Maximus, Inc. $MMS Stock Position Lifted by Quantinno Capital Management LP

Quantinno Capital Management LP raised its stake in Maximus, Inc. (NYSE:MMS - Free Report) by 413.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 76,181 shares of the health services provider's stock after buying an additional 61,335 shares during the quarter. Quantinno Capital Management LP owned 0.14% of Maximus worth $4,883,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its holdings in shares of Maximus by 69.0% during the 4th quarter. Farther Finance Advisors LLC now owns 284 shares of the health services provider's stock valued at $25,000 after acquiring an additional 116 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Maximus in the third quarter worth $32,000. Northwestern Mutual Wealth Management Co. raised its holdings 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 worth $38,000 after acquiring an additional 304 shares in the last quarter. Richardson Financial Services Inc. raised its holdings in shares of Maximus by 29.6% during the fourth quarter. Richardson Financial Services Inc. now owns 451 shares of the health services provider's stock worth $39,000 after acquiring an additional 103 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in Maximus during the second quarter valued at $35,000. Hedge funds and other institutional investors own 97.21% of the company's stock.

Maximus Stock Down 7.6%

MMS stock opened at $58.34 on Friday. The firm has a market cap of $3.06 billion, a PE ratio of 8.73 and a beta of 0.59. Maximus, Inc. has a 1 year low of $52.73 and a 1 year high of $100.00. The company has a fifty day simple moving average of $58.68 and a 200 day simple moving average of $67.52. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.87.

Maximus (NYSE:MMS - Get Free Report) last posted its earnings results on Thursday, August 6th. The health services provider reported $2.22 EPS for the quarter, topping the consensus estimate of $2.21 by $0.01. Maximus had a net margin of 7.02% and a return on equity of 25.10%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the prior year, the business posted $2.16 earnings per share. The business's quarterly revenue was down 5.1% on a year-over-year basis. Maximus has set its FY 2026 guidance at 7.900-8.200 EPS. Sell-side analysts anticipate that Maximus, Inc. will post 8.43 EPS for the current fiscal year.

Maximus Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.3%. Maximus's dividend payout ratio is currently 19.76%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Weiss Ratings downgraded Maximus from a "hold (c)" rating to a "hold (c-)" rating in a research note on Wednesday, May 20th. Zacks Research lowered Maximus from a "strong-buy" rating to a "hold" rating in a report on Monday, April 27th. Finally, Wall Street Zen raised Maximus from a "hold" rating to a "buy" rating in a research note on Saturday, June 6th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of "Hold".

Maximus Profile

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.

Want to see what other hedge funds are holding MMS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Maximus, Inc. (NYSE:MMS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source