Teacher Retirement System of Texas Buys 27,499 Shares of Maximus, Inc. (NYSE:MMS)

Teacher Retirement System of Texas lifted its stake in shares of Maximus, Inc. (NYSE:MMS - Free Report) by 66.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 69,137 shares of the health services provider's stock after buying an additional 27,499 shares during the quarter. Teacher Retirement System of Texas owned about 0.12% of Maximus worth $5,161,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Reinhart Partners LLC. grew its stake in shares of Maximus by 43.5% in the 4th quarter. Reinhart Partners LLC. now owns 551,146 shares of the health services provider's stock valued at $41,143,000 after buying an additional 167,019 shares during the period. Sio Capital Management LLC acquired a new stake in Maximus in the third quarter valued at approximately $14,453,000. Ruffer LLP bought a new stake in shares of Maximus during the fourth quarter valued at approximately $10,266,000. Barclays PLC raised its position in shares of Maximus by 285.1% during the third quarter. Barclays PLC now owns 170,971 shares of the health services provider's stock worth $15,927,000 after purchasing an additional 126,573 shares during the period. Finally, Empowered Funds LLC bought a new position in shares of Maximus in the 4th quarter worth $8,139,000. Institutional investors own 97.21% of the company's stock.

Insider Buying and Selling

In other news, insider Ilene R. Baylinson sold 14,500 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $68.14, for a total transaction of $988,030.00. Following the completion of the transaction, the insider now owns 2,512 shares in the company, valued at approximately $171,167.68. This represents a 85.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jan Madsen sold 2,439 shares of the business's stock in a transaction dated 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 sale, the director now owns 18,097 shares in the company, valued at $1,225,347.87. This represents a 11.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.

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Analyst Upgrades and Downgrades

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

Maximus Stock Up 1.5 %

MMS stock traded up $1.03 during trading on Thursday, reaching $68.06. The stock had a trading volume of 357,414 shares, compared to its average volume of 491,808. 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 company has a market capitalization of $3.85 billion, a price-to-earnings ratio of 14.64 and a beta of 0.71. Maximus, Inc. has a one year low of $63.77 and a one year high of $93.97. The company's 50 day moving average is $70.42 and its two-hundred day moving average is $78.09.

Maximus (NYSE:MMS - Get Free Report) last released its earnings results on Thursday, February 6th. The health services provider reported $1.61 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts forecast that Maximus, Inc. will post 6.15 EPS for the current year.

Maximus Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Saturday, February 15th were given a dividend of $0.30 per share. The ex-dividend date was Friday, February 14th. This represents a $1.20 annualized dividend and a yield of 1.76%. Maximus's payout ratio is currently 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.