American Century Companies Inc. Boosts Stock Position in Maximus, Inc. (NYSE:MMS)

American Century Companies Inc. raised its stake in shares of Maximus, Inc. (NYSE:MMS) by 7.9% in the second quarter, Holdings Channel reports. The institutional investor owned 14,986 shares of the health services provider’s stock after buying an additional 1,093 shares during the quarter. American Century Companies Inc.’s holdings in Maximus were worth $1,284,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Texas Permanent School Fund Corp increased its position in shares of 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 valued at $5,480,000 after acquiring an additional 10,532 shares in the last quarter. Van Berkom & Associates Inc. increased its holdings in shares of Maximus by 0.8% in 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 in the last quarter. Quest Partners LLC raised its stake in shares of Maximus by 9.4% in the second 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 during the last quarter. Los Angeles Capital Management LLC lifted its holdings in shares of Maximus by 148.0% during the second quarter. Los Angeles Capital Management LLC now owns 16,068 shares of the health services provider’s stock valued at $1,377,000 after purchasing an additional 9,590 shares in the last quarter. Finally, Foundry Partners LLC bought a new position in shares of Maximus during the second quarter valued at $4,315,000. 97.21% of the stock is owned by institutional investors.

Maximus Price Performance

NYSE MMS opened at $93.16 on Tuesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.59 and a current ratio of 1.59. The company has a market capitalization of $5.66 billion, a price-to-earnings ratio of 24.45 and a beta of 0.76. The stock has a 50-day moving average of $89.96 and a 200 day moving average of $86.47. Maximus, Inc. has a one year low of $72.39 and a one year high of $93.97.

Maximus (NYSE:MMS) last issued its quarterly earnings data 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 company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. Maximus had a net margin of 5.59% and a return on equity of 20.91%. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.78 earnings per share. On average, sell-side analysts forecast that Maximus, Inc. will post 6.12 EPS for the current year.

Maximus Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, August 31st. Stockholders of record on Thursday, August 15th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend was Thursday, August 15th. Maximus’s payout ratio is currently 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.