Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its holdings in Maximus, Inc. (NYSE:MMS) by 0.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,460 shares of the health services provider’s stock after selling 8 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Maximus were worth $592,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in the business. Teacher Retirement System of Texas lifted its holdings in Maximus by 0.3% in the second quarter. Teacher Retirement System of Texas now owns 5,174 shares of the health services provider’s stock valued at $324,000 after acquiring an additional 14 shares during the period. Alps Advisors Inc. lifted its holdings in Maximus by 0.3% in the second quarter. Alps Advisors Inc. now owns 7,807 shares of the health services provider’s stock valued at $489,000 after acquiring an additional 20 shares during the period. World Asset Management Inc lifted its holdings in Maximus by 0.8% in the first quarter. World Asset Management Inc now owns 3,976 shares of the health services provider’s stock valued at $247,000 after acquiring an additional 30 shares during the period. Neuburgh Advisers LLC lifted its holdings in Maximus by 1.9% in the first quarter. Neuburgh Advisers LLC now owns 1,696 shares of the health services provider’s stock valued at $105,000 after acquiring an additional 32 shares during the period. Finally, Bbva Compass Bancshares Inc. lifted its holdings in Maximus by 0.9% in the second quarter. Bbva Compass Bancshares Inc. now owns 4,084 shares of the health services provider’s stock valued at $256,000 after acquiring an additional 38 shares during the period. 97.23% of the stock is owned by institutional investors.
In other news, General Counsel David Francis sold 1,000 shares of the company’s stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $63.15, for a total value of $63,150.00. Following the completion of the sale, the general counsel now owns 16,715 shares in the company, valued at $1,055,552.25. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Paul R. Lederer sold 2,200 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $60.87, for a total value of $133,914.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 125,403 shares of company stock valued at $7,645,251. Insiders own 3.10% of the company’s stock.
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Maximus, Inc. (NYSE:MMS) opened at 63.29 on Tuesday. The stock has a market cap of $4.11 billion, a PE ratio of 20.29 and a beta of 1.37. Maximus, Inc. has a 12 month low of $43.69 and a 12 month high of $64.97. The stock has a 50 day moving average price of $60.81 and a 200-day moving average price of $61.48.
Maximus (NYSE:MMS) last announced its quarterly earnings results on Thursday, August 3rd. The health services provider reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.03. Maximus had a return on equity of 25.08% and a net margin of 8.43%. The company had revenue of $600.40 million during the quarter, compared to analyst estimates of $614.12 million. During the same quarter in the previous year, the firm posted $0.79 EPS. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. On average, analysts expect that Maximus, Inc. will post $3.13 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th were given a dividend of $0.045 per share. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.18 dividend on an annualized basis and a yield of 0.28%. Maximus’s dividend payout ratio (DPR) is presently 5.73%.
A number of equities research analysts have commented on the company. BidaskClub downgraded Maximus from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Canaccord Genuity downgraded Maximus from a “buy” rating to a “hold” rating and set a $62.00 target price for the company. in a report on Tuesday, July 4th. Zacks Investment Research downgraded Maximus from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Robert W. Baird reissued a “hold” rating and issued a $64.00 target price on shares of Maximus in a report on Friday, September 1st. Finally, Maxim Group set a $66.00 target price on Maximus and gave the company a “hold” rating in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $62.43.
MAXIMUS, Inc provides business process services (BPS) to government health and human services agencies. The Company operates through three segments: U.S. Federal Services, Health Services and Human Services. The U.S. Federal Services segment provides BPS and program management for large government programs, independent health review and appeals services for both the United States Federal Government, and state-based programs and technology solutions for civilian federal programs.
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