Retirement Systems of Alabama Acquires 232 Shares of Maximus, Inc. (NYSE:MMS)

Retirement Systems of Alabama boosted its holdings in Maximus, Inc. (NYSE:MMS) by 0.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 76,128 shares of the health services provider’s stock after buying an additional 232 shares during the period. Retirement Systems of Alabama owned approximately 0.12% of Maximus worth $6,384,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. VisionPoint Advisory Group LLC lifted its stake in shares of Maximus by 61.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 381 shares of the health services provider’s stock valued at $28,000 after purchasing an additional 145 shares during the period. Anchor Investment Management LLC bought a new position in Maximus during the fourth quarter worth about $32,000. Planned Solutions Inc. acquired a new position in shares of Maximus during the 4th quarter worth about $59,000. Fifth Third Bancorp raised its position in shares of Maximus by 57.9% in the 4th quarter. Fifth Third Bancorp now owns 998 shares of the health services provider’s stock valued at $84,000 after acquiring an additional 366 shares during the period. Finally, NBC Securities Inc. acquired a new stake in shares of Maximus in the 3rd quarter valued at approximately $85,000. 97.21% of the stock is owned by institutional investors.

Maximus Stock Up 1.2 %

NYSE:MMS opened at $82.81 on Friday. Maximus, Inc. has a 1 year low of $72.39 and a 1 year high of $89.69. The stock has a 50-day moving average price of $82.33 and a two-hundred day moving average price of $81.48. The stock has a market cap of $5.05 billion, a price-to-earnings ratio of 27.42 and a beta of 0.72. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.71.

Maximus (NYSE:MMS) last issued its quarterly earnings data on Wednesday, February 7th. The health services provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.06. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.29 billion. Maximus had a return on equity of 15.68% and a net margin of 3.73%. Maximus’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.94 EPS. As a group, equities analysts expect that Maximus, Inc. will post 5.42 earnings per share for the current year.

Maximus Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be issued a dividend of $0.30 per share. The ex-dividend date is Tuesday, May 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.45%. Maximus’s payout ratio is 39.74%.

Insider Buying and Selling

In other Maximus news, CFO David Mutryn sold 8,000 shares of Maximus stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $83.95, for a total value of $671,600.00. Following the sale, the chief financial officer now owns 5,124 shares of the company’s stock, valued at approximately $430,159.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Maximus from a “hold” rating to a “buy” rating in a research note on Thursday, February 8th.

About Maximus

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.