Maximus, Inc. (NYSE:MMS) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System lessened its stake in Maximus, Inc. (NYSE:MMS) by 2.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 56,269 shares of the health services provider’s stock after selling 1,662 shares during the quarter. California State Teachers Retirement System’s holdings in Maximus were worth $4,200,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. V Square Quantitative Management LLC increased its stake in shares of Maximus by 65.9% in the fourth quarter. V Square Quantitative Management LLC now owns 453 shares of the health services provider’s stock worth $34,000 after buying an additional 180 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Maximus by 62.4% in the fourth quarter. IFP Advisors Inc now owns 786 shares of the health services provider’s stock worth $59,000 after buying an additional 302 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Maximus by 109.2% in the fourth quarter. Farther Finance Advisors LLC now owns 820 shares of the health services provider’s stock worth $61,000 after buying an additional 428 shares during the last quarter. Allworth Financial LP increased its stake in shares of Maximus by 1,638.4% in the fourth quarter. Allworth Financial LP now owns 1,495 shares of the health services provider’s stock worth $116,000 after buying an additional 1,409 shares during the last quarter. Finally, LRI Investments LLC increased its stake in shares of Maximus by 44.1% in the fourth quarter. LRI Investments LLC now owns 1,638 shares of the health services provider’s stock worth $122,000 after buying an additional 501 shares during the last quarter. Institutional investors own 97.21% of the company’s stock.

Insider Buying and Selling at Maximus

In other Maximus news, Director Gayathri Rajan sold 7,913 shares of the business’s stock in a transaction on Friday, May 30th. The shares were sold at an average price of $72.38, for a total transaction of $572,742.94. Following the completion of the sale, the director now owns 14,205 shares in the company, valued at $1,028,157.90. The trade was a 35.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jan Madsen sold 2,439 shares of the business’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $67.71, for a total transaction of $165,144.69. Following the sale, the director now owns 18,097 shares of the company’s stock, valued at approximately $1,225,347.87. The trade was a 11.88% decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

Maximus Stock Up 0.8%

MMS stock opened at $71.77 on Wednesday. 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, Inc. has a 1-year low of $63.77 and a 1-year high of $93.97. The firm has a fifty day moving average price of $70.09 and a two-hundred day moving average price of $71.45. The firm has a market cap of $4.04 billion, a price-to-earnings ratio of 15.43 and a beta of 0.61.

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. Maximus had a net margin of 5.28% and a return on equity of 21.95%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the firm earned $1.57 earnings per share. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. Research analysts predict that Maximus, Inc. will post 6.15 EPS for the current year.

Maximus Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, May 31st. Shareholders of record on Thursday, May 15th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.20 annualized dividend and a yield of 1.67%. 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.