State Treasurer State of Michigan lessened its holdings in shares of MAXIMUS, Inc. (NYSE:MMS) by 4.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,400 shares of the health services provider’s stock after selling 1,000 shares during the quarter. State Treasurer State of Michigan’s holdings in MAXIMUS were worth $1,675,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of MMS. Mondrian Investment Partners LTD bought a new position in MAXIMUS during the fourth quarter valued at approximately $51,945,000. Victory Capital Management Inc. raised its position in shares of MAXIMUS by 13.3% in the third quarter. Victory Capital Management Inc. now owns 3,514,228 shares of the health services provider’s stock valued at $226,667,000 after purchasing an additional 413,325 shares during the period. APG Asset Management N.V. raised its position in shares of MAXIMUS by 316.2% in the fourth quarter. APG Asset Management N.V. now owns 380,800 shares of the health services provider’s stock valued at $22,700,000 after purchasing an additional 289,300 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of MAXIMUS by 39.2% in the third quarter. Schwab Charles Investment Management Inc. now owns 689,814 shares of the health services provider’s stock valued at $44,494,000 after purchasing an additional 194,225 shares during the period. Finally, Mackenzie Financial Corp raised its position in shares of MAXIMUS by 18.7% in the third quarter. Mackenzie Financial Corp now owns 1,159,102 shares of the health services provider’s stock valued at $74,762,000 after purchasing an additional 182,494 shares during the period. 95.55% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Russell A. Beliveau sold 1,000 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $71.73, for a total transaction of $71,730.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel David Francis sold 3,600 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $64.50, for a total transaction of $232,200.00. Following the transaction, the general counsel now directly owns 10,017 shares in the company, valued at approximately $646,096.50. The disclosure for this sale can be found here. Insiders have sold 69,617 shares of company stock worth $4,789,052 in the last ninety days. 2.48% of the stock is currently owned by insiders.

MMS has been the topic of a number of recent analyst reports. Canaccord Genuity reissued a “buy” rating on shares of MAXIMUS in a research report on Wednesday, December 27th. Zacks Investment Research raised shares of MAXIMUS from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research report on Tuesday. Finally, Maxim Group reissued a “hold” rating and issued a $69.00 price target (up previously from $66.00) on shares of MAXIMUS in a research report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. MAXIMUS has an average rating of “Hold” and an average price target of $66.60.

MAXIMUS, Inc. (MMS) opened at $66.88 on Thursday. MAXIMUS, Inc. has a 52-week low of $57.12 and a 52-week high of $72.71. The company has a market cap of $4,203.65, a P/E ratio of 19.71, a PEG ratio of 2.14 and a beta of 1.21. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.57 and a quick ratio of 2.57.

MAXIMUS (NYSE:MMS) last released its quarterly earnings results on Thursday, February 8th. The health services provider reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.01. MAXIMUS had a net margin of 8.99% and a return on equity of 22.93%. The company had revenue of $623.10 million for the quarter, compared to analyst estimates of $624.36 million. During the same quarter last year, the firm posted $0.71 earnings per share. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. sell-side analysts forecast that MAXIMUS, Inc. will post 3.44 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Thursday, February 15th will be given a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend is Wednesday, February 14th. MAXIMUS’s dividend payout ratio (DPR) is currently 5.36%.

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MAXIMUS Profile

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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Institutional Ownership by Quarter for MAXIMUS (NYSE:MMS)

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