Paloma Partners Management Co bought a new stake in Maximus, Inc. (NYSE:MMS – Free Report) 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 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.
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