Public Employees Retirement Association of Colorado Cuts Stock Position in Maximus, Inc. (NYSE:MMS)

Public Employees Retirement Association of Colorado lessened its holdings in Maximus, Inc. (NYSE:MMS) by 0.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 332,287 shares of the health services provider’s stock after selling 543 shares during the period. Public Employees Retirement Association of Colorado owned about 0.55% of Maximus worth $28,477,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Intech Investment Management LLC purchased a new stake in Maximus during the 2nd quarter worth $1,565,000. XTX Topco Ltd purchased a new stake in Maximus during the 2nd quarter worth $305,000. Seven Eight Capital LP purchased a new stake in Maximus during the 2nd quarter worth $938,000. Renaissance Technologies LLC increased its stake in Maximus by 128.9% during the 2nd quarter. Renaissance Technologies LLC now owns 150,400 shares of the health services provider’s stock worth $12,889,000 after buying an additional 84,700 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Maximus by 7.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,153,977 shares of the health services provider’s stock worth $98,904,000 after buying an additional 79,092 shares during the period. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Maximus Stock Performance

Maximus stock opened at $90.54 on Friday. Maximus, Inc. has a 12-month low of $72.39 and a 12-month high of $93.97. The company has a market capitalization of $5.50 billion, a price-to-earnings ratio of 23.24 and a beta of 0.76. 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’s fifty day moving average price is $89.69 and its 200 day moving average price is $86.07.

Maximus (NYSE:MMS) last released its quarterly earnings results on Wednesday, August 7th. The health services provider reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.27. Maximus had a net margin of 5.59% and a return on equity of 20.91%. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the firm posted $0.78 EPS. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. On average, research analysts forecast that Maximus, Inc. will post 6.12 EPS for the current fiscal year.

Maximus Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, August 31st. Stockholders of record on Thursday, August 15th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Thursday, August 15th. Maximus’s payout ratio is currently 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.