Stephens Investment Management Group LLC Sells 16,622 Shares of Maximus, Inc. (NYSE:MMS)

Stephens Investment Management Group LLC decreased its holdings in Maximus, Inc. (NYSE:MMS - Free Report) by 2.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 564,610 shares of the health services provider's stock after selling 16,622 shares during the quarter. Stephens Investment Management Group LLC owned 0.93% of Maximus worth $52,599,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. New York State Teachers Retirement System grew its holdings in Maximus by 9.0% during the third quarter. New York State Teachers Retirement System now owns 88,557 shares of the health services provider's stock valued at $8,250,000 after purchasing an additional 7,314 shares during the period. Cavalier Investments LLC lifted its position in shares of Maximus by 6.4% during the 3rd quarter. Cavalier Investments LLC now owns 22,792 shares of the health services provider's stock valued at $2,123,000 after buying an additional 1,380 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of Maximus by 5.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 6,987 shares of the health services provider's stock valued at $650,000 after acquiring an additional 365 shares during the period. GHP Investment Advisors Inc. grew its stake in shares of Maximus by 4.7% during the 3rd quarter. GHP Investment Advisors Inc. now owns 32,151 shares of the health services provider's stock valued at $2,995,000 after acquiring an additional 1,443 shares during the period. Finally, Dakota Wealth Management purchased a new stake in Maximus in the 3rd quarter worth approximately $208,000. 97.21% of the stock is currently owned by institutional investors.

Maximus Price Performance

NYSE:MMS traded up $0.52 during trading hours on Friday, hitting $86.96. 243,012 shares of the stock traded hands, compared to its average volume of 343,884. The company has a market cap of $5.23 billion, a price-to-earnings ratio of 18.23 and a beta of 0.76. Maximus, Inc. has a 1 year low of $74.79 and a 1 year high of $93.97. The stock has a 50 day moving average price of $89.77 and a 200 day moving average price of $87.58. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.61.

Maximus (NYSE:MMS - Get Free Report) last issued its earnings results on Wednesday, August 7th. The health services provider reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.27. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Maximus had a net margin of 5.59% and a return on equity of 20.91%. Maximus's quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.78 EPS. Sell-side analysts forecast that Maximus, Inc. will post 6.12 EPS for the current fiscal year.

Maximus Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, November 30th. Investors of record on Friday, November 15th will be issued a $0.30 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.20 dividend on an annualized basis and a yield of 1.38%. Maximus's dividend payout ratio is presently 25.16%.

Insiders Place Their Bets

In related news, insider Michelle F. Link sold 1,363 shares of the firm's stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $92.56, for a total transaction of $126,159.28. Following the completion of the transaction, the insider now directly owns 6,567 shares of the company's stock, valued at approximately $607,841.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.40% of the stock is currently owned by corporate insiders.

Maximus 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.