Maximus, Inc. (NYSE:MMS) Short Interest Update

Maximus, Inc. (NYSE:MMS) was the recipient of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totalling 551,800 shares, a decrease of 37.4% from the June 30th total of 881,200 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily trading volume, of 327,500 shares, the short-interest ratio is presently 1.7 days.

Hedge Funds Weigh In On Maximus

Large investors have recently bought and sold shares of the company. Pacer Advisors Inc. boosted its stake in shares of Maximus by 80.1% in the fourth quarter. Pacer Advisors Inc. now owns 9,132 shares of the health services provider’s stock valued at $766,000 after buying an additional 4,062 shares in the last quarter. Planned Solutions Inc. purchased a new stake in shares of Maximus during the 4th quarter worth $59,000. Great Lakes Retirement Inc. acquired a new position in shares of Maximus during the 4th quarter worth $551,000. Fifth Third Bancorp increased its holdings in shares of Maximus by 57.9% in the 4th quarter. Fifth Third Bancorp now owns 998 shares of the health services provider’s stock valued at $84,000 after purchasing an additional 366 shares in the last quarter. Finally, Oak Thistle LLC acquired a new stake in shares of Maximus in the fourth quarter valued at about $207,000. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Maximus Stock Up 0.9 %

NYSE:MMS traded up $0.87 during trading hours on Friday, hitting $92.52. The company’s stock had a trading volume of 16,508 shares, compared to its average volume of 333,161. Maximus has a 52-week low of $72.39 and a 52-week high of $92.86. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $5.63 billion, a P/E ratio of 24.06 and a beta of 0.75. The stock has a fifty day moving average of $87.05 and a 200-day moving average of $83.95.

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

Maximus Dividend Announcement

The business 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. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date is Thursday, August 15th. 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.