Jupiter Topco LLC Takes $1.27 Million Position in Maximus, Inc. $MMS

Key Points

• Jupiter Topco LLC acquired 23,701 Maximus shares during the second quarter, valued at approximately $1.27 million. Institutional investors collectively own 97.21% of the company.
• Analyst sentiment has weakened, with recent ratings ranging from “hold” to “strong sell”; Maximus has an average MarketBeat rating of “Reduce.”
• Maximus exceeded quarterly EPS expectations slightly at $2.22, but revenue fell 5.1% year over year to $1.28 billion. The company maintains a $0.33 quarterly dividend, equal to a 2.3% yield.

Jupiter Topco LLC acquired a new position in shares of Maximus, Inc. (NYSE:MMS - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 23,701 shares of the health services provider's stock, valued at approximately $1,274,000.

Other large investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its position in 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 buying an additional 116 shares during the period. Advisory Services Network LLC purchased a new stake in shares of Maximus in the 3rd quarter worth about $32,000. Canada Pension Plan Investment Board acquired a new stake in Maximus in the 2nd quarter valued at about $35,000. Northwestern Mutual Wealth Management Co. grew its stake 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 acquiring an additional 304 shares during the last quarter. Finally, Global Retirement Partners LLC purchased a new position in Maximus during the 2nd quarter valued at about $40,000. Hedge funds and other institutional investors own 97.21% of the company's stock.

Analysts Set New Price Targets

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

Maximus Stock Performance

Shares of Maximus stock opened at $57.56 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.42 and a current ratio of 2.42. Maximus, Inc. has a 1 year low of $52.73 and a 1 year high of $100.00. The firm's 50-day simple moving average is $57.91 and its 200-day simple moving average is $63.01. The firm has a market cap of $3.01 billion, a PE ratio of 8.50 and a beta of 0.59.

Maximus (NYSE:MMS - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The health services provider reported $2.22 EPS 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 business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period last year, the firm earned $2.16 earnings per share. The company's revenue for the quarter was down 5.1% compared to the same quarter last year. Maximus has set its FY 2026 guidance at 7.900-8.200 EPS. Equities analysts forecast that Maximus, Inc. will post 8.03 earnings per share for the current fiscal year.

Maximus Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.32 annualized dividend and a dividend yield of 2.3%. Maximus's payout ratio 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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