Wellington Management Group LLP Has $30.11 Million Position in Maximus, Inc. $MMS

Key Points

• Wellington Management Group LLP increased its stake in Maximus, Inc. by 36.7% during Q1, now holding around $30.11 million in shares, which comprises approximately 0.78% of the company's total stock.
• Maximus reported a Q2 EPS of $2.16, surpassing analysts' expectations of $1.39, with a revenue of $1.35 billion against estimates of $1.29 billion, representing a 2.5% increase compared to the previous year.
• A quarterly dividend of $0.30 is set to be paid to shareholders, corresponding to an annual yield of 1.4% and a dividend payout ratio of 22.10%.

Wellington Management Group LLP grew its stake in shares of Maximus, Inc. (NYSE:MMS - Free Report) by 36.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 441,550 shares of the health services provider's stock after acquiring an additional 118,503 shares during the period. Wellington Management Group LLP owned 0.78% of Maximus worth $30,109,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MMS shares. Zacks Research raised shares of Maximus from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. Wall Street Zen lowered shares of Maximus from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat.com, Maximus presently has a consensus rating of "Strong Buy" and an average price target of $90.00.

Maximus Stock Performance

Maximus stock traded up $0.34 on Friday, reaching $88.06. 434,573 shares of the stock were exchanged, compared to its average volume of 681,324. The stock has a market cap of $4.96 billion, a PE ratio of 16.22 and a beta of 0.60. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 0.91. Maximus, Inc. has a twelve month low of $63.77 and a twelve month high of $93.94. The firm has a fifty day moving average price of $76.35 and a two-hundred day moving average price of $71.67.

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 during 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 revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.74 EPS. Maximus has set its FY 2025 guidance at 7.350-7.550 EPS. Sell-side analysts anticipate that Maximus, Inc. will post 6.15 EPS for the current year.

Maximus Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, August 31st. Stockholders of record on Friday, August 15th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is 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 is currently 22.10%.

Maximus Company 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.