State of New Jersey Common Pension Fund D Sells 9,642 Shares of Maximus, Inc. (NYSE:MMS)

State of New Jersey Common Pension Fund D cut its holdings in shares of Maximus, Inc. (NYSE:MMS) by 29.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,563 shares of the health services provider’s stock after selling 9,642 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Maximus were worth $2,019,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Texas Permanent School Fund Corp raised its holdings in Maximus by 19.7% during the second quarter. Texas Permanent School Fund Corp now owns 63,946 shares of the health services provider’s stock worth $5,480,000 after acquiring an additional 10,532 shares in the last quarter. Van Berkom & Associates Inc. increased its position in shares of Maximus by 0.8% during the 2nd quarter. Van Berkom & Associates Inc. now owns 1,146,524 shares of the health services provider’s stock worth $98,257,000 after purchasing an additional 8,811 shares during the last quarter. Quest Partners LLC raised its stake in shares of Maximus by 9.4% during the 2nd quarter. Quest Partners LLC now owns 19,202 shares of the health services provider’s stock worth $1,646,000 after purchasing an additional 1,653 shares in the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of Maximus by 148.0% in the 2nd quarter. Los Angeles Capital Management LLC now owns 16,068 shares of the health services provider’s stock valued at $1,377,000 after buying an additional 9,590 shares during the last quarter. Finally, Foundry Partners LLC bought a new position in shares of Maximus in the second quarter valued at $4,315,000. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Maximus Price Performance

Shares of MMS opened at $89.98 on Friday. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.61. The company’s fifty day simple moving average is $89.75 and its 200 day simple moving average is $86.10. Maximus, Inc. has a 1-year low of $72.39 and a 1-year high of $93.97. The company has a market cap of $5.47 billion, a price-to-earnings ratio of 23.62 and a beta of 0.76.

Maximus (NYSE:MMS) last released its quarterly earnings data on Wednesday, August 7th. The health services provider reported $1.74 earnings per share 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 company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the business earned $0.78 EPS. Maximus’s revenue for the quarter was up 10.6% compared to the same quarter last year. On average, research analysts forecast that Maximus, Inc. will post 6.12 earnings per share for the current fiscal year.

Maximus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, August 31st. Stockholders of record on Thursday, August 15th were given a $0.30 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.33%. Maximus’s payout ratio is 31.50%.

About Maximus

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.