2,933 Shares in Maximus, Inc. (NYSE:MMS) Acquired by McLean Asset Management Corp

McLean Asset Management Corp acquired a new position in Maximus, Inc. (NYSE:MMS) during the first quarter, HoldingsChannel.com reports. The fund acquired 2,933 shares of the health services provider’s stock, valued at approximately $239,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Verdence Capital Advisors LLC boosted its holdings in shares of Maximus by 3.2% in the fourth quarter. Verdence Capital Advisors LLC now owns 4,563 shares of the health services provider’s stock worth $383,000 after buying an additional 140 shares during the last quarter. VisionPoint Advisory Group LLC lifted its holdings in Maximus by 61.4% during the third quarter. VisionPoint Advisory Group LLC now owns 381 shares of the health services provider’s stock valued at $28,000 after purchasing an additional 145 shares in the last quarter. Retirement Systems of Alabama lifted its holdings in Maximus by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 76,128 shares of the health services provider’s stock valued at $6,384,000 after purchasing an additional 232 shares in the last quarter. Virtu Financial LLC lifted its holdings in Maximus by 8.3% during the fourth quarter. Virtu Financial LLC now owns 3,102 shares of the health services provider’s stock valued at $260,000 after purchasing an additional 237 shares in the last quarter. Finally, Rise Advisors LLC lifted its holdings in Maximus by 1,445.0% during the first quarter. Rise Advisors LLC now owns 309 shares of the health services provider’s stock valued at $26,000 after purchasing an additional 289 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Maximus Price Performance

NYSE:MMS traded up $1.08 during trading hours on Friday, hitting $88.37. 540,907 shares of the stock traded hands, compared to its average volume of 333,103. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.63. Maximus, Inc. has a 1 year low of $72.39 and a 1 year high of $90.65. The company has a market cap of $5.37 billion, a price-to-earnings ratio of 23.05 and a beta of 0.74. The stock has a 50 day moving average price of $84.26 and a 200 day moving average price of $83.18.

Maximus (NYSE:MMS) last issued its quarterly earnings results on Wednesday, May 8th. The health services provider reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.26. Maximus had a net margin of 4.58% and a return on equity of 18.02%. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the firm earned $0.80 earnings per share. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. Sell-side analysts forecast that Maximus, Inc. will post 5.79 EPS for the current fiscal year.

Maximus Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend was Tuesday, May 14th. 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.