Mutual of America Capital Management LLC Cuts Stake in Maximus, Inc. (NYSE:MMS)

Mutual of America Capital Management LLC decreased its position in Maximus, Inc. (NYSE:MMS) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,788 shares of the health services provider’s stock after selling 736 shares during the period. Mutual of America Capital Management LLC owned about 0.06% of Maximus worth $2,373,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. UMB Bank n.a. boosted its holdings in Maximus by 79.8% in the 4th quarter. UMB Bank n.a. now owns 356 shares of the health services provider’s stock valued at $27,000 after purchasing an additional 158 shares in the last quarter. Eastern Bank acquired a new stake in shares of Maximus in the 4th quarter valued at approximately $29,000. V Square Quantitative Management LLC boosted its stake in shares of Maximus by 65.9% in the fourth quarter. V Square Quantitative Management LLC now owns 453 shares of the health services provider’s stock valued at $34,000 after buying an additional 180 shares in the last quarter. R Squared Ltd acquired a new position in Maximus during the fourth quarter worth $54,000. Finally, IFP Advisors Inc raised its position in Maximus by 62.4% in the fourth quarter. IFP Advisors Inc now owns 786 shares of the health services provider’s stock worth $59,000 after acquiring an additional 302 shares in the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Maximus

In related news, insider Ilene R. Baylinson sold 14,500 shares of the stock in a transaction on Wednesday, February 19th. The stock was 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 $171,167.68. This trade represents a 85.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Bruce Caswell bought 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was purchased at an average cost of $70.64 per share, with a total value of $247,240.00. Following the purchase, the chief executive officer now directly owns 275,929 shares in the company, valued at $19,491,624.56. The trade was a 1.28 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 7,008 shares of company stock valued at $497,835 in the last ninety days. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

MMS has been the topic of several research analyst reports. Raymond James upgraded shares of 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. StockNews.com lowered shares of Maximus from a “buy” rating to a “hold” rating in a research report on Friday, February 14th.

Maximus Stock Performance

Shares of MMS stock opened at $71.26 on Friday. The stock has a fifty day moving average price of $72.80 and a 200 day moving average price of $80.41. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.72 and a current ratio of 1.72. The stock has a market cap of $4.03 billion, a PE ratio of 15.33 and a beta of 0.71. Maximus, Inc. has a 1 year low of $63.77 and a 1 year high of $93.97.

Maximus (NYSE:MMS) last released its quarterly earnings results on Thursday, February 6th. The health services provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.22. Maximus had a return on equity of 21.95% and a net margin of 5.28%. Sell-side analysts forecast that Maximus, Inc. will post 6.15 earnings per share for the current fiscal year.

Maximus Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Saturday, February 15th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.68%. Maximus’s dividend payout ratio (DPR) is 25.81%.

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.