Stephens Investment Management Group LLC Sells 16,622 Shares of Maximus, Inc. (NYSE:MMS)

Stephens Investment Management Group LLC reduced its holdings in shares of Maximus, Inc. (NYSE:MMS) by 2.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 564,610 shares of the health services provider’s stock after selling 16,622 shares during the quarter. Stephens Investment Management Group LLC owned 0.93% of Maximus worth $52,599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. grew its holdings in shares of Maximus by 277.0% in the third quarter. Assenagon Asset Management S.A. now owns 878,894 shares of the health services provider’s stock worth $81,878,000 after acquiring an additional 645,760 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Maximus by 942.9% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 323,300 shares of the health services provider’s stock worth $27,707,000 after purchasing an additional 292,300 shares during the last quarter. Millennium Management LLC grew its stake in shares of Maximus by 150.4% during the 2nd quarter. Millennium Management LLC now owns 406,075 shares of the health services provider’s stock valued at $34,801,000 after purchasing an additional 243,890 shares during the period. Vanguard Group Inc. increased its position in shares of Maximus by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 6,208,839 shares of the health services provider’s stock valued at $520,922,000 after purchasing an additional 145,983 shares during the last quarter. Finally, Algert Global LLC bought a new position in shares of Maximus in the 2nd quarter worth approximately $12,424,000. 97.21% of the stock is currently owned by institutional investors.

Maximus Stock Down 1.9 %

Shares of MMS stock opened at $86.44 on Friday. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.61. Maximus, Inc. has a 12 month low of $73.88 and a 12 month high of $93.97. The stock has a market cap of $5.20 billion, a P/E ratio of 18.12 and a beta of 0.76. The company has a 50 day simple moving average of $89.85 and a two-hundred day simple moving average of $87.59.

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

Maximus Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, November 30th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Friday, November 15th. Maximus’s payout ratio is 25.16%.

Insider Buying and Selling at Maximus

In other news, insider Michelle F. Link sold 1,363 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $92.56, for a total value of $126,159.28. Following the completion of the sale, the insider now directly owns 6,567 shares of the company’s stock, valued at $607,841.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.