Recent financial disclosures reveal a notable shift in the investment landscape surrounding Maximus, Inc. (NYSE:MMS), as AE Wealth Management LLC strategically adjusted its considerable holdings in the health and government services provider.
According to its most recent 13F filing with the Securities and Exchange Commission, AE Wealth Management LLC decreased its stake in Maximus stock by 12.2% during the first quarter. This divestment involved selling 566 shares, leaving the firm with 4,086 shares valued at $279,000 by the quarter’s end.
Beyond AE Wealth Management’s movements, a broader trend of significant adjustments by other prominent institutional investors and hedge funds has been observed. These modifications underscore the dynamic nature of institutional investment in Maximus, Inc.
Notably, Mackenzie Financial Corp demonstrated strong confidence, growing its holdings by 2.0% in the fourth quarter to own 2,782,150 shares, now valued at an impressive $207,687,000. Similarly, Dimensional Fund Advisors LP substantially increased its stake by 14.4% in the same period, bringing its total to 1,406,592 shares, worth $105,001,000.
Further institutional activity included Fuller & Thaler Asset Management Inc. boosting its Maximus share count by 7.4%, holding 1,234,933 shares valued at $92,188,000. Janus Henderson Group PLC also expanded its position by 2.0%, reaching 1,186,150 shares worth $88,546,000, while Norges Bank acquired a new substantial stake valued at approximately $71,443,000. Collectively, institutional investors now own 97.21% of the company’s stock.
In addition to institutional shifts, recent insider trading also caught attention. A director of Maximus sold 7,913 shares on May 30th at an average price of $72.38, totaling over $572,000. This transaction significantly reduced the director’s ownership by 35.78%, with insiders collectively holding 1.60% of the company’s stock.
Maximus, Inc.’s recent quarterly earnings results, posted on May 8th, further illuminated the company’s financial health. The health services provider reported an impressive $2.01 EPS for the quarter, significantly surpassing analysts’ consensus estimates of $1.37 by $0.64. The business also achieved revenue of $1.36 billion, exceeding expectations, and posted a robust return on equity of 23.37%.
Adding to its investor appeal, Maximus recently declared a quarterly dividend of $0.30 per share, payable on August 31st to stockholders of record on August 15th. This translates to an annualized dividend of $1.20, representing a 1.6% yield, with a payout ratio of 23.86%, reinforcing its commitment to shareholder returns.
Maximus, Inc. itself operates as a global provider of government services, segmented into U.S. Federal Services, U.S. Services, and Outside the U.S. Its U.S. Services segment specifically offers critical support in program eligibility, enrollment, customer contact centers, and health assessments, underscoring its vital role in public services.
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