Maximus, Inc. (NYSE:MMS) Position Reduced by Federated Hermes Inc.

Federated Hermes Inc. reduced its position in Maximus, Inc. (NYSE:MMS) by 0.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 541,853 shares of the health services provider’s stock after selling 1,835 shares during the period. Federated Hermes Inc. owned about 0.89% of Maximus worth $45,440,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. FMR LLC boosted its position in Maximus by 6.4% during the third quarter. FMR LLC now owns 8,588,189 shares of the health services provider’s stock valued at $641,366,000 after purchasing an additional 514,698 shares during the last quarter. Norges Bank bought a new position in shares of Maximus during the 4th quarter valued at $37,673,000. Stephens Investment Management Group LLC boosted its holdings in Maximus by 68.3% in the second quarter. Stephens Investment Management Group LLC now owns 570,702 shares of the health services provider’s stock worth $48,230,000 after purchasing an additional 231,666 shares in the last quarter. Van Berkom & Associates Inc. increased its position in Maximus by 22.3% during the third quarter. Van Berkom & Associates Inc. now owns 1,124,238 shares of the health services provider’s stock worth $83,958,000 after buying an additional 204,796 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in Maximus during the third quarter valued at about $13,451,000. Institutional investors and hedge funds own 97.21% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on MMS. StockNews.com raised Maximus from a “hold” rating to a “buy” rating in a report on Thursday, February 8th. Raymond James cut shares of Maximus from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 3rd.

Insider Activity at Maximus

In other Maximus news, CFO David Mutryn sold 8,000 shares of Maximus stock in a transaction on Friday, February 16th. The shares were sold at an average price of $83.95, for a total transaction of $671,600.00. Following the sale, the chief financial officer now owns 5,124 shares in the company, valued at $430,159.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is currently owned by corporate insiders.

Maximus Trading Up 1.7 %

Shares of MMS stock opened at $81.44 on Friday. 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, Inc. has a 1 year low of $72.39 and a 1 year high of $89.69. The firm’s fifty day simple moving average is $82.69 and its 200 day simple moving average is $81.10. The firm has a market capitalization of $4.97 billion, a P/E ratio of 26.97 and a beta of 0.72.

Maximus (NYSE:MMS) last released its earnings results on Wednesday, February 7th. The health services provider reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.06. Maximus had a net margin of 3.73% and a return on equity of 15.68%. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the company earned $0.94 earnings per share. The firm’s revenue was up 6.2% on a year-over-year basis. As a group, sell-side analysts predict that Maximus, Inc. will post 5.41 EPS for the current year.

Maximus Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Tuesday, May 14th. Maximus’s dividend payout ratio is presently 39.74%.

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.