Maximus, Inc. $MMS Shares Sold by Bank of America Corp DE

Bank of America Corp DE lessened its position in Maximus, Inc. (NYSE:MMS - Free Report) by 19.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 563,486 shares of the health services provider's stock after selling 137,118 shares during the quarter. Bank of America Corp DE owned approximately 1.07% of Maximus worth $36,119,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its position in shares of Maximus by 69.0% in the 4th quarter. Farther Finance Advisors LLC now owns 284 shares of the health services provider's stock valued at $25,000 after purchasing an additional 116 shares during the period. Advisory Services Network LLC purchased a new position in Maximus during the 3rd quarter valued at about $32,000. Canada Pension Plan Investment Board acquired a new position in shares of Maximus in the second quarter worth $35,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Maximus by 225.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 439 shares of the health services provider's stock valued at $38,000 after buying an additional 304 shares during the period. Finally, Danske Bank A S acquired a new stake in shares of Maximus in the third quarter worth approximately $55,000. Institutional investors and hedge funds own 97.21% of the company's stock.

Maximus Stock Down 1.5%

Shares of NYSE:MMS opened at $55.24 on Friday. The company has a market capitalization of $2.89 billion, a PE ratio of 8.16 and a beta of 0.59. Maximus, Inc. has a 52 week low of $52.73 and a 52 week high of $100.00. The company has a 50 day moving average price of $58.05 and a two-hundred day moving average price of $65.96. 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 (NYSE:MMS - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The health services provider reported $2.22 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.01. The company had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.33 billion. Maximus had a return on equity of 24.91% and a net margin of 7.07%.Maximus's revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.16 earnings per share. Maximus has set its FY 2026 guidance at 7.900-8.200 EPS. Analysts forecast that Maximus, Inc. will post 8.01 earnings per share for the current year.

Maximus Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be given a $0.33 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.4%. Maximus's dividend payout ratio (DPR) is presently 19.50%.

Wall Street Analysts Forecast Growth

MMS has been the topic of several recent research reports. Wall Street Zen lowered shares of Maximus from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Weiss Ratings downgraded Maximus from a "hold (c)" rating to a "hold (c-)" rating in a research note on Wednesday, May 20th. Finally, Zacks Research downgraded Maximus from a "hold" rating to a "strong sell" rating in a report on Tuesday. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Maximus presently has an average rating of "Reduce".

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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