Spectrum Asset Management Inc. NB CA Reduces Stock Holdings in Maximus, Inc. (NYSE:MMS)

Spectrum Asset Management Inc. NB CA cut its holdings in shares of Maximus, Inc. (NYSE:MMS) by 5.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,214 shares of the health services provider’s stock after selling 430 shares during the period. Spectrum Asset Management Inc. NB CA’s holdings in Maximus were worth $765,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Inspire Advisors LLC raised its stake in Maximus by 1.4% in the 2nd quarter. Inspire Advisors LLC now owns 8,768 shares of the health services provider’s stock valued at $751,000 after purchasing an additional 121 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Maximus by 4.5% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,179 shares of the health services provider’s stock worth $272,000 after purchasing an additional 136 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in Maximus by 2.4% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 6,479 shares of the health services provider’s stock worth $544,000 after purchasing an additional 149 shares in the last quarter. WR Wealth Planners LLC boosted its holdings in Maximus by 4.6% in the 2nd quarter. WR Wealth Planners LLC now owns 4,525 shares of the health services provider’s stock worth $388,000 after acquiring an additional 198 shares during the period. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in Maximus by 0.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 52,681 shares of the health services provider’s stock worth $4,419,000 after acquiring an additional 236 shares during the period. 97.21% of the stock is owned by institutional investors and hedge funds.

Maximus Stock Down 0.1 %

NYSE MMS opened at $87.02 on Thursday. The stock has a market cap of $5.29 billion, a PE ratio of 22.84 and a beta of 0.76. Maximus, Inc. has a fifty-two week low of $72.81 and a fifty-two week high of $93.97. The business has a 50 day moving average price of $90.06 and a two-hundred day moving average price of $87.35. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.61.

Maximus (NYSE:MMS) last released its 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. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Maximus had a return on equity of 20.91% and a net margin of 5.59%. The business’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.78 EPS. As a group, sell-side analysts predict that Maximus, Inc. will post 6.12 EPS for the current fiscal year.

Maximus Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, November 30th. Investors of record on Friday, November 15th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.20 annualized dividend and a yield of 1.38%. Maximus’s dividend payout ratio is currently 31.50%.

Insider Activity at Maximus

In related news, insider Michelle F. Link sold 1,363 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $92.56, for a total transaction 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. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.40% of the company’s stock.

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.