River Road Asset Management LLC raised its stake in shares of Maximus, Inc. (NYSE:MMS – Free Report) by 236.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 823,262 shares of the health services provider’s stock after acquiring an additional 578,326 shares during the quarter. River Road Asset Management LLC’s holdings in Maximus were worth $71,064,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC raised its position in shares of Maximus by 69.0% during the 4th 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 during the last quarter. Advisory Services Network LLC purchased a new position in Maximus in the 3rd quarter valued at about $32,000. Northwestern Mutual Wealth Management Co. boosted its holdings 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 worth $38,000 after buying an additional 304 shares during the last quarter. Richardson Financial Services Inc. increased its stake in Maximus by 29.6% during the 4th quarter. Richardson Financial Services Inc. now owns 451 shares of the health services provider’s stock worth $39,000 after buying an additional 103 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in Maximus during the 2nd quarter worth approximately $35,000. Institutional investors and hedge funds own 97.21% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on MMS. Zacks Research downgraded Maximus from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Wall Street Zen upgraded Maximus from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Finally, Weiss Ratings downgraded Maximus from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 20th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Maximus has a consensus rating of “Hold”.
Maximus Stock Performance
MMS opened at $55.72 on Friday. The firm has a market capitalization of $2.93 billion, a PE ratio of 8.34 and a beta of 0.58. Maximus, Inc. has a twelve month low of $56.92 and a twelve month high of $100.00. The firm’s 50-day moving average price is $63.15 and its 200 day moving average price is $75.10. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.87.
Maximus (NYSE:MMS – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The health services provider reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.09. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Maximus had a net margin of 7.02% and a return on equity of 25.10%. Maximus’s revenue was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.01 EPS. Maximus has set its FY 2026 guidance at 8.250-8.550 EPS. As a group, sell-side analysts expect that Maximus, Inc. will post 8.43 EPS for the current fiscal year.
Maximus Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were given a $0.33 dividend. The ex-dividend date was Friday, May 15th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.4%. Maximus’s dividend payout ratio is 19.76%.
Maximus Profile
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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