Hsbc Holdings PLC cut its position in shares of MAXIMUS, Inc. (NYSE:MMS) by 10.9% during the 4th quarter, Holdings Channel reports. The firm owned 9,342 shares of the health services provider’s stock after selling 1,140 shares during the quarter. Hsbc Holdings PLC’s holdings in MAXIMUS were worth $608,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in MMS. Oregon Public Employees Retirement Fund boosted its holdings in MAXIMUS by 6,329.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,656,085 shares of the health services provider’s stock worth $25,000 after purchasing an additional 1,630,329 shares during the last quarter. Quantamental Technologies LLC purchased a new position in MAXIMUS during the fourth quarter worth about $38,000. Tributary Capital Management LLC purchased a new position in MAXIMUS during the fourth quarter worth about $52,000. Advisor Group Inc. boosted its holdings in MAXIMUS by 47.3% during the fourth quarter. Advisor Group Inc. now owns 869 shares of the health services provider’s stock worth $56,000 after purchasing an additional 279 shares during the last quarter. Finally, Huntington National Bank boosted its holdings in MAXIMUS by 262.5% during the fourth quarter. Huntington National Bank now owns 928 shares of the health services provider’s stock worth $60,000 after purchasing an additional 672 shares during the last quarter. Institutional investors and hedge funds own 95.61% of the company’s stock.

Several research analysts recently weighed in on the stock. ValuEngine cut shares of MAXIMUS from a “buy” rating to a “hold” rating in a report on Thursday, February 28th. Zacks Investment Research cut shares of MAXIMUS from a “buy” rating to a “hold” rating in a report on Tuesday, January 29th.

MAXIMUS stock opened at $70.74 on Wednesday. MAXIMUS, Inc. has a fifty-two week low of $60.00 and a fifty-two week high of $73.81. The stock has a market cap of $4.45 billion, a P/E ratio of 20.81, a PEG ratio of 1.91 and a beta of 0.97. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.32 and a current ratio of 2.32.

MAXIMUS (NYSE:MMS) last released its quarterly earnings results on Thursday, February 7th. The health services provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.06. MAXIMUS had a net margin of 8.94% and a return on equity of 20.09%. The business had revenue of $664.60 million for the quarter, compared to analysts’ expectations of $672.08 million. During the same period in the previous year, the company earned $0.89 earnings per share. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. As a group, research analysts anticipate that MAXIMUS, Inc. will post 3.66 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 28th. Shareholders of record on Friday, February 15th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend was Thursday, February 14th. MAXIMUS’s dividend payout ratio is 29.41%.

In other MAXIMUS news, Director Paul R. Lederer sold 6,715 shares of MAXIMUS stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $70.04, for a total value of $470,318.60. Following the sale, the director now owns 59,029 shares of the company’s stock, valued at $4,134,391.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Russell A. Beliveau sold 1,000 shares of MAXIMUS stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $64.14, for a total transaction of $64,140.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,715 shares of company stock worth $3,866,689. Insiders own 2.20% of the company’s stock.

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MAXIMUS Profile

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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Institutional Ownership by Quarter for MAXIMUS (NYSE:MMS)

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