Maximus, Inc. (NYSE:MMS) Position Trimmed by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its position in Maximus, Inc. (NYSE:MMS) by 8.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,132 shares of the health services provider’s stock after selling 2,656 shares during the quarter. Mutual of America Capital Management LLC owned about 0.05% of Maximus worth $1,987,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Cerity Partners LLC increased its position in shares of Maximus by 3.4% during the first quarter. Cerity Partners LLC now owns 123,273 shares of the health services provider’s stock valued at $8,406,000 after purchasing an additional 4,006 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Maximus by 0.7% during the first quarter. Nisa Investment Advisors LLC now owns 39,936 shares of the health services provider’s stock worth $2,723,000 after purchasing an additional 290 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of Maximus by 16.3% during the first quarter. Envestnet Asset Management Inc. now owns 26,387 shares of the health services provider’s stock worth $1,799,000 after buying an additional 3,707 shares in the last quarter. Illinois Municipal Retirement Fund grew its stake in Maximus by 27.8% in the first quarter. Illinois Municipal Retirement Fund now owns 32,311 shares of the health services provider’s stock valued at $2,203,000 after purchasing an additional 7,038 shares in the last quarter. Finally, Diversified Trust Co lifted its position in shares of Maximus by 4.9% in the first quarter. Diversified Trust Co now owns 10,899 shares of the health services provider’s stock valued at $743,000 after buying an additional 511 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Maximus Trading Down 0.3%

NYSE MMS opened at $71.10 on Friday. The business’s 50-day moving average price is $71.75 and its two-hundred day moving average price is $70.82. Maximus, Inc. has a 12 month low of $63.77 and a 12 month high of $93.97. The firm has a market capitalization of $4.01 billion, a PE ratio of 14.14 and a beta of 0.61. 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 (NYSE:MMS) last announced its earnings results on Thursday, May 8th. The health services provider reported $2.01 EPS for the quarter, beating the consensus estimate of $1.37 by $0.64. Maximus had a return on equity of 23.37% and a net margin of 5.56%. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the company earned $1.57 EPS. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, analysts expect 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 Sunday, August 31st. Stockholders of record on Friday, August 15th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Friday, August 15th. Maximus’s dividend payout ratio (DPR) is presently 23.86%.

Insider Activity at Maximus

In related 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 transaction of $572,742.94. Following the completion of the sale, the director directly owned 14,205 shares of the company’s stock, valued at approximately $1,028,157.90. This trade represents a 35.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

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.