Paloma Partners Management Co Makes New $320,000 Investment in Maximus, Inc. (NYSE:MMS)

Paloma Partners Management Co bought a new stake in Maximus, Inc. (NYSE:MMS) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,812 shares of the health services provider’s stock, valued at approximately $320,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its stake in Maximus by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 716,501 shares of the health services provider’s stock valued at $60,086,000 after buying an additional 8,702 shares in the last quarter. Knights of Columbus Asset Advisors LLC boosted its stake in shares of Maximus by 346.3% in the 4th 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 purchasing an additional 91,788 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Maximus by 501.4% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 42,100 shares of the health services provider’s stock valued at $3,511,000 after purchasing an additional 35,100 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Maximus in the first quarter valued at approximately $2,601,000. Finally, DAVENPORT & Co LLC acquired a new stake in Maximus in the fourth quarter valued at approximately $1,157,000. Institutional investors own 97.21% of the company’s stock.

Maximus Price Performance

Shares of NYSE:MMS traded up $0.13 during trading on Tuesday, hitting $93.24. 41,813 shares of the company were exchanged, compared to its average volume of 332,439. Maximus, Inc. has a 1-year low of $72.39 and a 1-year high of $93.86. The company has a market capitalization of $5.67 billion, a P/E ratio of 24.45 and a beta of 0.75. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.63. The business’s 50 day moving average is $87.30 and its 200-day moving average is $84.23.

Maximus (NYSE:MMS) last announced its quarterly earnings results on Wednesday, May 8th. The health services provider reported $1.57 EPS for the quarter, beating 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 firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the firm posted $0.80 earnings per share. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. Equities analysts forecast that Maximus, Inc. will post 5.79 earnings per share for the current year.

Maximus Dividend Announcement

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