Maximus, Inc. (NYSE:MMS) Shares Purchased by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp increased its position in shares of Maximus, Inc. (NYSE:MMS) by 19.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,946 shares of the health services provider’s stock after acquiring an additional 10,532 shares during the quarter. Texas Permanent School Fund Corp owned approximately 0.11% of Maximus worth $5,480,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its position in Maximus by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 716,501 shares of the health services provider’s stock valued at $60,086,000 after buying an additional 8,702 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Maximus by 151.6% in the second quarter. Assenagon Asset Management S.A. now owns 233,134 shares of the health services provider’s stock valued at $19,980,000 after buying an additional 140,481 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Maximus in the first quarter valued at about $2,601,000. Tidal Investments LLC lifted its position in Maximus by 238.9% in the first quarter. Tidal Investments LLC now owns 12,763 shares of the health services provider’s stock valued at $1,071,000 after buying an additional 8,997 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in Maximus in the fourth quarter valued at about $1,048,000. Institutional investors and hedge funds own 97.21% of the company’s stock.

Maximus Stock Up 0.8 %

Shares of NYSE:MMS opened at $86.64 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.59 and a quick ratio of 1.59. The firm has a market capitalization of $5.27 billion, a PE ratio of 22.74 and a beta of 0.76. The firm’s 50-day moving average is $89.41 and its two-hundred day moving average is $85.93. Maximus, Inc. has a 1 year low of $72.39 and a 1 year high of $93.97.

Maximus (NYSE:MMS) last issued its quarterly earnings results on Wednesday, August 7th. The health services provider reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.27. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. Maximus had a net margin of 5.59% and a return on equity of 20.91%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 earnings per share. Analysts predict that Maximus, Inc. will post 6.12 EPS for the current 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 paid a dividend of $0.30 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.20 dividend on an annualized basis and a yield of 1.39%. Maximus’s dividend payout ratio (DPR) is presently 31.50%.

Maximus 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.