New York State Common Retirement Fund decreased its stake in shares of MAXIMUS, Inc. (NYSE:MMS) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 76,819 shares of the health services provider’s stock after selling 3,821 shares during the period. New York State Common Retirement Fund owned 0.12% of MAXIMUS worth $5,000,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the business. Cim LLC increased its position in MAXIMUS by 1.8% during the fourth quarter. Cim LLC now owns 8,618 shares of the health services provider’s stock worth $561,000 after buying an additional 150 shares in the last quarter. TD Asset Management Inc. increased its position in MAXIMUS by 0.5% during the fourth quarter. TD Asset Management Inc. now owns 59,100 shares of the health services provider’s stock worth $3,847,000 after buying an additional 300 shares in the last quarter. Arizona State Retirement System increased its position in MAXIMUS by 0.9% during the fourth quarter. Arizona State Retirement System now owns 46,031 shares of the health services provider’s stock worth $2,996,000 after buying an additional 419 shares in the last quarter. LS Investment Advisors LLC increased its position in MAXIMUS by 10.3% during the fourth quarter. LS Investment Advisors LLC now owns 4,965 shares of the health services provider’s stock worth $323,000 after buying an additional 464 shares in the last quarter. Finally, Teachers Advisors LLC increased its position in MAXIMUS by 0.4% during the third quarter. Teachers Advisors LLC now owns 129,897 shares of the health services provider’s stock worth $8,451,000 after buying an additional 518 shares in the last quarter. 94.44% of the stock is owned by institutional investors.
Several research firms have weighed in on MMS. Zacks Investment Research downgraded MAXIMUS from a “buy” rating to a “hold” rating in a research report on Tuesday, January 29th. ValuEngine downgraded MAXIMUS from a “buy” rating to a “hold” rating in a research report on Thursday, February 28th.
MAXIMUS (NYSE:MMS) last announced its quarterly earnings data on Thursday, February 7th. The health services provider reported $0.86 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.06. The business had revenue of $664.60 million during the quarter, compared to the consensus estimate of $672.08 million. MAXIMUS had a return on equity of 20.09% and a net margin of 8.94%. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 earnings per share. On average, research analysts anticipate that MAXIMUS, Inc. will post 3.66 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 28th. Stockholders of record on Friday, February 15th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend was Thursday, February 14th. MAXIMUS’s dividend payout ratio is currently 29.41%.
In other news, Vice Chairman Richard A. Montoni sold 12,000 shares of MAXIMUS stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $70.69, for a total value of $848,280.00. Following the completion of the sale, the insider now owns 412,874 shares of the company’s stock, valued at $29,186,063.06. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Russell A. Beliveau sold 1,000 shares of MAXIMUS stock in a transaction on Wednesday, January 2nd. The shares were sold at an average price of $64.14, for a total value of $64,140.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,715 shares of company stock valued at $3,866,689. Company insiders own 2.20% of the company’s stock.
MAXIMUS Company Profile
MAXIMUS, Inc provides business process services (BPS) to government health and human services programs worldwide. The company's Health Services segment offers various BPS, appeals, and assessments for state, provincial, and national government programs, including Medicaid, Children's Health Insurance Program, Affordable Care Act, Health Insurance British Columbia, Health Assessment Advisory Service contract, and Preadmission Screening and Resident Reviews.
Featured Article: What is the Ex-Dividend Date in Investing?
Want to see what other hedge funds are holding MMS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MAXIMUS, Inc. (NYSE:MMS).
Receive News & Ratings for MAXIMUS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MAXIMUS and related companies with MarketBeat.com's FREE daily email newsletter.