GSA Capital Partners LLP purchased a new position in shares of Maximus, Inc. (NYSE:MMS – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 12,889 shares of the health services provider’s stock, valued at approximately $693,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in MMS. Farther Finance Advisors LLC grew its stake in shares of Maximus by 69.0% in the fourth quarter. Farther Finance Advisors LLC now owns 284 shares of the health services provider’s stock worth $25,000 after acquiring an additional 116 shares during the last quarter. Advisory Services Network LLC acquired a new position in Maximus in the third quarter worth about $32,000. Canada Pension Plan Investment Board acquired a new position in Maximus in the second quarter valued at about $35,000. Northwestern Mutual Wealth Management Co. raised its position in Maximus by 225.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 439 shares of the health services provider’s stock valued at $38,000 after purchasing an additional 304 shares during the last quarter. Finally, Danske Bank A S bought a new position in shares of Maximus in the third quarter worth about $55,000. 97.21% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on MMS. Zacks Research cut shares of Maximus from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. Wall Street Zen cut Maximus from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Maximus in a research note on Monday. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Maximus currently has a consensus rating of “Reduce”.
Maximus Trading Up 3.5%
Shares of NYSE:MMS opened at $58.38 on Thursday. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.90. The business has a 50 day moving average of $57.79 and a 200-day moving average of $64.91. Maximus, Inc. has a 12-month low of $52.73 and a 12-month high of $100.00. The stock has a market cap of $3.06 billion, a PE ratio of 8.62 and a beta of 0.59.
Maximus (NYSE:MMS – Get Free Report) last posted its earnings results on Thursday, August 6th. The health services provider reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.01. Maximus had a return on equity of 24.91% and a net margin of 7.07%.The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter last year, the firm earned $2.16 earnings per share. The company’s revenue was down 5.1% on a year-over-year basis. Maximus has set its FY 2026 guidance at 7.900-8.200 EPS. As a group, equities research analysts forecast that Maximus, Inc. will post 8.01 earnings per share for the current year.
Maximus Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, August 14th. Maximus’s dividend payout ratio (DPR) is 19.50%.
About Maximus
Maximus, Inc (NYSE: MMS) is a global provider of government services focused on delivering health and human services programs. The company partners with federal, state, and local agencies to administer and manage programs that support individuals and families across various stages of life. Key service areas include eligibility determination and enrollment services for Medicaid, Medicare, Children’s Health Insurance Program (CHIP) and other public assistance programs, as well as call center operations, case management and program integrity solutions.
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