Inspire Advisors LLC Purchases 121 Shares of Maximus, Inc. (NYSE:MMS)

Inspire Advisors LLC boosted its position in shares of Maximus, Inc. (NYSE:MMS) by 1.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 8,768 shares of the health services provider’s stock after buying an additional 121 shares during the period. Inspire Advisors LLC’s holdings in Maximus were worth $751,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rise Advisors LLC increased its holdings in shares of Maximus by 1,445.0% during the first quarter. Rise Advisors LLC now owns 309 shares of the health services provider’s stock worth $26,000 after buying an additional 289 shares in the last quarter. GAMMA Investing LLC increased its holdings in Maximus by 224.5% during the 2nd quarter. GAMMA Investing LLC now owns 344 shares of the health services provider’s stock valued at $29,000 after purchasing an additional 238 shares in the last quarter. Blue Trust Inc. raised its position in Maximus by 201.5% in the 2nd quarter. Blue Trust Inc. now owns 392 shares of the health services provider’s stock valued at $33,000 after purchasing an additional 262 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new position in Maximus in the fourth quarter worth $52,000. Finally, Archer Investment Corp grew its holdings in shares of Maximus by 8,788.9% during the second quarter. Archer Investment Corp now owns 800 shares of the health services provider’s stock worth $69,000 after purchasing an additional 791 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Maximus Stock Performance

Shares of NYSE:MMS opened at $88.69 on Friday. The business has a fifty day moving average of $89.47 and a 200-day moving average of $85.95. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.59 and a current ratio of 1.59. Maximus, Inc. has a twelve month low of $72.39 and a twelve month high of $93.97. The firm has a market cap of $5.34 billion, a PE ratio of 23.28 and a beta of 0.76.

Maximus (NYSE:MMS) last posted its quarterly earnings data on Wednesday, August 7th. The health services provider reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.27. Maximus had a net margin of 5.59% and a return on equity of 20.91%. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the company posted $0.78 EPS. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, equities research analysts predict that Maximus, Inc. will post 6.12 EPS for the current fiscal year.

Maximus Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, August 31st. Shareholders of record on Thursday, August 15th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Thursday, August 15th. Maximus’s dividend payout ratio is 31.50%.

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.