Algert Global LLC Invests $12.42 Million in Maximus, Inc. (NYSE:MMS)

Algert Global LLC acquired a new stake in Maximus, Inc. (NYSE:MMS - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 144,971 shares of the health services provider's stock, valued at approximately $12,424,000. Maximus makes up 0.4% of Algert Global LLC's portfolio, making the stock its 11th biggest position. Algert Global LLC owned about 0.24% of Maximus at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in MMS. Public Employees Retirement Association of Colorado boosted its stake in shares of Maximus by 1,984.0% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 335,094 shares of the health services provider's stock worth $28,101,000 after purchasing an additional 319,015 shares during the last quarter. Millennium Management LLC grew its stake in Maximus by 150.4% in the 2nd quarter. Millennium Management LLC now owns 406,075 shares of the health services provider's stock worth $34,801,000 after acquiring an additional 243,890 shares during the period. Vanguard Group Inc. raised its holdings in 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. lifted its stake in shares of Maximus by 151.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 233,134 shares of the health services provider's stock worth $19,980,000 after purchasing an additional 140,481 shares during the period. Finally, Reinhart Partners LLC. boosted its holdings in shares of Maximus by 53.5% during the second quarter. Reinhart Partners LLC. now owns 355,914 shares of the health services provider's stock worth $30,502,000 after purchasing an additional 124,095 shares during the last quarter. Institutional investors and hedge funds own 97.21% of the company's stock.

Maximus Trading Up 0.9 %

Shares of NYSE:MMS traded up $0.85 during midday trading on Friday, reaching $92.70. The company's stock had a trading volume of 402,511 shares, compared to its average volume of 356,138. The firm has a market cap of $5.64 billion, a price-to-earnings ratio of 24.33 and a beta of 0.76. The business has a 50 day moving average price of $89.92 and a 200 day moving average price of $86.38. Maximus, Inc. has a 1 year low of $72.39 and a 1 year high of $93.97. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.61.

Maximus (NYSE:MMS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The health services provider reported $1.74 earnings per share for the quarter, topping analysts' consensus estimates of $1.47 by $0.27. Maximus had a net margin of 5.59% and a return on equity of 20.91%. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the firm posted $0.78 earnings per share. Maximus's revenue was up 10.6% on a year-over-year basis. Research analysts forecast that Maximus, Inc. will post 6.12 EPS for the current year.

Maximus Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, August 31st. Shareholders of record on Thursday, August 15th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.20 dividend on an annualized basis and a yield of 1.29%. Maximus's dividend payout ratio (DPR) 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.