Sound Income Strategies LLC Purchases New Holdings in Maximus, Inc. $MMS

Key Points

• Sound Income Strategies acquired 85,995 Maximus shares valued at approximately $5.05 million, representing about 0.16% of the company. Institutional investors collectively own 97.21% of Maximus, with several firms significantly increasing their positions.
• Maximus shares rose 1.0% to $59.37, while analysts maintained an overall “Hold” rating. The company recently reported quarterly EPS of $2.22, narrowly exceeding estimates, although revenue fell 5.1% year over year to $1.28 billion.
• Maximus declared a quarterly dividend of $0.33 per share, or $1.32 annually, yielding approximately 2.2%. The dividend is payable November 30 to shareholders of record as of November 13.

Sound Income Strategies LLC acquired a new stake in Maximus, Inc. (NYSE:MMS - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 85,995 shares of the health services provider's stock, valued at approximately $5,054,000. Sound Income Strategies LLC owned about 0.16% of Maximus as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new position in Maximus during the second quarter worth $400,186,000. Dimensional Fund Advisors LP increased its stake in Maximus by 7.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,107,278 shares of the health services provider's stock valued at $135,084,000 after buying an additional 141,362 shares during the last quarter. Reinhart Partners LLC. lifted its position in Maximus by 131.8% during the 2nd quarter. Reinhart Partners LLC. now owns 1,982,415 shares of the health services provider's stock worth $106,575,000 after buying an additional 1,127,346 shares in the last quarter. Van Berkom & Associates Inc. lifted its position in Maximus by 3.7% during the 1st quarter. Van Berkom & Associates Inc. now owns 1,172,190 shares of the health services provider's stock worth $75,137,000 after buying an additional 41,862 shares in the last quarter. Finally, River Road Asset Management LLC boosted its stake in shares of Maximus by 236.1% during the 4th quarter. River Road Asset Management LLC now owns 823,262 shares of the health services provider's stock worth $71,064,000 after buying an additional 578,326 shares during the last quarter. Institutional investors own 97.21% of the company's stock.

Insider Buying and Selling

In related news, insider Michelle Link sold 3,208 shares of Maximus stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $54.23, for a total transaction of $173,969.84. Following the completion of the transaction, the insider owned 13,881 shares in the company, valued at approximately $752,766.63. This trade represents a 18.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Zacks Research upgraded Maximus from a "strong sell" rating to a "hold" rating in a report on Thursday, October 1st. Weiss Ratings reiterated a "hold (c-)" rating on shares of Maximus in a report on Monday, August 17th. Finally, Wall Street Zen cut Maximus from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of "Hold".

Maximus Stock Up 1.0%

MMS traded up $0.60 during trading on Friday, reaching $59.37. 764,858 shares of the stock were exchanged, compared to its average volume of 712,965. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.42 and a current ratio of 2.42. The stock's 50 day moving average price is $56.83 and its two-hundred day moving average price is $59.83. Maximus, Inc. has a twelve month low of $51.04 and a twelve month high of $100.00. The stock has a market cap of $3.11 billion, a P/E ratio of 8.77 and a beta of 0.59.

Maximus (NYSE:MMS - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The health services provider reported $2.22 EPS for the quarter, beating analysts' consensus estimates of $2.21 by $0.01. Maximus had a net margin of 7.07% and a return on equity of 24.91%. The firm had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.33 billion. During the same quarter last year, the company posted $2.16 earnings per share. The company's revenue for the quarter was down 5.1% compared to the same quarter last year. Maximus has set its FY 2026 guidance at 7.900-8.200 EPS. Equities analysts expect that Maximus, Inc. will post 8.03 EPS for the current year.

Maximus Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 13th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, November 13th. Maximus's dividend payout ratio (DPR) is 19.50%.

Maximus Profile

Maximus, Inc NYSE: MMS is a provider of government services and technology-enabled solutions. The company partners with federal, state, provincial and local governments to administer public programs, improve service delivery and support interactions between governments and the people they serve.

Its business activities include health and human services administration, employment and workforce services, child support and eligibility services, customer contact centers, program management, consulting and digital transformation.

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