Maximus, Inc. (NYSE:MMS) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. reduced its stake in Maximus, Inc. (NYSE:MMS) by 3.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,675 shares of the health services provider’s stock after selling 315 shares during the period. PNC Financial Services Group Inc.’s holdings in Maximus were worth $721,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of Maximus by 278.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 378 shares of the health services provider’s stock valued at $33,000 after acquiring an additional 278 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Maximus in the second quarter valued at $46,000. Van ECK Associates Corp raised its stake in shares of Maximus by 125.1% in the second quarter. Van ECK Associates Corp now owns 833 shares of the health services provider’s stock valued at $73,000 after acquiring an additional 463 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of Maximus by 26.8% in the third quarter. Fifth Third Bancorp now owns 1,188 shares of the health services provider’s stock valued at $99,000 after acquiring an additional 251 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Maximus in the second quarter valued at $204,000. Institutional investors and hedge funds own 93.68% of the company’s stock.

Maximus stock opened at $77.15 on Friday. Maximus, Inc. has a 1-year low of $74.38 and a 1-year high of $96.05. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a market cap of $4.78 billion, a PE ratio of 16.56 and a beta of 0.78. The stock’s fifty day moving average is $79.40 and its two-hundred day moving average is $83.38.

Maximus (NYSE:MMS) last posted its quarterly earnings results on Thursday, November 18th. The health services provider reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.21. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Maximus had a return on equity of 22.53% and a net margin of 6.84%. Maximus’s quarterly revenue was up 19.7% on a year-over-year basis. During the same period last year, the firm earned $1.02 earnings per share. On average, research analysts expect that Maximus, Inc. will post 4.16 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 28th. Shareholders of record on Tuesday, February 15th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Monday, February 14th. Maximus’s payout ratio is 24.03%.

In other Maximus news, insider Ilene R. Baylinson sold 9,681 shares of the firm’s stock in a transaction dated Friday, November 19th. The stock was sold at an average price of $81.32, for a total transaction of $787,258.92. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel David Francis sold 6,188 shares of the firm’s stock in a transaction dated Friday, November 19th. The stock was sold at an average price of $81.53, for a total value of $504,507.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,767 shares of company stock worth $3,375,131. Corporate insiders own 1.90% of the company’s stock.

Separately, Zacks Investment Research cut Maximus from a “buy” rating to a “hold” rating and set a $85.00 price target on the stock. in a research note on Tuesday, November 23rd.

Maximus Company Profile

MAXIMUS, Inc engages in the operation of government and human services programs. It operates through the following segments: U.S. Services; U.S. Federal Services; and Outside the U.S. The U.S. Services segment offers a variety of business process services, and appeals and assessments for state, provincial and national government programs.

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Institutional Ownership by Quarter for Maximus (NYSE:MMS)

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