American International Group Inc. Has $9.25 Million Position in Maximus, Inc. (NYSE:MMS)

American International Group Inc. cut its position in shares of Maximus, Inc. (NYSE:MMS) by 1.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 110,285 shares of the health services provider’s stock after selling 1,579 shares during the period. American International Group Inc. owned 0.18% of Maximus worth $9,253,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank bought a new position in Maximus in the 4th quarter valued at about $55,821,000. Public Employees Retirement Association of Colorado grew its stake in shares of Maximus by 1,984.0% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 335,094 shares of the health services provider’s stock worth $28,101,000 after buying an additional 319,015 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Maximus by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 6,208,839 shares of the health services provider’s stock valued at $520,922,000 after acquiring an additional 145,983 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Maximus during the 1st quarter valued at $7,774,000. Finally, Knights of Columbus Asset Advisors LLC increased its holdings in 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 worth $9,920,000 after purchasing an additional 91,788 shares in the last quarter. 97.21% of the stock is owned by institutional investors.

Maximus Trading Up 1.7 %

Maximus stock traded up $1.58 during trading hours on Thursday, hitting $91.91. The stock had a trading volume of 163,931 shares, compared to its average volume of 333,250. The business’s 50 day simple moving average is $86.96 and its 200-day simple moving average is $83.89. Maximus, Inc. has a one year low of $72.39 and a one year high of $92.68. The stock has a market cap of $5.59 billion, a price-to-earnings ratio of 23.71 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.

Maximus (NYSE:MMS) last issued its quarterly earnings data on Wednesday, May 8th. The health services provider reported $1.57 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $1.29 billion. During the same quarter last year, the business earned $0.80 EPS. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. On average, equities analysts predict that Maximus, Inc. will post 5.79 EPS for the current fiscal year.

Maximus Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, August 31st. Investors of record on Thursday, August 15th will be paid 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 1.31%. 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.