Schroder Investment Management Group purchased a new stake in MAXIMUS, Inc. (NYSE:MMS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,600 shares of the health services provider’s stock, valued at approximately $401,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in MMS. Steward Partners Investment Advisory LLC purchased a new stake in shares of MAXIMUS during the 4th quarter worth approximately $169,000. Capital One National Association purchased a new position in shares of MAXIMUS during the 4th quarter valued at $213,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of MAXIMUS by 51.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,581 shares of the health services provider’s stock valued at $256,000 after purchasing an additional 1,214 shares in the last quarter. Belpointe Asset Management LLC purchased a new position in shares of MAXIMUS during the 3rd quarter valued at $269,000. Finally, Cetera Advisors LLC purchased a new position in shares of MAXIMUS during the 3rd quarter valued at $275,000. 96.72% of the stock is currently owned by institutional investors and hedge funds.
In other news, CEO Richard A. Montoni sold 30,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $67.89, for a total value of $2,036,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Russell A. Beliveau sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $71.73, for a total transaction of $71,730.00. The disclosure for this sale can be found here. Insiders have sold 44,600 shares of company stock valued at $3,014,830 over the last ninety days. 3.10% of the stock is currently owned by corporate insiders.
MAXIMUS, Inc. (NYSE MMS) opened at $68.11 on Friday. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 0.01. MAXIMUS, Inc. has a 52-week low of $57.12 and a 52-week high of $72.71. The firm has a market cap of $4,428.01, a P/E ratio of 20.27, a P/E/G ratio of 2.26 and a beta of 1.18.
MAXIMUS (NYSE:MMS) last released its quarterly earnings results on Thursday, February 8th. The health services provider reported $0.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.01. The business had revenue of $623.10 million for the quarter, compared to the consensus estimate of $624.36 million. MAXIMUS had a net margin of 8.99% and a return on equity of 22.93%. The company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period last year, the firm earned $0.71 earnings per share. equities analysts expect that MAXIMUS, Inc. will post 3.44 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Thursday, February 15th were paid a dividend of $0.045 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.18 annualized dividend and a yield of 0.26%. MAXIMUS’s payout ratio is 5.36%.
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MAXIMUS Company 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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