US Bancorp DE Cuts Stock Position in Maximus, Inc. (NYSE:MMS)

US Bancorp DE lessened its position in Maximus, Inc. (NYSE:MMS) by 13.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,440 shares of the health services provider’s stock after selling 818 shares during the quarter. US Bancorp DE’s holdings in Maximus were worth $371,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Clark Estates Inc. NY purchased a new stake in shares of Maximus in the 1st quarter valued at $1,851,000. Vestcor Inc increased its holdings in Maximus by 2.3% during the 1st quarter. Vestcor Inc now owns 9,877 shares of the health services provider’s stock worth $674,000 after purchasing an additional 223 shares during the period. Meeder Asset Management Inc. increased its holdings in Maximus by 117.0% during the 1st quarter. Meeder Asset Management Inc. now owns 40,895 shares of the health services provider’s stock worth $2,789,000 after purchasing an additional 22,046 shares during the period. Picton Mahoney Asset Management increased its holdings in Maximus by 164,061.5% during the 1st quarter. Picton Mahoney Asset Management now owns 21,341 shares of the health services provider’s stock worth $1,456,000 after purchasing an additional 21,328 shares during the period. Finally, Van Berkom & Associates Inc. increased its holdings in Maximus by 1.5% during the 1st quarter. Van Berkom & Associates Inc. now owns 1,275,394 shares of the health services provider’s stock worth $86,969,000 after purchasing an additional 18,976 shares during the period. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, Director Gayathri Rajan sold 7,913 shares of the company’s stock in a transaction dated 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 transaction, the director directly owned 14,205 shares of the company’s stock, valued at approximately $1,028,157.90. This represents a 35.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.60% of the company’s stock.

Maximus Price Performance

Shares of NYSE MMS opened at $85.61 on Thursday. The stock’s 50-day moving average is $72.47 and its two-hundred day moving average is $70.64. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.27 and a quick ratio of 2.27. Maximus, Inc. has a 1-year low of $63.77 and a 1-year high of $93.94. The company has a market cap of $4.82 billion, a price-to-earnings ratio of 15.77 and a beta of 0.60.

Maximus (NYSE:MMS) last released its quarterly earnings data on Thursday, August 7th. The health services provider reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.77. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Maximus had a return on equity of 24.44% and a net margin of 5.83%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.74 EPS. Analysts forecast that Maximus, Inc. will post 6.15 EPS for the current fiscal year.

Maximus Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, August 31st. Stockholders of record on Friday, August 15th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, August 15th. Maximus’s dividend payout ratio is currently 22.10%.

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.