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

New York State Teachers Retirement System boosted its stake in shares of Maximus, Inc. (NYSE:MMS - Free Report) by 9.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 88,557 shares of the health services provider's stock after buying an additional 7,314 shares during the quarter. New York State Teachers Retirement System owned approximately 0.15% of Maximus worth $8,250,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in MMS. Assenagon Asset Management S.A. lifted its holdings in Maximus by 151.6% during the second quarter. Assenagon Asset Management S.A. now owns 233,134 shares of the health services provider's stock valued at $19,980,000 after purchasing an additional 140,481 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Maximus by 942.9% in the second 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 buying an additional 292,300 shares in the last quarter. Tidal Investments LLC raised its position in shares of Maximus by 238.9% in the first quarter. Tidal Investments LLC now owns 12,763 shares of the health services provider's stock worth $1,071,000 after buying an additional 8,997 shares in the last quarter. SG Americas Securities LLC boosted its stake in Maximus by 609.6% during the second quarter. SG Americas Securities LLC now owns 14,278 shares of the health services provider's stock valued at $1,224,000 after buying an additional 12,266 shares during the period. Finally, Entropy Technologies LP purchased a new position in Maximus during the first quarter worth about $491,000. Institutional investors own 97.21% of the company's stock.

Maximus Price Performance

Shares of MMS traded up $0.33 during trading hours on Monday, reaching $87.29. 206,886 shares of the company's stock traded hands, compared to its average volume of 343,240. Maximus, Inc. has a 12 month low of $75.22 and a 12 month high of $93.97. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.61. The stock has a market cap of $5.25 billion, a PE ratio of 18.39 and a beta of 0.77. The firm's 50 day simple moving average is $89.68 and its 200-day simple moving average is $87.73.

Maximus (NYSE:MMS - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The health services provider reported $1.74 EPS for the quarter, topping analysts' consensus estimates of $1.47 by $0.27. The business had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.29 billion. Maximus had a net margin of 5.59% and a return on equity of 20.91%. The business's quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.78 EPS. Equities analysts expect that Maximus, Inc. will post 6.12 EPS for the current year.

Maximus Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, November 30th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Friday, November 15th. Maximus's dividend payout ratio (DPR) is currently 25.16%.

Insider Transactions at Maximus

In related news, insider Michelle F. Link sold 1,363 shares of the firm's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $92.56, for a total transaction of $126,159.28. Following 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.40% of the company's stock.

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.