Jane Street Group LLC Sells 62,494 Shares of Maximus, Inc. (NYSE:MMS)

Jane Street Group LLC cut its position in shares of Maximus, Inc. (NYSE:MMS) by 86.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,438 shares of the health services provider’s stock after selling 62,494 shares during the period. Jane Street Group LLC’s holdings in Maximus were worth $705,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its stake in Maximus by 62.4% during the fourth quarter. IFP Advisors Inc now owns 786 shares of the health services provider’s stock valued at $59,000 after buying an additional 302 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Maximus in the 4th quarter valued at approximately $1,113,000. Legato Capital Management LLC lifted its stake in shares of Maximus by 33.9% in the 4th quarter. Legato Capital Management LLC now owns 32,134 shares of the health services provider’s stock valued at $2,399,000 after purchasing an additional 8,138 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Maximus by 2.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 722,172 shares of the health services provider’s stock valued at $54,748,000 after purchasing an additional 16,772 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Maximus by 7.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,000,664 shares of the health services provider’s stock valued at $74,700,000 after purchasing an additional 71,598 shares during the last quarter. 97.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Transactions at Maximus

In other Maximus news, Director Jan Madsen sold 2,439 shares of the firm’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $67.71, for a total transaction of $165,144.69. Following the transaction, the director now directly owns 18,097 shares in the company, valued at $1,225,347.87. This trade represents a 11.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.60% of the company’s stock.

Maximus Price Performance

NYSE:MMS opened at $72.36 on Monday. The firm has a market capitalization of $4.08 billion, a price-to-earnings ratio of 15.56 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 business has a 50 day simple moving average of $69.37 and a 200-day simple moving average of $72.05. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.72 and a quick ratio of 1.72.

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

Maximus Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, May 31st. Stockholders of record on Thursday, May 15th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.20 annualized dividend and a dividend yield of 1.66%. Maximus’s payout ratio is 23.86%.

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.