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

Teacher Retirement System of Texas boosted its holdings in shares of Maximus, Inc. (NYSE:MMS) by 66.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 approximately 0.12% of Maximus worth $5,161,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. UMB Bank n.a. grew its holdings in Maximus by 79.8% in the 4th quarter. UMB Bank n.a. now owns 356 shares of the health services provider’s stock valued at $27,000 after buying an additional 158 shares in the last quarter. V Square Quantitative Management LLC boosted its position in shares of Maximus by 65.9% in the fourth quarter. V Square Quantitative Management LLC now owns 453 shares of the health services provider’s stock valued at $34,000 after acquiring an additional 180 shares during the period. Petrus Trust Company LTA grew its stake in shares of Maximus by 2.7% in the third quarter. Petrus Trust Company LTA now owns 7,084 shares of the health services provider’s stock valued at $660,000 after acquiring an additional 185 shares in the last quarter. Holocene Advisors LP increased its position in Maximus by 6.5% during the third quarter. Holocene Advisors LP now owns 3,927 shares of the health services provider’s stock worth $366,000 after acquiring an additional 239 shares during the period. Finally, Inspire Advisors LLC raised its stake in Maximus by 3.1% in the 4th quarter. Inspire Advisors LLC now owns 8,650 shares of the health services provider’s stock worth $646,000 after purchasing an additional 258 shares in the last quarter. 97.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MMS. StockNews.com cut shares of Maximus from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Raymond James upgraded Maximus from a “market perform” rating to an “outperform” rating and set a $90.00 price objective on the stock in a research note on Thursday, January 2nd.

Insider Buying and Selling

In related news, Director Jan Madsen sold 2,439 shares of Maximus stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $67.71, for a total transaction of $165,144.69. Following the sale, the director now directly owns 18,097 shares of the company’s stock, valued at approximately $1,225,347.87. The trade was a 11.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ilene R. Baylinson sold 14,500 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were 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 directly owns 2,512 shares of the company’s stock, valued at approximately $171,167.68. The trade was a 85.23 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

Maximus Trading Down 0.1 %

Shares of Maximus stock opened at $67.12 on Monday. 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 12-month low of $63.77 and a 12-month high of $93.97. The company has a market capitalization of $3.80 billion, a price-to-earnings ratio of 14.43 and a beta of 0.71. The firm’s 50-day moving average price is $71.07 and its two-hundred day moving average price is $78.47.

Maximus (NYSE:MMS) last posted its quarterly earnings results on Thursday, February 6th. The health services provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.22. Maximus had a net margin of 5.28% and a return on equity of 21.95%. On average, analysts forecast that Maximus, Inc. will post 6.15 earnings per share for the current fiscal year.

Maximus Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Saturday, February 15th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.79%. Maximus’s dividend payout ratio (DPR) 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.