Oppenheimer Asset Management Inc. trimmed its holdings in shares of MAXIMUS, Inc. (NYSE:MMS) by 59.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,647 shares of the health services provider’s stock after selling 17,097 shares during the period. Oppenheimer Asset Management Inc.’s holdings in MAXIMUS were worth $758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also modified their holdings of the business. Quantamental Technologies LLC purchased a new stake in shares of MAXIMUS during the fourth quarter valued at about $38,000. Tributary Capital Management LLC purchased a new stake in shares of MAXIMUS during the fourth quarter valued at about $52,000. Huntington National Bank lifted its position in shares of MAXIMUS by 262.5% during the fourth quarter. Huntington National Bank now owns 928 shares of the health services provider’s stock valued at $60,000 after buying an additional 672 shares during the last quarter. We Are One Seven LLC purchased a new stake in shares of MAXIMUS during the fourth quarter valued at about $122,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of MAXIMUS during the third quarter valued at about $254,000. Institutional investors own 95.26% of the company’s stock.
Several analysts have commented on MMS shares. Zacks Investment Research lowered shares of MAXIMUS from a “buy” rating to a “hold” rating in a research report on Tuesday, January 29th. ValuEngine raised shares of MAXIMUS from a “hold” rating to a “buy” rating in a research report on Friday, November 30th.
MAXIMUS (NYSE:MMS) last announced its quarterly earnings data on Thursday, February 7th. The health services provider reported $0.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.06. The firm had revenue of $664.60 million during the quarter, compared to analyst estimates of $672.08 million. MAXIMUS had a net margin of 8.94% and a return on equity of 20.09%. MAXIMUS’s revenue was up 6.7% on a year-over-year basis. During the same period last year, the firm posted $0.89 EPS. Analysts expect that MAXIMUS, Inc. will post 3.66 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 28th. Investors of record on Friday, February 15th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Thursday, February 14th. MAXIMUS’s payout ratio is currently 29.41%.
In related news, Director Russell A. Beliveau sold 1,000 shares of the stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $64.14, for a total value of $64,140.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Richard A. Montoni sold 29,107 shares of the stock in a transaction that occurred on Tuesday, November 27th. The shares were sold at an average price of $68.29, for a total transaction of $1,987,717.03. Following the completion of the transaction, the insider now directly owns 464,474 shares of the company’s stock, valued at $31,718,929.46. The disclosure for this sale can be found here. Insiders sold a total of 67,902 shares of company stock valued at $4,761,681 over the last ninety days. 2.20% of the stock is currently owned by insiders.
MAXIMUS, Inc provides business process services (BPS) to government health and human services programs worldwide. The company's Health Services segment offers various BPS, appeals, and assessments for state, provincial, and national government programs, including Medicaid, Children's Health Insurance Program, Affordable Care Act, Health Insurance British Columbia, Health Assessment Advisory Service contract, and Preadmission Screening and Resident Reviews.
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