Picton Mahoney Asset Management Sells 2,350 Shares of Maximus, Inc. (NYSE:MMS)

Picton Mahoney Asset Management reduced its holdings in shares of Maximus, Inc. (NYSE:MMS) by 67.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,120 shares of the health services provider’s stock after selling 2,350 shares during the period. Picton Mahoney Asset Management’s holdings in Maximus were worth $94,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Knights of Columbus Asset Advisors LLC lifted its position in shares of Maximus by 346.3% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 118,290 shares of the health services provider’s stock worth $9,920,000 after buying an additional 91,788 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of Maximus by 501.4% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 42,100 shares of the health services provider’s stock worth $3,511,000 after buying an additional 35,100 shares during the last quarter. DAVENPORT & Co LLC bought a new position in Maximus in the fourth quarter valued at about $1,157,000. Legato Capital Management LLC raised its position in Maximus by 134.1% in the fourth quarter. Legato Capital Management LLC now owns 23,521 shares of the health services provider’s stock valued at $1,972,000 after purchasing an additional 13,474 shares during the last quarter. Finally, Graham Capital Management L.P. bought a new position in Maximus in the third quarter valued at about $2,709,000. 97.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO David Mutryn sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $83.95, for a total transaction of $671,600.00. Following the completion of the sale, the chief financial officer now owns 5,124 shares of the company’s stock, valued at $430,159.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Maximus from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th.

Maximus Trading Down 0.4 %

Shares of MMS stock opened at $83.76 on Friday. The stock has a market cap of $5.11 billion, a price-to-earnings ratio of 27.74 and a beta of 0.72. The stock has a 50-day moving average of $82.35 and a 200-day moving average of $81.64. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.71. Maximus, Inc. has a 1-year low of $72.39 and a 1-year high of $90.65.

Maximus (NYSE:MMS) last issued its quarterly earnings results on Wednesday, May 8th. The health services provider reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.26. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Maximus had a return on equity of 15.68% and a net margin of 3.73%. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.80 earnings per share. On average, equities research analysts forecast that Maximus, Inc. will post 5.42 earnings per share for the current year.

Maximus Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.20 annualized dividend and a yield of 1.43%. Maximus’s dividend payout ratio is currently 39.74%.

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.