12,739 Shares in Maximus, Inc. (NYSE:MMS) Acquired by New Century Financial Group LLC

New Century Financial Group LLC purchased a new stake in Maximus, Inc. (NYSE:MMS) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 12,739 shares of the health services provider’s stock, valued at approximately $1,069,000.

Other hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its holdings in Maximus by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 716,501 shares of the health services provider’s stock valued at $60,086,000 after purchasing an additional 8,702 shares in the last quarter. Knights of Columbus Asset Advisors LLC increased its stake in shares of Maximus by 346.3% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 118,290 shares of the health services provider’s stock valued at $9,920,000 after buying an additional 91,788 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of Maximus by 501.4% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 42,100 shares of the health services provider’s stock valued at $3,511,000 after buying an additional 35,100 shares during the last quarter. DAVENPORT & Co LLC acquired a new position in Maximus during the 4th quarter worth about $1,157,000. Finally, Legato Capital Management LLC grew its holdings in Maximus by 134.1% during the 4th quarter. Legato Capital Management LLC now owns 23,521 shares of the health services provider’s stock worth $1,972,000 after acquiring an additional 13,474 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Maximus Price Performance

Shares of MMS stock traded down $0.25 during trading hours on Thursday, reaching $85.25. 84,976 shares of the company were exchanged, compared to its average volume of 302,779. Maximus, Inc. has a fifty-two week low of $72.39 and a fifty-two week high of $90.65. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.53 and a quick ratio of 1.53. The stock’s fifty day moving average is $85.38 and its two-hundred day moving average is $83.28. The company has a market cap of $5.18 billion, a price-to-earnings ratio of 22.38 and a beta of 0.75.

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

Maximus Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders 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 1.41%. The ex-dividend date of this dividend was Tuesday, May 14th. Maximus’s payout ratio is 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.