Maximus, Inc. (NYSE:MMS) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its position in shares of Maximus, Inc. (NYSE:MMS) by 95.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,297 shares of the health services provider’s stock after selling 884,315 shares during the quarter. Victory Capital Management Inc.’s holdings in Maximus were worth $2,859,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in MMS. Charles Schwab Investment Management Inc. grew its position in shares of Maximus by 7.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,000,664 shares of the health services provider’s stock valued at $74,700,000 after purchasing an additional 71,598 shares in the last quarter. QRG Capital Management Inc. raised its stake in shares of Maximus by 15.2% in the fourth quarter. QRG Capital Management Inc. now owns 4,993 shares of the health services provider’s stock valued at $373,000 after acquiring an additional 657 shares in the last quarter. Versor Investments LP raised its stake in shares of Maximus by 12.9% in the fourth quarter. Versor Investments LP now owns 9,600 shares of the health services provider’s stock valued at $717,000 after acquiring an additional 1,100 shares in the last quarter. Bryn Mawr Capital Management LLC raised its stake in shares of Maximus by 129.8% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 4,946 shares of the health services provider’s stock valued at $369,000 after acquiring an additional 2,794 shares in the last quarter. Finally, Illinois Municipal Retirement Fund raised its stake in shares of Maximus by 35.4% in the fourth quarter. Illinois Municipal Retirement Fund now owns 25,273 shares of the health services provider’s stock valued at $1,887,000 after acquiring an additional 6,606 shares in the last quarter. Institutional investors and hedge funds own 97.21% of the company’s stock.

Insider Buying and Selling

In related news, CEO Bruce Caswell purchased 3,500 shares of Maximus stock in a transaction dated Tuesday, December 17th. The stock was bought at an average cost of $70.64 per share, for a total transaction of $247,240.00. Following the transaction, the chief executive officer now owns 275,929 shares in the company, valued at approximately $19,491,624.56. The trade was a 1.28 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ilene R. Baylinson sold 14,500 shares of Maximus stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $68.14, for a total transaction of $988,030.00. Following the sale, the insider now owns 2,512 shares of the company’s stock, valued at approximately $171,167.68. The trade was a 85.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

Maximus Stock Up 0.3 %

MMS opened at $67.06 on Monday. The business’s 50-day simple moving average is $72.01 and its 200-day simple moving average is $79.30. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.72 and a current ratio of 1.72. Maximus, Inc. has a one year low of $63.77 and a one year high of $93.97. The stock has a market capitalization of $3.80 billion, a P/E ratio of 14.42 and a beta of 0.71.

Maximus (NYSE:MMS) last posted its earnings results on Thursday, February 6th. The health services provider reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.22. Maximus had a return on equity of 21.95% and a net margin of 5.28%. Analysts anticipate that Maximus, Inc. will post 6.15 EPS for the current year.

Maximus Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Saturday, February 15th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date was Friday, February 14th. Maximus’s dividend payout ratio is currently 25.81%.

Analyst Ratings Changes

A number of analysts have weighed in on MMS shares. StockNews.com cut Maximus from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Raymond James upgraded Maximus from a “market perform” rating to an “outperform” rating and set a $90.00 target price on the stock in a research report on Thursday, January 2nd.

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.