Liberty Capital Management Inc. Lowers Stock Position in Maximus, Inc. (NYSE:MMS)

Liberty Capital Management Inc. lessened its holdings in Maximus, Inc. (NYSE:MMS) by 3.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 8,556 shares of the health services provider’s stock after selling 300 shares during the period. Liberty Capital Management Inc.’s holdings in Maximus were worth $797,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Assenagon Asset Management S.A. raised its stake in shares of Maximus by 151.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 233,134 shares of the health services provider’s stock worth $19,980,000 after acquiring an additional 140,481 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Maximus by 942.9% during the 2nd 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 acquiring an additional 292,300 shares in the last quarter. Tidal Investments LLC raised its stake in shares of Maximus by 238.9% during the 1st quarter. Tidal Investments LLC now owns 12,763 shares of the health services provider’s stock worth $1,071,000 after acquiring an additional 8,997 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Maximus by 609.6% during the 2nd quarter. SG Americas Securities LLC now owns 14,278 shares of the health services provider’s stock worth $1,224,000 after acquiring an additional 12,266 shares in the last quarter. Finally, Entropy Technologies LP bought a new position in shares of Maximus during the 1st quarter worth approximately $491,000. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Insider Transactions 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 sale, the insider now owns 6,567 shares in the company, valued at $607,841.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.40% of the company’s stock.

Maximus Trading Down 1.1 %

Shares of Maximus stock opened at $87.09 on Wednesday. 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 $72.81 and a 12-month high of $93.97. The firm has a market capitalization of $5.29 billion, a price-to-earnings ratio of 22.86 and a beta of 0.76. The firm’s 50 day simple moving average is $90.08 and its two-hundred day simple moving average is $87.35.

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

Maximus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, November 30th. Stockholders of record on Friday, November 15th will be paid a $0.30 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.38%. Maximus’s payout ratio is currently 31.50%.

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.