Huntington National Bank Reduces Position in MAXIMUS, Inc. (MMS)

Huntington National Bank lessened its stake in MAXIMUS, Inc. (NYSE:MMS) by 35.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,441 shares of the health services provider’s stock after selling 805 shares during the period. Huntington National Bank’s holdings in MAXIMUS were worth $103,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC acquired a new position in shares of MAXIMUS in the fourth quarter worth $169,000. Intl Fcstone Inc. acquired a new position in shares of MAXIMUS in the second quarter worth $201,000. OLD National Bancorp IN acquired a new position in shares of MAXIMUS in the third quarter worth $246,000. Cubist Systematic Strategies LLC grew its stake in shares of MAXIMUS by 16.0% in the second quarter. Cubist Systematic Strategies LLC now owns 3,969 shares of the health services provider’s stock worth $249,000 after acquiring an additional 546 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of MAXIMUS by 51.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,581 shares of the health services provider’s stock worth $256,000 after acquiring an additional 1,214 shares in the last quarter. Hedge funds and other institutional investors own 96.44% of the company’s stock.

MAXIMUS, Inc. (MMS) opened at $63.79 on Friday. The company has a market cap of $4,160.58, a price-to-earnings ratio of 18.99, a price-to-earnings-growth ratio of 2.39 and a beta of 1.21. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.57 and a quick ratio of 2.08. MAXIMUS, Inc. has a 12 month low of $55.18 and a 12 month high of $72.71.

MAXIMUS (NYSE:MMS) last issued its earnings results on Thursday, November 9th. The health services provider reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.04. The firm had revenue of $620.90 million during the quarter, compared to the consensus estimate of $606.86 million. MAXIMUS had a net margin of 8.99% and a return on equity of 22.93%. sell-side analysts forecast that MAXIMUS, Inc. will post 3.48 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Thursday, February 15th will be paid a dividend of $0.045 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.28%. MAXIMUS’s payout ratio is currently 5.36%.

MMS has been the subject of several research reports. Canaccord Genuity restated a “buy” rating on shares of MAXIMUS in a research note on Wednesday, December 27th. Maxim Group restated a “hold” rating and issued a $69.00 price target (up previously from $66.00) on shares of MAXIMUS in a research note on Thursday. Finally, Zacks Investment Research upgraded shares of MAXIMUS from a “sell” rating to a “hold” rating in a research note on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. MAXIMUS presently has a consensus rating of “Hold” and a consensus target price of $67.00.

In related news, Director Russell A. Beliveau sold 1,000 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $71.73, for a total transaction of $71,730.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel David Francis sold 3,900 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $63.97, for a total transaction of $249,483.00. Following the transaction, the general counsel now owns 15,090 shares of the company’s stock, valued at approximately $965,307.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 71,417 shares of company stock valued at $4,902,785. Insiders own 3.10% of the company’s stock.

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MAXIMUS Profile

MAXIMUS, Inc provides business process services (BPS) to government health and human services agencies. The Company operates through three segments: U.S. Federal Services, Health Services and Human Services. The U.S. Federal Services segment provides BPS and program management for large government programs, independent health review and appeals services for both the United States Federal Government, and state-based programs and technology solutions for civilian federal programs.

Institutional Ownership by Quarter for MAXIMUS (NYSE:MMS)

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