Globeflex Capital L P cut its holdings in shares of Maximus, Inc. (NYSE:MMS) by 6.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,020 shares of the health services provider’s stock after selling 1,564 shares during the quarter. Globeflex Capital L P’s holdings in Maximus were worth $1,575,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of MMS. Global Retirement Partners LLC acquired a new position in shares of Maximus during the third quarter worth approximately $29,000. CI Investments Inc. acquired a new position in shares of Maximus in the third quarter valued at $43,000. Signaturefd LLC raised its stake in shares of Maximus by 237.0% in the second quarter. Signaturefd LLC now owns 1,112 shares of the health services provider’s stock valued at $78,000 after purchasing an additional 782 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Maximus in the second quarter valued at $92,000. Finally, HighPoint Advisor Group LLC acquired a new position in shares of Maximus in the third quarter valued at $208,000. Institutional investors own 94.19% of the company’s stock.
Shares of MMS stock opened at $73.70 on Monday. The stock’s fifty day moving average is $70.36 and its 200-day moving average is $71.61. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.95 and a current ratio of 1.95. The stock has a market capitalization of $4.53 billion, a PE ratio of 22.27 and a beta of 0.87. Maximus, Inc. has a 52 week low of $46.42 and a 52 week high of $80.50.
Maximus (NYSE:MMS) last announced its earnings results on Wednesday, November 18th. The health services provider reported $1.02 EPS for the quarter, topping the consensus estimate of $0.89 by $0.13. The company had revenue of $923.84 million for the quarter, compared to analysts’ expectations of $866.07 million. Maximus had a return on equity of 17.29% and a net margin of 6.41%. As a group, analysts forecast that Maximus, Inc. will post 3.27 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 13th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.52%. The ex-dividend date is Thursday, November 12th. Maximus’s payout ratio is 30.11%.
MMS has been the topic of a number of analyst reports. KeyCorp upped their price target on Maximus from $80.00 to $84.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. TheStreet upgraded Maximus from a “c+” rating to a “b-” rating in a research report on Tuesday, November 10th. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $83.50.
In other Maximus news, insider Thomas D. Romeo sold 6,257 shares of the firm’s stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $68.41, for a total value of $428,041.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel David Francis sold 6,677 shares of the firm’s stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $70.00, for a total value of $467,390.00. Following the completion of the transaction, the general counsel now owns 10,024 shares of the company’s stock, valued at $701,680. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 77,122 shares of company stock worth $5,394,762. 2.00% of the stock is currently owned by insiders.
Maximus Company Profile
Maximus, Inc provides business process services (BPS) to government health and human services programs worldwide. It operates through three segments: U.S. Services, U.S. Federal Services, and Outside the U.S. The U.S. Services segment offers various BPS solutions, such as program administration, appeals and assessments, and related consulting works for U.S.
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