Allspring Global Investments Holdings LLC Buys 8,667 Shares of Maximus, Inc. (NYSE:MMS)

Allspring Global Investments Holdings LLC increased its stake in Maximus, Inc. (NYSE:MMS) by 1.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 705,400 shares of the health services provider’s stock after purchasing an additional 8,667 shares during the period. Allspring Global Investments Holdings LLC owned 1.16% of Maximus worth $65,715,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of MMS. Vanguard Group Inc. raised its position in Maximus by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 6,062,856 shares of the health services provider’s stock worth $508,431,000 after purchasing an additional 69,873 shares during the last quarter. Chatham Capital Group Inc. grew its holdings in Maximus by 12.9% during the 1st quarter. Chatham Capital Group Inc. now owns 35,519 shares of the health services provider’s stock worth $2,980,000 after acquiring an additional 4,050 shares during the period. State of Michigan Retirement System grew its holdings in Maximus by 2.7% during the 1st quarter. State of Michigan Retirement System now owns 15,018 shares of the health services provider’s stock worth $1,260,000 after acquiring an additional 400 shares during the period. New Century Financial Group LLC acquired a new stake in Maximus during the 1st quarter worth $1,069,000. Finally, JLB & Associates Inc. grew its holdings in Maximus by 29.3% during the 1st quarter. JLB & Associates Inc. now owns 7,978 shares of the health services provider’s stock worth $669,000 after acquiring an additional 1,808 shares during the period. Institutional investors own 97.21% of the company’s stock.

Insider Activity

In other news, insider Michelle F. Link sold 1,363 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $92.56, for a total value of $126,159.28. Following the completion of the transaction, the insider now owns 6,567 shares of the company’s stock, valued at $607,841.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is owned by company insiders.

Maximus Price Performance

MMS opened at $88.07 on Tuesday. The company has a fifty day moving average price of $90.09 and a two-hundred day moving average price of $87.31. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.59 and a current ratio of 1.59. Maximus, Inc. has a 52 week low of $72.81 and a 52 week high of $93.97. The firm has a market capitalization of $5.35 billion, a PE ratio of 23.12 and a beta of 0.76.

Maximus (NYSE:MMS) last released its earnings results on Wednesday, August 7th. The health services provider reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.27. Maximus had a net margin of 5.59% and a return on equity of 20.91%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the business earned $0.78 EPS. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. As a group, analysts anticipate that Maximus, Inc. will post 6.12 earnings per share for the current year.

Maximus Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, November 30th. Stockholders of record on Friday, November 15th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Friday, November 15th. Maximus’s dividend payout ratio (DPR) is 31.50%.

Maximus 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.