Maximus, Inc. $MMS Shares Purchased by Wellington Management Group LLP

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

Other institutional investors and hedge funds also recently bought and sold shares of the company. Captrust Financial Advisors purchased a new stake in shares of Maximus during the fourth quarter valued at $276,000. GAMMA Investing LLC boosted its stake in shares of Maximus by 67.1% during the first quarter. GAMMA Investing LLC now owns 732 shares of the health services provider's stock valued at $50,000 after purchasing an additional 294 shares during the period. Blue Trust Inc. boosted its stake in shares of Maximus by 32.8% during the first quarter. Blue Trust Inc. now owns 1,228 shares of the health services provider's stock valued at $84,000 after purchasing an additional 303 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Maximus during the first quarter valued at $2,115,000. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Maximus by 70.5% during the first quarter. Janney Montgomery Scott LLC now owns 10,145 shares of the health services provider's stock valued at $692,000 after purchasing an additional 4,196 shares during the period. 97.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Gayathri Rajan sold 7,913 shares of the company's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $72.38, for a total transaction of $572,742.94. Following the transaction, the director owned 14,205 shares in the company, valued at $1,028,157.90. This represents a 35.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.60% of the stock is currently owned by company insiders.

Maximus Stock Up 0.1%

Maximus stock traded up $0.10 during trading hours on Thursday, reaching $87.66. The stock had a trading volume of 552,291 shares, compared to its average volume of 571,881. The company has a market cap of $4.94 billion, a price-to-earnings ratio of 16.14 and a beta of 0.60. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.27 and a quick ratio of 2.27. The business's 50 day moving average price is $75.55 and its 200-day moving average price is $71.38. Maximus, Inc. has a 52 week low of $63.77 and a 52 week high of $93.94.

Maximus (NYSE:MMS - Get Free Report) last announced its earnings results on Thursday, August 7th. The health services provider reported $2.16 EPS for the quarter, topping analysts' consensus estimates of $1.39 by $0.77. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.29 billion. Maximus had a net margin of 5.83% and a return on equity of 24.44%. The firm's revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.74 earnings per share. 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 Announces Dividend

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 issued a dividend of $0.30 per share. The ex-dividend date is Friday, August 15th. This represents a $1.20 annualized dividend and a dividend yield of 1.4%. Maximus's dividend payout ratio is 22.10%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on MMS shares. Wall Street Zen lowered shares of Maximus from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. Zacks Research raised shares of Maximus from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. One equities research 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, the stock has a consensus rating of "Strong Buy" and an average price target of $90.00.

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.