United Services Automobile Association Invests $272,000 in Maximus, Inc. $MMS

Key Points

• United Services Automobile Association has acquired 3,994 shares of Maximus, Inc. valued at approximately $272,000, marking a significant move in the institutional investment landscape for the company.
• Maximus has recently received a “strong-buy” rating from Zacks Research, with a consensus target price of $90.00, indicating positive market sentiment towards the stock.
• The company reported a net profit margin of 5.83% for the last quarter, achieving earnings of $2.16 per share, which exceeded analysts' expectations significantly.

United Services Automobile Association bought a new position in shares of Maximus, Inc. (NYSE:MMS - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,994 shares of the health services provider's stock, valued at approximately $272,000.

A number of other institutional investors also recently bought and sold shares of the company. Mackenzie Financial Corp boosted its position in Maximus by 2.0% during the fourth quarter. Mackenzie Financial Corp now owns 2,782,150 shares of the health services provider's stock worth $207,687,000 after purchasing an additional 55,583 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in Maximus by 40.0% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,729,305 shares of the health services provider's stock worth $117,921,000 after purchasing an additional 494,372 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Maximus by 20.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,695,582 shares of the health services provider's stock valued at $115,620,000 after acquiring an additional 288,990 shares in the last quarter. Van Berkom & Associates Inc. lifted its position in shares of Maximus by 1.5% in the first quarter. Van Berkom & Associates Inc. now owns 1,275,394 shares of the health services provider's stock valued at $86,969,000 after acquiring an additional 18,976 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Maximus by 177.2% in the first quarter. AQR Capital Management LLC now owns 1,173,329 shares of the health services provider's stock valued at $79,341,000 after acquiring an additional 750,031 shares in the last quarter. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Maximus Stock Up 0.9%

MMS traded up $0.84 on Thursday, reaching $89.32. The company's stock had a trading volume of 106,162 shares, compared to its average volume of 569,333. The stock has a market cap of $5.03 billion, a price-to-earnings ratio of 16.45 and a beta of 0.61. Maximus, Inc. has a 1 year low of $63.77 and a 1 year high of $93.94. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.27 and a quick ratio of 2.27. The business's 50 day moving average is $80.89 and its 200 day moving average is $73.56.

Maximus (NYSE:MMS - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The health services provider reported $2.16 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.77. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.29 billion. Maximus had a return on equity of 24.44% and a net margin of 5.83%.Maximus's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.74 earnings per share. Maximus has set its FY 2025 guidance at 7.350-7.550 EPS. As a group, research analysts forecast that Maximus, Inc. will post 6.15 EPS for the current fiscal year.

Maximus Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, August 31st. Shareholders of record on Friday, August 15th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, August 15th. Maximus's dividend payout ratio (DPR) is currently 22.10%.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Maximus from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Strong Buy" and a consensus target price of $90.00.

Maximus Company Profile

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.