Retirement Systems of Alabama Trims Stock Holdings in Maximus, Inc. (NYSE:MMS)

Retirement Systems of Alabama lowered its position in shares of Maximus, Inc. (NYSE:MMS) by 2.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 73,101 shares of the health services provider’s stock after selling 1,935 shares during the period. Retirement Systems of Alabama’s holdings in Maximus were worth $6,810,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new stake in shares of Maximus during the third quarter worth about $25,000. Blue Trust Inc. increased its holdings in Maximus by 201.5% in the 2nd quarter. Blue Trust Inc. now owns 392 shares of the health services provider’s stock valued at $33,000 after acquiring an additional 262 shares during the last quarter. Archer Investment Corp grew its position 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 purchasing an additional 791 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Maximus by 150.6% in the third quarter. GAMMA Investing LLC now owns 862 shares of the health services provider’s stock worth $80,000 after buying an additional 518 shares in the last quarter. Finally, Ariadne Wealth Management LP bought a new stake in Maximus in the 2nd quarter worth approximately $90,000. 97.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Maximus

In other Maximus news, insider Michelle F. Link sold 2,208 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $73.83, for a total value of $163,016.64. Following the completion of the sale, the insider now directly owns 6,567 shares in the company, valued at approximately $484,841.61. This represents a 25.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Raymond B. Ruddy acquired 3,490 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average price of $71.46 per share, with a total value of $249,395.40. Following the completion of the acquisition, the director now directly owns 112,520 shares of the company’s stock, valued at $8,040,679.20. This represents a 3.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.40% of the stock is owned by company insiders.

Maximus Stock Down 1.6 %

NYSE MMS opened at $70.20 on Wednesday. The company has a fifty day moving average of $82.19 and a two-hundred day moving average of $86.52. The firm has a market capitalization of $4.23 billion, a price-to-earnings ratio of 14.04 and a beta of 0.73. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.59. Maximus, Inc. has a 52 week low of $69.72 and a 52 week high of $93.97.

Maximus Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, November 30th. Stockholders of record on Friday, November 15th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.20 annualized dividend and a dividend yield of 1.71%. Maximus’s payout ratio is 24.00%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Maximus from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th.

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.