Maximus (NYSE:MMS) Sets New 12-Month High at $92.86

Maximus, Inc. (NYSE:MMS)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $92.86 and last traded at $92.45, with a volume of 7450 shares. The stock had previously closed at $91.65.

Maximus Trading Up 1.1 %

The firm has a market cap of $5.64 billion, a P/E ratio of 24.06 and a beta of 0.75. The stock has a fifty day simple moving average of $87.05 and a 200 day simple moving average of $83.95. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.53 and a current ratio of 1.53.

Maximus (NYSE:MMS) last posted its earnings results on Wednesday, May 8th. The health services provider reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.26. Maximus had a return on equity of 18.02% and a net margin of 4.58%. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the company earned $0.80 EPS. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, research analysts expect that Maximus, Inc. will post 5.79 earnings per share for the current fiscal year.

Maximus Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, August 31st. Stockholders of record on Thursday, August 15th will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.20 annualized dividend and a dividend yield of 1.29%. Maximus’s payout ratio is 31.50%.

Institutional Investors Weigh In On Maximus

A number of hedge funds have recently made changes to their positions in MMS. Bailard Inc. bought a new stake in Maximus during the second quarter worth approximately $214,000. Running Oak Capital LLC bought a new position in shares of Maximus during the second quarter valued at approximately $2,999,000. Summit Global Investments bought a new position in shares of Maximus during the second quarter valued at approximately $710,000. West Coast Financial LLC grew its stake in shares of Maximus by 1.0% during the second quarter. West Coast Financial LLC now owns 89,151 shares of the health services provider’s stock valued at $7,640,000 after buying an additional 886 shares during the last quarter. Finally, Washington Capital Management Inc. bought a new position in Maximus in the second quarter worth approximately $386,000. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

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.