Maximus, Inc. (NYSE:MMS) Position Reduced by William Blair Investment Management LLC

William Blair Investment Management LLC decreased its position in shares of Maximus, Inc. (NYSE:MMS) by 0.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 441,739 shares of the health services provider’s stock after selling 624 shares during the period. William Blair Investment Management LLC’s holdings in Maximus were worth $37,062,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC raised its holdings in 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 purchasing an additional 289 shares in the last quarter. Anchor Investment Management LLC bought a new position in shares of Maximus in the fourth quarter valued at $32,000. Kapitalo Investimentos Ltda bought a new position in shares of Maximus in the fourth quarter valued at $52,000. Planned Solutions Inc. bought a new position in shares of Maximus in the fourth quarter valued at $59,000. Finally, Fifth Third Bancorp increased its holdings in shares of Maximus by 57.9% in the fourth quarter. Fifth Third Bancorp now owns 998 shares of the health services provider’s stock valued at $84,000 after buying an additional 366 shares in the last quarter. Institutional investors own 97.21% of the company’s stock.

Maximus Price Performance

Shares of NYSE MMS traded down $0.56 during trading on Wednesday, hitting $91.31. The company had a trading volume of 372,906 shares, compared to its average volume of 337,613. The company has a market cap of $5.55 billion, a P/E ratio of 23.97 and a beta of 0.75. Maximus, Inc. has a 52 week low of $72.39 and a 52 week high of $92.68. The business’s 50-day moving average is $86.42 and its 200 day moving average is $83.52. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.53 and a current ratio of 1.53.

Maximus (NYSE:MMS) last posted its quarterly earnings results on Wednesday, May 8th. The health services provider reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.26. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Maximus had a return on equity of 18.02% and a net margin of 4.58%. The firm’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 earnings per share. Equities research analysts predict that Maximus, Inc. will post 5.79 earnings per share for the current fiscal year.

Maximus Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, August 31st. Stockholders of record on Thursday, August 15th will be issued a $0.30 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.31%. Maximus’s payout ratio is currently 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.