Maximus, Inc. $MMS Shares Acquired by Hotchkis & Wiley Capital Management LLC

Key Points

• Hotchkis & Wiley Capital Management LLC increased its stake in Maximus, Inc. by 17.5%, bringing its total ownership to 188,865 shares valued at approximately $12.88 million.
• Maximus reported a quarterly earnings per share of $2.16, significantly surpassing analysts' expectations, with revenue for the quarter reaching $1.35 billion.
• The company announced a quarterly dividend of $0.30, resulting in an annualized yield of 1.4% and will be paid to investors of record on August 15th.

Hotchkis & Wiley Capital Management LLC grew its stake in shares of Maximus, Inc. (NYSE:MMS - Free Report) by 17.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 188,865 shares of the health services provider's stock after buying an additional 28,075 shares during the period. Hotchkis & Wiley Capital Management LLC owned 0.33% of Maximus worth $12,879,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MMS. Captrust Financial Advisors purchased a new stake in Maximus in the 4th quarter valued at about $276,000. GAMMA Investing LLC raised its stake in shares of Maximus by 67.1% during the 1st quarter. GAMMA Investing LLC now owns 732 shares of the health services provider's stock worth $50,000 after acquiring an additional 294 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Maximus by 32.8% during the 1st quarter. Blue Trust Inc. now owns 1,228 shares of the health services provider's stock worth $84,000 after acquiring an additional 303 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Maximus during the 1st quarter worth approximately $2,115,000. Finally, Janney Montgomery Scott LLC raised its stake in shares of Maximus by 70.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 10,145 shares of the health services provider's stock worth $692,000 after acquiring an additional 4,196 shares in the last quarter. 97.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

MMS has been the subject of several recent analyst reports. Wall Street Zen lowered shares of Maximus from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. Zacks Research upgraded shares of Maximus from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Strong Buy" and an average target price of $90.00.

Maximus Stock Performance

NYSE:MMS traded down $0.58 during trading hours on Friday, reaching $87.14. The company had a trading volume of 97,276 shares, compared to its average volume of 568,906. Maximus, Inc. has a 1-year low of $63.77 and a 1-year high of $93.94. The firm has a market cap of $4.91 billion, a PE ratio of 16.05 and a beta of 0.60. The business's 50 day moving average price is $75.92 and its 200-day moving average price is $71.50. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.27 and a quick ratio of 2.27.

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

Maximus Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, August 31st. Shareholders of record on Friday, August 15th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 15th. Maximus's dividend payout ratio (DPR) is presently 22.10%.

About Maximus

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.