Squarepoint Ops LLC Acquires 192,655 Shares of Maximus, Inc. $MMS

Squarepoint Ops LLC lifted its holdings in shares of Maximus, Inc. (NYSE:MMS - Free Report) by 723.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 219,301 shares of the health services provider's stock after buying an additional 192,655 shares during the quarter. Squarepoint Ops LLC owned about 0.42% of Maximus worth $11,790,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of MMS. Advisory Services Network LLC bought a new stake in Maximus during the 3rd quarter valued at $32,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Maximus by 225.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 439 shares of the health services provider's stock valued at $38,000 after purchasing an additional 304 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Maximus during the 2nd quarter valued at $35,000. Danske Bank A S purchased a new stake in Maximus during the 3rd quarter worth about $55,000. Finally, Hantz Financial Services Inc. boosted its stake in Maximus by 269.6% in the 4th quarter. Hantz Financial Services Inc. now owns 706 shares of the health services provider's stock worth $61,000 after purchasing an additional 515 shares during the period. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MMS has been the topic of several analyst reports. Wall Street Zen cut Maximus from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Weiss Ratings restated a "hold (c-)" rating on shares of Maximus in a research report on Monday, August 17th. Finally, Zacks Research cut shares of Maximus from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Maximus presently has an average rating of "Reduce".

Maximus Stock Performance

NYSE MMS opened at $56.05 on Thursday. Maximus, Inc. has a 52-week low of $52.73 and a 52-week high of $100.00. 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 company has a market capitalization of $2.93 billion, a P/E ratio of 8.28 and a beta of 0.59. The company has a fifty day moving average of $58.07 and a 200-day moving average of $62.56.

Maximus (NYSE:MMS - Get Free Report) last announced its earnings results on Thursday, August 6th. The health services provider reported $2.22 earnings per share (EPS) 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 analyst estimates of $1.33 billion. Maximus had a net margin of 7.07% and a return on equity of 24.91%. The firm's quarterly revenue was down 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.16 earnings per share. Maximus has set its FY 2026 guidance at 7.900-8.200 EPS. As a group, equities research analysts predict that Maximus, Inc. will post 8.03 EPS for the current fiscal year.

Maximus Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 14th were given a dividend of $0.33 per share. The ex-dividend date was 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.

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.