State of Michigan Retirement System Has $1.25 Million Holdings in Maximus, Inc. (NYSE:MMS)

State of Michigan Retirement System trimmed its position in Maximus, Inc. (NYSE:MMS) by 2.7% in the second quarter, HoldingsChannel.com reports. The firm owned 14,618 shares of the health services provider’s stock after selling 400 shares during the period. State of Michigan Retirement System’s holdings in Maximus were worth $1,253,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rise Advisors LLC increased its holdings in 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 buying an additional 289 shares during the period. GAMMA Investing LLC boosted its position in shares of Maximus by 224.5% during the 2nd quarter. GAMMA Investing LLC now owns 344 shares of the health services provider’s stock valued at $29,000 after acquiring an additional 238 shares in the last quarter. Blue Trust Inc. grew its position 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 acquiring an additional 262 shares during the period. Kapitalo Investimentos Ltda bought a new stake in Maximus in the fourth quarter valued at $52,000. Finally, LRI Investments LLC bought a new position in shares of Maximus during the first quarter valued at $93,000. 97.21% of the stock is owned by institutional investors.

Maximus Stock Down 0.0 %

MMS opened at $92.40 on Friday. Maximus, Inc. has a twelve month low of $72.39 and a twelve month high of $93.97. The firm has a market cap of $5.62 billion, a price-to-earnings ratio of 24.25 and a beta of 0.75. The firm’s 50-day simple moving average is $89.00 and its 200-day simple moving average is $85.53. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.53 and a current ratio of 1.53.

Maximus (NYSE:MMS) last announced its earnings results on Wednesday, August 7th. The health services provider reported $1.74 EPS for the quarter, topping the consensus estimate of $1.47 by $0.27. Maximus had a return on equity of 18.02% and a net margin of 4.58%. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the prior year, the business earned $0.78 earnings per share. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. Equities research analysts anticipate that Maximus, Inc. will post 5.79 EPS for the current fiscal year.

Maximus Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, August 31st. Stockholders of record on Thursday, August 15th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.30%. Maximus’s payout ratio is 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.