Oppenheimer Asset Management Inc. Acquires New Holdings in Maximus, Inc. $MMS

Key Points

• Oppenheimer Asset Management acquired 18,241 Maximus shares valued at approximately $981,000 during the second quarter. Institutional investors own 97.21% of the company.
• Analyst sentiment has weakened, with recent downgrades leading to a consensus “Reduce” rating from MarketBeat.
• Maximus beat quarterly earnings estimates slightly with $2.22 EPS, but revenue fell 5.1% year over year to $1.28 billion. The company also declared a quarterly dividend of $0.33 per share, yielding about 2.4% annually.

Oppenheimer Asset Management Inc. bought 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 and Exchange Commission. The institutional investor bought 18,241 shares of the health services provider's stock, valued at approximately $981,000.

Several other large investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its holdings in shares of Maximus by 69.0% in the fourth quarter. Farther Finance Advisors LLC now owns 284 shares of the health services provider's stock worth $25,000 after purchasing an additional 116 shares during the period. Advisory Services Network LLC purchased a new position in Maximus during the third quarter worth about $32,000. Canada Pension Plan Investment Board purchased a new position in Maximus during the second quarter worth about $35,000. Northwestern Mutual Wealth Management Co. increased 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 worth $38,000 after acquiring an additional 304 shares during the last quarter. Finally, Danske Bank A S bought a new position in Maximus in the 3rd quarter worth about $55,000. 97.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Weiss Ratings downgraded Maximus from a "hold (c)" rating to a "hold (c-)" rating in a research report on Wednesday, May 20th. Zacks Research cut shares of Maximus from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 11th. Finally, Wall Street Zen cut shares of Maximus from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Maximus has a consensus rating of "Reduce".

Maximus Stock Down 0.1%

Shares of NYSE:MMS opened at $55.24 on Monday. The firm has a market capitalization of $2.89 billion, a PE ratio of 8.16 and a beta of 0.59. 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 52-week low of $52.73 and a 52-week high of $100.00. The firm has a fifty day moving average of $58.05 and a 200 day moving average of $65.73.

Maximus (NYSE:MMS - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The health services provider reported $2.22 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter last year, the business posted $2.16 earnings per share. The company'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, research analysts anticipate that Maximus, Inc. will post 8.01 EPS for the current fiscal year.

Maximus Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be given a dividend of $0.33 per share. The ex-dividend date is Friday, August 14th. This represents a $1.32 annualized dividend and a dividend yield of 2.4%. Maximus's dividend payout ratio is 19.50%.

Maximus Company 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.

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