Maximus, Inc. (NYSE:MMS) Stake Trimmed by Inspire Advisors LLC

Inspire Advisors LLC cut its position in shares of Maximus, Inc. (NYSE:MMS) by 4.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,392 shares of the health services provider’s stock after selling 376 shares during the quarter. Inspire Advisors LLC’s holdings in Maximus were worth $782,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in MMS. Virtu Financial LLC boosted its stake in Maximus by 8.3% in the 4th quarter. Virtu Financial LLC now owns 3,102 shares of the health services provider’s stock worth $260,000 after purchasing an additional 237 shares during the period. Vanguard Group Inc. grew its holdings in shares of Maximus by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 6,062,856 shares of the health services provider’s stock valued at $508,431,000 after buying an additional 69,873 shares in the last quarter. HighPoint Advisor Group LLC purchased a new stake in Maximus in the 4th quarter worth about $336,000. Kapitalo Investimentos Ltda acquired a new stake in Maximus during the 4th quarter worth about $52,000. Finally, Rise Advisors LLC boosted its position in Maximus by 1,445.0% during the 1st quarter. Rise Advisors LLC now owns 309 shares of the health services provider’s stock worth $26,000 after acquiring an additional 289 shares during the period. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Maximus Price Performance

Shares of MMS opened at $89.84 on Friday. The business’s 50-day moving average is $90.04 and its 200-day moving average is $87.17. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.59 and a quick ratio of 1.59. The company has a market capitalization of $5.46 billion, a price-to-earnings ratio of 23.58 and a beta of 0.76. Maximus, Inc. has a fifty-two week low of $72.81 and a fifty-two week high of $93.97.

Maximus (NYSE:MMS) last released its quarterly earnings data on Wednesday, August 7th. The health services provider reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.27. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. Maximus had a net margin of 5.59% and a return on equity of 20.91%. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.78 EPS. Equities research analysts expect that Maximus, Inc. will post 6.12 EPS for the current fiscal year.

Maximus Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, November 30th. Investors of record on Friday, November 15th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.20 dividend on an annualized basis and a yield of 1.34%. Maximus’s payout ratio is 31.50%.

Insider Buying and Selling at Maximus

In other news, insider Michelle F. Link sold 1,363 shares of Maximus stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $92.56, for a total transaction of $126,159.28. Following the completion of the sale, the insider now directly owns 6,567 shares in the company, valued at $607,841.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.40% of the company’s stock.

Maximus Company 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.