Arizona State Retirement System Has $1.18 Million Position in Maximus, Inc. (NYSE:MMS)

Arizona State Retirement System cut its holdings in shares of Maximus, Inc. (NYSE:MMS) by 1.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,296 shares of the health services provider’s stock after selling 169 shares during the quarter. Arizona State Retirement System’s holdings in Maximus were worth $1,179,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Captrust Financial Advisors acquired a new position in shares of Maximus during the fourth quarter worth approximately $276,000. GAMMA Investing LLC raised its stake in shares of Maximus by 67.1% in the first quarter. GAMMA Investing LLC now owns 732 shares of the health services provider’s stock valued at $50,000 after purchasing an additional 294 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Maximus by 32.8% in the first quarter. Blue Trust Inc. now owns 1,228 shares of the health services provider’s stock valued at $84,000 after purchasing an additional 303 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Maximus by 70.5% in the first quarter. Janney Montgomery Scott LLC now owns 10,145 shares of the health services provider’s stock valued at $692,000 after purchasing an additional 4,196 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in shares of Maximus by 24.0% in the first quarter. Oppenheimer Asset Management Inc. now owns 6,461 shares of the health services provider’s stock valued at $441,000 after purchasing an additional 1,249 shares in the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Maximus Stock Performance

NYSE:MMS opened at $71.10 on Friday. The stock has a market cap of $4.01 billion, a P/E ratio of 14.14 and a beta of 0.61. The stock has a 50 day simple moving average of $71.75 and a 200 day simple moving average of $70.82. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.87. Maximus, Inc. has a 1-year low of $63.77 and a 1-year high of $93.97.

Maximus (NYSE:MMS) last released its quarterly earnings results on Thursday, May 8th. The health services provider reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.64. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.29 billion. Maximus had a return on equity of 23.37% and a net margin of 5.56%. The business’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.57 EPS. Research analysts anticipate that Maximus, Inc. will post 6.15 earnings per share for the current year.

Maximus Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, August 31st. Investors of record on Friday, August 15th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Friday, August 15th. Maximus’s dividend payout ratio (DPR) is currently 23.86%.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, Director Gayathri Rajan sold 7,913 shares of the stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $72.38, for a total value of $572,742.94. Following the completion of the sale, the director directly owned 14,205 shares of the company’s stock, valued at $1,028,157.90. This represents a 35.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.60% of the company’s stock.

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.