New Century Financial Group LLC Acquires New Position in Maximus, Inc. (NYSE:MMS)

New Century Financial Group LLC acquired a new position in shares of Maximus, Inc. (NYSE:MMS) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 12,739 shares of the health services provider’s stock, valued at approximately $1,069,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Maximus by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 6,062,856 shares of the health services provider’s stock worth $508,431,000 after acquiring an additional 69,873 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Maximus by 8.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,062,173 shares of the health services provider’s stock valued at $89,075,000 after buying an additional 79,729 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of 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 buying an additional 8,702 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Maximus by 0.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 705,302 shares of the health services provider’s stock worth $59,175,000 after buying an additional 3,680 shares in the last quarter. Finally, Norges Bank acquired a new stake in Maximus in the 4th quarter valued at about $55,821,000. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Maximus Price Performance

NYSE:MMS traded down $0.25 during mid-day trading on Thursday, hitting $85.25. 84,976 shares of the company’s stock traded hands, compared to its average volume of 302,779. Maximus, Inc. has a 1 year low of $72.39 and a 1 year high of $90.65. The company has a market cap of $5.18 billion, a PE ratio of 22.38 and a beta of 0.75. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.53 and a current ratio of 1.53. The firm’s 50 day simple moving average is $85.38 and its 200 day simple moving average is $83.28.

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

Maximus Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Wednesday, May 15th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date was Tuesday, May 14th. Maximus’s payout ratio is currently 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.