Comerica Bank Sells 691 Shares of Maximus, Inc. (NYSE:MMS)

Comerica Bank cut its holdings in Maximus, Inc. (NYSE:MMS) by 2.5% during the 4th quarter, Holdings Channel reports. The firm owned 26,919 shares of the health services provider’s stock after selling 691 shares during the period. Comerica Bank’s holdings in Maximus were worth $2,009,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Maximus by 3.2% in the 4th quarter. Vanguard Group Inc. now owns 6,548,284 shares of the health services provider’s stock worth $488,829,000 after buying an additional 205,564 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Maximus by 14.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,406,592 shares of the health services provider’s stock worth $105,001,000 after acquiring an additional 177,075 shares during the period. Van Berkom & Associates Inc. boosted its holdings in Maximus by 8.5% in the fourth quarter. Van Berkom & Associates Inc. now owns 1,256,418 shares of the health services provider’s stock valued at $93,792,000 after acquiring an additional 98,264 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its position in Maximus by 7.4% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,234,933 shares of the health services provider’s stock valued at $92,188,000 after purchasing an additional 84,835 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Maximus by 7.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,000,664 shares of the health services provider’s stock worth $74,700,000 after purchasing an additional 71,598 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Insider Buying and Selling

In related news, insider Ilene R. Baylinson sold 14,500 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $68.14, for a total value of $988,030.00. Following the transaction, the insider now owns 2,512 shares in the company, valued at $171,167.68. The trade was a 85.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jan Madsen sold 2,439 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $67.71, for a total transaction of $165,144.69. Following the sale, the director now owns 18,097 shares of the company’s stock, valued at approximately $1,225,347.87. This represents a 11.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Maximus from a “hold” rating to a “buy” rating in a research report on Wednesday.

Maximus Trading Down 0.6 %

MMS opened at $75.31 on Friday. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.82. Maximus, Inc. has a 52 week low of $63.77 and a 52 week high of $93.97. The stock has a market cap of $4.26 billion, a PE ratio of 16.20 and a beta of 0.61. The business has a 50 day moving average of $68.07 and a 200-day moving average of $73.15.

Maximus (NYSE:MMS) last released its earnings results on Thursday, May 8th. The health services provider reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.64. Maximus had a net margin of 5.28% and a return on equity of 21.95%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the firm earned $1.57 EPS. The company’s revenue was up 1.0% compared to the same quarter last year. Equities research analysts predict that Maximus, Inc. will post 6.15 earnings per share for the current fiscal year.

Maximus Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, May 31st. Stockholders of record on Thursday, May 15th will be given a $0.30 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.59%. Maximus’s dividend payout ratio is currently 25.81%.

Maximus Profile

Maximus, Inc operates as a provider of government services in the United States and internationally. It operates through three segments: U.S. Federal Services, U.S. Services, and Outside the U.S. The U.S. Services segment offers program eligibility support and enrollment; centralized multilingual customer contact centers, multichannel, and digital self-service options for enrollment; application assistance and independent health plan choice counseling; beneficiary outreach, education, eligibility, enrollment, and redeterminations; and person-centered independent disability, long-term sick, and other health assessments.