New York State Teachers Retirement System Decreases Stock Position in Maximus, Inc. (NYSE:MMS)

New York State Teachers Retirement System lessened its position in Maximus, Inc. (NYSE:MMS - Free Report) by 6.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 83,157 shares of the health services provider's stock after selling 5,400 shares during the quarter. New York State Teachers Retirement System owned about 0.14% of Maximus worth $6,208,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. lifted its position in shares of Maximus by 79.8% in the fourth quarter. UMB Bank n.a. now owns 356 shares of the health services provider's stock valued at $27,000 after acquiring an additional 158 shares in the last quarter. Eastern Bank purchased a new position in shares of Maximus in the fourth quarter valued at approximately $29,000. V Square Quantitative Management LLC lifted its position 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 acquiring an additional 180 shares in the last quarter. R Squared Ltd purchased a new position in shares of Maximus in the fourth quarter valued at approximately $54,000. Finally, Quarry LP increased its holdings in shares of Maximus by 48.0% in the third quarter. Quarry LP now owns 1,017 shares of the health services provider's stock valued at $95,000 after purchasing an additional 330 shares during the last quarter. Hedge funds and other institutional investors own 97.21% of the company's stock.

Insiders Place Their Bets

In other news, insider Ilene R. Baylinson sold 14,500 shares of Maximus stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $68.14, for a total value of $988,030.00. Following the completion of the sale, the insider now directly owns 2,512 shares of the company's stock, valued at approximately $171,167.68. The trade was a 85.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Michelle F. Link sold 2,208 shares of Maximus stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $73.83, for a total value of $163,016.64. Following the completion of the sale, the insider now directly owns 6,567 shares of the company's stock, valued at $484,841.61. The trade was a 25.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders acquired a total of 7,063 shares of company stock valued at $502,017 over the last quarter. 1.60% of the stock is owned by insiders.

Maximus Price Performance

Shares of NYSE:MMS traded down $0.82 during midday trading on Friday, hitting $65.95. The company had a trading volume of 680,571 shares, compared to its average volume of 738,167. Maximus, Inc. has a twelve month low of $64.53 and a twelve month high of $93.97. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.72 and a quick ratio of 1.72. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 14.18 and a beta of 0.72. The business's 50-day simple moving average is $73.79 and its 200-day simple moving average is $81.72.

Maximus (NYSE:MMS - Get Free Report) last posted its 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%. On average, research analysts predict that Maximus, Inc. will post 6.15 earnings per share for the current year.

Maximus Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Saturday, February 15th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, February 14th. This represents a $1.20 annualized dividend and a yield of 1.82%. Maximus's dividend payout ratio (DPR) is 25.81%.

Analyst Upgrades and Downgrades

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

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.