Bank of America Corp DE Decreases Stake in Maximus, Inc. (NYSE:MMS)

Bank of America Corp DE lessened its holdings in Maximus, Inc. (NYSE:MMS) by 72.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 250,493 shares of the health services provider’s stock after selling 644,354 shares during the period. Bank of America Corp DE owned approximately 0.44% of Maximus worth $18,699,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Barclays PLC raised its position in Maximus by 285.1% in the third quarter. Barclays PLC now owns 170,971 shares of the health services provider’s stock worth $15,927,000 after acquiring an additional 126,573 shares during the period. UMB Bank n.a. increased its stake in shares of Maximus by 79.8% during the 4th quarter. UMB Bank n.a. now owns 356 shares of the health services provider’s stock worth $27,000 after purchasing an additional 158 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Maximus by 39.1% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 296,476 shares of the health services provider’s stock worth $22,132,000 after purchasing an additional 83,390 shares during the period. Janney Montgomery Scott LLC lifted its stake in Maximus by 79.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 5,949 shares of the health services provider’s stock valued at $444,000 after purchasing an additional 2,638 shares during the last quarter. Finally, Inspire Investing LLC grew its holdings in Maximus by 20.9% during the fourth quarter. Inspire Investing LLC now owns 5,374 shares of the health services provider’s stock valued at $401,000 after purchasing an additional 929 shares during the period. 97.21% of the stock is owned by institutional investors.

Maximus Trading Down 0.5%

NYSE:MMS opened at $74.80 on Wednesday. The company has a market cap of $4.21 billion, a P/E ratio of 16.09 and a beta of 0.61. Maximus, Inc. has a 1 year low of $63.77 and a 1 year high of $93.97. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.72 and a quick ratio of 1.72. The stock’s fifty day moving average price is $69.04 and its two-hundred day moving average price is $72.49.

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

Maximus Announces Dividend

The company 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 $0.30 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.60%. Maximus’s dividend payout ratio (DPR) is currently 23.86%.

Analysts Set New Price Targets

Separately, StockNews.com lowered Maximus from a “buy” rating to a “hold” rating in a research note on Thursday, May 15th.

Insider Activity at Maximus

In other news, Director Jan Madsen sold 2,439 shares of the firm’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $67.71, for a total transaction of $165,144.69. Following the sale, the director now owns 18,097 shares in the company, valued at approximately $1,225,347.87. This trade represents a 11.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.60% of the stock is owned by corporate insiders.

Maximus Company 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.