Maximus, Inc. (NYSE:MMS) Stock Holdings Lowered by West Coast Financial LLC

West Coast Financial LLC lowered its position in shares of Maximus, Inc. (NYSE:MMS) by 1.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 89,320 shares of the health services provider’s stock after selling 1,175 shares during the period. West Coast Financial LLC owned 0.16% of Maximus worth $6,091,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Maximus by 3.2% during the fourth quarter. Vanguard Group Inc. now owns 6,548,284 shares of the health services provider’s stock worth $488,829,000 after acquiring an additional 205,564 shares during the last quarter. Mackenzie Financial Corp grew its position in shares of Maximus by 2.0% during the fourth quarter. Mackenzie Financial Corp now owns 2,782,150 shares of the health services provider’s stock worth $207,687,000 after acquiring an additional 55,583 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Maximus by 14.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,406,592 shares of the health services provider’s stock worth $105,001,000 after acquiring an additional 177,075 shares during the last quarter. Van Berkom & Associates Inc. grew its position in shares of Maximus by 8.5% during the fourth quarter. Van Berkom & Associates Inc. now owns 1,256,418 shares of the health services provider’s stock worth $93,792,000 after acquiring an additional 98,264 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its position in shares of Maximus by 7.4% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,234,933 shares of the health services provider’s stock worth $92,188,000 after acquiring an additional 84,835 shares during the last quarter. Institutional investors own 97.21% of the company’s stock.

Insider Activity

In other news, Director Jan Madsen sold 2,439 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $67.71, for a total transaction of $165,144.69. Following the completion of the transaction, the director now owns 18,097 shares in the company, valued at approximately $1,225,347.87. This trade represents a 11.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Gayathri Rajan sold 7,913 shares of the firm’s stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $72.38, for a total transaction of $572,742.94. Following the transaction, the director now owns 14,205 shares of the company’s stock, valued at approximately $1,028,157.90. This trade represents a 35.78% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Maximus from a “buy” rating to a “hold” rating in a research report on Thursday, May 15th.

Maximus Stock Performance

Shares of MMS opened at $70.12 on Friday. The firm has a 50-day moving average price of $70.19 and a 200 day moving average price of $71.38. The firm has a market capitalization of $3.95 billion, a PE ratio of 15.08 and a beta of 0.62. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.82. Maximus, Inc. has a 52-week low of $63.77 and a 52-week high of $93.97.

Maximus (NYSE:MMS) last announced its earnings results on Thursday, May 8th. The health services provider reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.64. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.29 billion. Maximus had a net margin of 5.28% and a return on equity of 21.95%. Maximus’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.57 EPS. On average, sell-side analysts anticipate that Maximus, Inc. will post 6.15 earnings per share for the current fiscal year.

Maximus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, May 31st. Stockholders of record on Thursday, May 15th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, May 15th. This represents a $1.20 annualized dividend and a dividend yield of 1.71%. Maximus’s dividend payout ratio (DPR) is 23.86%.

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.