Maximus, Inc. $MMS Stake Lifted by Panagora Asset Management Inc.

Key Points

• Panagora Asset Management Inc. increased its stake in Maximus, Inc. by 2.2% in Q1, owning 256,064 shares valued at approximately $17.5 million.
• Maximus reported $2.16 earnings per share for the most recent quarter, exceeding analyst expectations of $1.39 and marking a 2.5% year-over-year revenue increase.
• The company recently announced a quarterly dividend of $0.30 per share, representing an annualized yield of 1.4% and a payout ratio of 22.1%.

Panagora Asset Management Inc. increased its holdings in Maximus, Inc. (NYSE:MMS - Free Report) by 2.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 256,064 shares of the health services provider's stock after buying an additional 5,449 shares during the period. Panagora Asset Management Inc. owned 0.45% of Maximus worth $17,461,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. LRI Investments LLC increased its holdings in Maximus by 11.9% in the first quarter. LRI Investments LLC now owns 1,833 shares of the health services provider's stock valued at $125,000 after purchasing an additional 195 shares during the period. Vestcor Inc boosted its holdings in Maximus by 2.3% in the 1st quarter. Vestcor Inc now owns 9,877 shares of the health services provider's stock valued at $674,000 after purchasing an additional 223 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Maximus by 5.8% during the 1st quarter. Cetera Investment Advisers now owns 4,519 shares of the health services provider's stock worth $308,000 after acquiring an additional 247 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of Maximus by 70.2% during the 1st quarter. UMB Bank n.a. now owns 606 shares of the health services provider's stock valued at $41,000 after purchasing an additional 250 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in Maximus by 0.7% during the first quarter. Nisa Investment Advisors LLC now owns 39,936 shares of the health services provider's stock worth $2,723,000 after acquiring an additional 290 shares in the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on MMS shares. Wall Street Zen cut 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, August 26th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Strong Buy" and an average target price of $90.00.

Maximus Trading Down 1.1%

NYSE MMS traded down $0.96 during trading hours on Wednesday, reaching $88.48. The company had a trading volume of 384,591 shares, compared to its average volume of 570,243. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $4.99 billion, a P/E ratio of 16.29 and a beta of 0.61. The stock has a 50-day moving average of $77.14 and a 200 day moving average of $71.97. Maximus, Inc. has a 1-year low of $63.77 and a 1-year high of $93.94.

Maximus (NYSE:MMS - Get Free Report) last released its earnings results on Thursday, August 7th. The health services provider reported $2.16 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.77. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.29 billion. Maximus had a net margin of 5.83% and a return on equity of 24.44%. The business's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.74 earnings per share. Maximus has set its FY 2025 guidance at 7.350-7.550 EPS. As a group, research analysts anticipate that Maximus, Inc. will post 6.15 earnings per share for the current fiscal year.

Maximus Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, August 31st. Stockholders of record on Friday, August 15th were given a $0.30 dividend. The ex-dividend date was Friday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.4%. Maximus's dividend payout ratio (DPR) is currently 22.10%.

Maximus Profile

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.