Engineers Gate Manager LP Makes New Investment in Maximus, Inc. $MMS

Key Points

• Engineers Gate Manager LP purchased 38,590 Maximus shares worth approximately $2.1 million, while institutional investors collectively own 97.21% of the company.
• Maximus reported quarterly EPS of $2.22, slightly exceeding estimates, but revenue fell 5.1% year over year to $1.28 billion. The stock opened at $58.28, down 1.8%, and remains well below its 52-week high of $100.
• The company declared a quarterly dividend of $0.33, representing a 2.3% annualized yield. Analyst sentiment is cautious, with a consensus rating of “Reduce” after recent downgrades.

Engineers Gate Manager LP bought a new stake in shares of Maximus, Inc. (NYSE:MMS - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 38,590 shares of the health services provider's stock, valued at approximately $2,075,000. Engineers Gate Manager LP owned about 0.07% of Maximus as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Integrated Wealth Concepts LLC acquired a new position in Maximus in the second quarter valued at about $34,000. Squarepoint Ops LLC grew its position in shares of Maximus by 723.0% during the 2nd quarter. Squarepoint Ops LLC now owns 219,301 shares of the health services provider's stock worth $11,790,000 after buying an additional 192,655 shares during the period. Nykredit A S bought a new stake in shares of Maximus in the 2nd quarter valued at about $203,000. Amundi increased its stake in shares of Maximus by 44.3% in the 2nd quarter. Amundi now owns 7,549 shares of the health services provider's stock valued at $406,000 after acquiring an additional 2,316 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Maximus in the 2nd quarter valued at approximately $2,441,000. 97.21% of the stock is currently owned by institutional investors.

Maximus Stock Down 1.8%

Shares of Maximus stock opened at $58.28 on Wednesday. The company has a market capitalization of $3.05 billion, a P/E 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 $58.21 and a two-hundred day moving average of $62.12. Maximus, Inc. has a 1 year low of $52.73 and a 1 year high of $100.00.

Maximus (NYSE:MMS - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The health services provider reported $2.22 earnings per share for the quarter, beating 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 business posted $2.16 EPS. Maximus's revenue for the quarter 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 analysts predict that Maximus, Inc. will post 8.03 EPS for the current year.

Maximus Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 14th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Friday, August 14th. Maximus's dividend payout ratio is 19.50%.

Analyst Ratings Changes

Several research firms recently weighed in on MMS. Zacks Research lowered shares of Maximus from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 11th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Maximus in a research note on Monday, August 17th. Finally, Wall Street Zen lowered shares of Maximus from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Reduce".

About Maximus

Maximus, Inc NYSE: MMS is a provider of technology-enabled government services. The company partners with federal, state, provincial and local governments to administer public programs, improve service delivery and help agencies manage complex operational and administrative needs.

Its services include health and human services administration, employment and workforce support, program eligibility and enrollment, citizen engagement, customer contact centers, consulting and digital transformation.

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