William Blair Investment Management LLC purchased a new stake in Maximus, Inc. (NYSE:MMS – Free Report) in the 2nd quarter, HoldingsChannel reports. The fund purchased 157,817 shares of the health services provider’s stock, valued at approximately $8,484,000.
Several other large investors have also recently added to or reduced their stakes in MMS. Farther Finance Advisors LLC lifted its stake in shares of Maximus by 69.0% during the fourth quarter. Farther Finance Advisors LLC now owns 284 shares of the health services provider’s stock worth $25,000 after purchasing an additional 116 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Maximus in the third quarter valued at about $32,000. Canada Pension Plan Investment Board acquired a new stake in shares of Maximus in the second quarter valued at about $35,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Maximus by 225.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 439 shares of the health services provider’s stock valued at $38,000 after buying an additional 304 shares during the period. Finally, Global Retirement Partners LLC purchased a new stake in shares of Maximus during the 2nd quarter valued at about $40,000. 97.21% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Maximus in a research report on Monday, August 17th. Wall Street Zen downgraded shares of Maximus from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Zacks Research lowered shares of Maximus from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce”.
Maximus Stock Up 0.1%
Shares of Maximus stock opened at $58.29 on Monday. Maximus, Inc. has a 1-year low of $52.73 and a 1-year high of $100.00. The company has a market capitalization of $3.05 billion, a PE ratio of 8.61 and a beta of 0.59. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.42 and a quick ratio of 2.42. The business has a 50-day moving average of $57.63 and a 200-day moving average of $64.39.
Maximus (NYSE:MMS – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The health services provider reported $2.22 EPS for the quarter, topping the consensus estimate of $2.21 by $0.01. Maximus had a return on equity of 24.91% and a net margin of 7.07%.The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the previous year, the firm posted $2.16 earnings per share. The company’s revenue was down 5.1% compared to the same quarter last year. Maximus has set its FY 2026 guidance at 7.900-8.200 EPS. As a group, equities analysts forecast that Maximus, Inc. will post 8.01 EPS for the current fiscal year.
Maximus Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be issued a dividend of $0.33 per share. The ex-dividend date is Friday, August 14th. This represents a $1.32 annualized dividend and a yield of 2.3%. Maximus’s payout ratio is currently 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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