Intech Investment Management LLC Purchases New Stake in Maximus, Inc. (NYSE:MMS)

Intech Investment Management LLC acquired a new position in Maximus, Inc. (NYSE:MMS) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,266 shares of the health services provider’s stock, valued at approximately $1,565,000.

Several other large investors have also recently bought and sold shares of MMS. Rise Advisors LLC increased its holdings in shares of Maximus by 1,445.0% in the 1st quarter. Rise Advisors LLC now owns 309 shares of the health services provider’s stock valued at $26,000 after purchasing an additional 289 shares in the last quarter. GAMMA Investing LLC grew its position in Maximus by 224.5% during the second quarter. GAMMA Investing LLC now owns 344 shares of the health services provider’s stock worth $29,000 after buying an additional 238 shares during the period. Blue Trust Inc. increased its holdings in Maximus by 201.5% in the second quarter. Blue Trust Inc. now owns 392 shares of the health services provider’s stock valued at $33,000 after buying an additional 262 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new stake in shares of Maximus during the 4th quarter valued at approximately $52,000. Finally, Archer Investment Corp boosted its stake in shares of Maximus by 8,788.9% during the 2nd quarter. Archer Investment Corp now owns 800 shares of the health services provider’s stock worth $69,000 after acquiring an additional 791 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Maximus Stock Performance

MMS opened at $90.57 on Tuesday. Maximus, Inc. has a 1-year low of $72.39 and a 1-year high of $93.97. The stock has a market cap of $5.51 billion, a P/E ratio of 23.77 and a beta of 0.76. The stock’s 50 day simple moving average is $89.82 and its 200 day simple moving average is $86.18. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.59 and a quick ratio of 1.59.

Maximus (NYSE:MMS) last announced its quarterly earnings results on Wednesday, August 7th. The health services provider reported $1.74 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.27. The business 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 for the quarter was up 10.6% on a year-over-year basis. During the same quarter last year, the business posted $0.78 earnings per share. As a group, equities analysts anticipate that Maximus, Inc. will post 6.12 EPS for the current fiscal year.

Maximus Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, August 31st. Shareholders of record on Thursday, August 15th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.32%. The ex-dividend date was Thursday, August 15th. Maximus’s dividend payout ratio (DPR) is presently 31.50%.

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.