Teacher Retirement System of Texas cut its holdings in Maximus, Inc. (NYSE:MMS – Get Rating) by 20.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 12,182 shares of the health services provider’s stock after selling 3,051 shares during the quarter. Teacher Retirement System of Texas’ holdings in Maximus were worth $893,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in Maximus by 1.1% in the first quarter. BlackRock Inc. now owns 7,014,024 shares of the health services provider’s stock valued at $525,701,000 after acquiring an additional 74,106 shares in the last quarter. Victory Capital Management Inc. increased its position in Maximus by 9.2% during the fourth quarter. Victory Capital Management Inc. now owns 6,737,087 shares of the health services provider’s stock worth $494,053,000 after buying an additional 567,203 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Maximus by 2.0% in the 3rd quarter. Alliancebernstein L.P. now owns 2,732,679 shares of the health services provider’s stock valued at $158,140,000 after purchasing an additional 52,705 shares in the last quarter. State Street Corp lifted its stake in Maximus by 2.3% in the second quarter. State Street Corp now owns 2,587,930 shares of the health services provider’s stock valued at $161,772,000 after buying an additional 57,997 shares during the period. Finally, First Trust Advisors LP increased its position in Maximus by 5.9% in the third quarter. First Trust Advisors LP now owns 1,089,413 shares of the health services provider’s stock worth $63,044,000 after buying an additional 60,316 shares during the last quarter. Hedge funds and other institutional investors own 97.41% of the company’s stock.
Wall Street Analyst Weigh In
Separately, StockNews.com initiated coverage on shares of Maximus in a report on Thursday, May 18th. They set a “buy” rating on the stock.
Maximus Trading Down 0.1 %
Maximus (NYSE:MMS – Get Rating) last issued its quarterly earnings data on Wednesday, May 3rd. The health services provider reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.02. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.20 billion. Maximus had a net margin of 3.62% and a return on equity of 15.37%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the business posted $1.07 earnings per share. As a group, sell-side analysts predict that Maximus, Inc. will post 4.42 earnings per share for the current fiscal year.
Maximus Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 31st. Stockholders of record on Monday, May 15th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend was Friday, May 12th. Maximus’s payout ratio is 39.86%.
Insider Buying and Selling
In other Maximus news, insider Michelle F. Link sold 1,968 shares of Maximus stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $79.53, for a total value of $156,515.04. Following the completion of the sale, the insider now directly owns 2,081 shares of the company’s stock, valued at approximately $165,501.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is owned by company insiders.
Maximus Company Profile
MAXIMUS, Inc engages in the operation of government health and human services programs, and the provision of technology solutions to government. It operates through the following segments: U.S. Services, U.S. Federal Services, and Outside the U.S. The U.S. Services segment offers business process services (BPS), appeals and assessments, and related consulting work for U.S.
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