Maximus, Inc. (NYSE:MMS) Shares Sold by Graham Capital Management L.P.

Graham Capital Management L.P. trimmed its stake in shares of Maximus, Inc. (NYSE:MMS) by 69.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,627 shares of the health services provider’s stock after selling 24,139 shares during the period. Graham Capital Management L.P.’s holdings in Maximus were worth $793,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. boosted its position in Maximus by 79.8% during the fourth 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 in the last quarter. V Square Quantitative Management LLC boosted its position in Maximus by 65.9% during the fourth quarter. V Square Quantitative Management LLC now owns 453 shares of the health services provider’s stock worth $34,000 after purchasing an additional 180 shares in the last quarter. Hillsdale Investment Management Inc. boosted its position in Maximus by 0.4% during the fourth quarter. Hillsdale Investment Management Inc. now owns 52,400 shares of the health services provider’s stock worth $3,912,000 after purchasing an additional 230 shares in the last quarter. Bridge City Capital LLC boosted its position in Maximus by 0.9% during the fourth quarter. Bridge City Capital LLC now owns 28,503 shares of the health services provider’s stock worth $2,128,000 after purchasing an additional 254 shares in the last quarter. Finally, Inspire Advisors LLC boosted its position in Maximus by 3.1% during the fourth quarter. Inspire Advisors LLC now owns 8,650 shares of the health services provider’s stock worth $646,000 after purchasing an additional 258 shares in the last quarter. 97.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Jan Madsen sold 2,439 shares of Maximus stock in a transaction that occurred 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 owns 18,097 shares in the company, valued at approximately $1,225,347.87. This trade represents a 11.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ilene R. Baylinson sold 14,500 shares of Maximus stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $68.14, for a total value of $988,030.00. Following the transaction, the insider now owns 2,512 shares in the company, valued at approximately $171,167.68. The trade was a 85.23% decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Maximus from a “hold” rating to a “buy” rating in a research report on Wednesday, May 7th.

Maximus Stock Performance

NYSE MMS opened at $75.40 on Wednesday. The company has a market cap of $4.27 billion, a PE ratio of 16.22 and a beta of 0.61. The stock’s 50 day simple moving average is $68.40 and its 200-day simple moving average is $72.90. 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.

Maximus (NYSE:MMS) last released its earnings results on Thursday, May 8th. The health services provider reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.64. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.29 billion. Maximus had a return on equity of 21.95% and a net margin of 5.28%. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.57 earnings per share. As a group, equities research analysts anticipate that Maximus, Inc. will post 6.15 EPS for the current fiscal year.

Maximus Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, May 31st. Investors of record on Thursday, May 15th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 1.59%. Maximus’s payout ratio is 23.86%.

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.