, May 15th.

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.