Wilmington Savings Fund Society FSB Sells 3,645 Shares of Maximus, Inc. $MMS

Key Points

• Wilmington Savings Fund Society FSB reduced its stake in Maximus, Inc. by 5.8%, selling 3,645 shares and retaining approximately 59,284 shares valued at $4,162,000.
• Maximus reported strong quarterly earnings with an EPS of $2.16, exceeding analyst expectations of $1.39, and highlighted a revenue growth of 2.5% year-over-year.
• The company announced a quarterly dividend of $0.30 per share, set to be paid on December 1st, with investors of record on November 14th.

Wilmington Savings Fund Society FSB lessened its holdings in Maximus, Inc. (NYSE:MMS - Free Report) by 5.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,284 shares of the health services provider's stock after selling 3,645 shares during the period. Wilmington Savings Fund Society FSB owned about 0.11% of Maximus worth $4,162,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MMS. GAMMA Investing LLC grew its position in Maximus by 67.1% in the first quarter. GAMMA Investing LLC now owns 732 shares of the health services provider's stock valued at $50,000 after acquiring an additional 294 shares during the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of Maximus during the first quarter worth about $794,000. Janney Montgomery Scott LLC grew its holdings 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 worth $692,000 after purchasing an additional 4,196 shares during the last quarter. QRG Capital Management Inc. grew its holdings in shares of Maximus by 25.9% during the first quarter. QRG Capital Management Inc. now owns 6,286 shares of the health services provider's stock worth $429,000 after purchasing an additional 1,293 shares during the last quarter. Finally, Global Trust Asset Management LLC bought a new stake in shares of Maximus during the first quarter worth about $155,000. Institutional investors own 97.21% of the company's stock.

Insider Activity at Maximus

In related news, insider Michelle F. Link sold 1,610 shares of Maximus stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $90.86, for a total value of $146,284.60. Following the transaction, the insider directly owned 13,508 shares of the company's stock, valued at $1,227,336.88. The trade was a 10.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Maximus Price Performance

Maximus stock opened at $84.76 on Wednesday. The stock's 50 day moving average is $87.09 and its 200 day moving average is $76.39. 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 firm has a market cap of $4.78 billion, a P/E ratio of 15.61 and a beta of 0.57. Maximus, Inc. has a one year low of $63.77 and a one year high of $93.73.

Maximus (NYSE:MMS - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.29 billion. Maximus had a return on equity of 24.44% and a net margin of 5.83%.The firm's quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous 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 expect 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 Monday, December 1st. Investors of record on Friday, November 14th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, November 14th. Maximus's payout ratio is currently 22.10%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on MMS shares. Zacks Research upgraded Maximus from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 26th. Weiss Ratings upgraded Maximus from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $90.00.

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.

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