Bailard Inc. bought a new stake in Maximus, Inc. (NYSE:MMS – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,500 shares of the health services provider’s stock, valued at approximately $214,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position 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 worth $60,086,000 after purchasing an additional 8,702 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Maximus by 151.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 233,134 shares of the health services provider’s stock worth $19,980,000 after purchasing an additional 140,481 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Maximus during the 1st quarter worth approximately $2,601,000. Tidal Investments LLC increased its position in Maximus by 238.9% during the 1st quarter. Tidal Investments LLC now owns 12,763 shares of the health services provider’s stock worth $1,071,000 after purchasing an additional 8,997 shares in the last quarter. Finally, Jump Financial LLC acquired a new position in Maximus during the 4th quarter worth approximately $1,048,000. 97.21% of the stock is currently owned by institutional investors and hedge funds.
Maximus Price Performance
MMS stock opened at $92.31 on Wednesday. The company has a 50 day simple moving average of $88.79 and a 200 day simple moving average of $85.43. The stock has a market cap of $5.61 billion, a price-to-earnings ratio of 24.23 and a beta of 0.75. Maximus, Inc. has a 1 year low of $72.39 and a 1 year high of $93.97. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.53 and a quick ratio of 1.53.
Maximus Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Saturday, August 31st. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date is Thursday, August 15th. Maximus’s payout ratio is 31.50%.
Maximus Company 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.
Featured Stories
- Five stocks we like better than Maximus
- Retail Stocks Investing, Explained
- Study: How Much Are Retirees Earning from Side Hustles in 2024?
- 3 Tickers Leading a Meme Stock Revival
- Brinker International Offers a Pullback Opportunity on EPS Miss
- What is the S&P/TSX Index?
- Globant Is an Emerging AI Play That’s Expanding Its Footprint
Want to see what other hedge funds are holding MMS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Maximus, Inc. (NYSE:MMS – Free Report).
Receive News & Ratings for Maximus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Maximus and related companies with MarketBeat.com's FREE daily email newsletter.