California Public Employees Retirement System Decreases Stock Holdings in Maximus, Inc. (NYSE:MMS)

California Public Employees Retirement System reduced its position in Maximus, Inc. (NYSE:MMS - Free Report) by 6.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 100,433 shares of the health services provider's stock after selling 7,147 shares during the quarter. California Public Employees Retirement System owned about 0.18% of Maximus worth $7,497,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. StockNews.com cut Maximus from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Raymond James raised Maximus from a "market perform" rating to an "outperform" rating and set a $90.00 target price for the company in a report on Thursday, January 2nd.

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Insiders Place Their Bets

In other Maximus news, Director Jan Madsen sold 2,439 shares of Maximus stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $67.71, for a total value of $165,144.69. Following the completion of the transaction, the director now owns 18,097 shares of the company's stock, valued at approximately $1,225,347.87. The trade was a 11.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ilene R. Baylinson sold 14,500 shares of the stock in a transaction dated 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 directly owns 2,512 shares in the company, valued at approximately $171,167.68. The trade was a 85.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

Maximus Stock Performance

Shares of NYSE:MMS traded up $0.94 during midday trading on Friday, reaching $68.41. The company's stock had a trading volume of 527,898 shares, compared to its average volume of 548,296. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.82. The stock has a fifty day moving average of $67.90 and a 200 day moving average of $76.15. Maximus, Inc. has a twelve month low of $63.77 and a twelve month high of $93.97. The firm has a market capitalization of $3.87 billion, a PE ratio of 14.71 and a beta of 0.68.

Maximus (NYSE:MMS - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The health services provider reported $1.61 earnings per share 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%. On average, equities analysts expect that Maximus, Inc. will post 6.15 EPS for the current fiscal year.

Maximus Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, May 31st. Shareholders of record on Thursday, May 15th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Thursday, May 15th. Maximus's payout ratio is presently 25.81%.

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.