New York State Teachers Retirement System Acquires 7,314 Shares of Maximus, Inc. (NYSE:MMS)

New York State Teachers Retirement System increased its holdings in shares of Maximus, Inc. (NYSE:MMS) by 9.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 88,557 shares of the health services provider’s stock after acquiring an additional 7,314 shares during the period. New York State Teachers Retirement System’s holdings in Maximus were worth $8,250,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. V Square Quantitative Management LLC purchased a new stake in shares of Maximus during the third quarter valued at $25,000. GAMMA Investing LLC grew its stake in Maximus by 224.5% in the 2nd quarter. GAMMA Investing LLC now owns 344 shares of the health services provider’s stock worth $29,000 after acquiring an additional 238 shares in the last quarter. Blue Trust Inc. increased its position in shares of Maximus by 201.5% during the second quarter. Blue Trust Inc. now owns 392 shares of the health services provider’s stock worth $33,000 after acquiring an additional 262 shares during the period. Archer Investment Corp raised its stake in shares of Maximus by 8,788.9% during the second quarter. Archer Investment Corp now owns 800 shares of the health services provider’s stock valued at $69,000 after acquiring an additional 791 shares in the last quarter. Finally, Ariadne Wealth Management LP purchased a new stake in shares of Maximus in the second quarter valued at approximately $90,000. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Insider Activity

In related news, insider Michelle F. Link sold 1,363 shares of the business’s stock in a transaction that occurred 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.40% of the company’s stock.

Maximus Trading Up 0.6 %

MMS opened at $86.96 on Monday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.61. The stock’s fifty day moving average is $89.68 and its two-hundred day moving average is $87.68. The company has a market capitalization of $5.23 billion, a P/E ratio of 18.23 and a beta of 0.77. Maximus, Inc. has a 52 week low of $74.79 and a 52 week high of $93.97.

Maximus (NYSE:MMS) last announced its quarterly earnings results on Wednesday, August 7th. The health services provider reported $1.74 EPS for the quarter, beating the consensus estimate of $1.47 by $0.27. Maximus had a return on equity of 20.91% and a net margin of 5.59%. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the firm posted $0.78 earnings per share. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. Analysts forecast that Maximus, Inc. will post 6.12 earnings per share for the current year.

Maximus Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, November 30th. Stockholders of record on Friday, November 15th will be given a $0.30 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.20 annualized dividend and a dividend yield of 1.38%. Maximus’s payout ratio is presently 25.16%.

About Maximus

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.