Rice Hall James & Associates LLC Buys 8,929 Shares of Maximus, Inc. $MMS

Rice Hall James & Associates LLC boosted its stake in Maximus, Inc. (NYSE:MMS) by 4.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 222,924 shares of the health services provider’s stock after buying an additional 8,929 shares during the quarter. Rice Hall James & Associates LLC owned approximately 0.42% of Maximus worth $14,289,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Farther Finance Advisors LLC boosted its stake in shares of Maximus by 69.0% in the 4th quarter. Farther Finance Advisors LLC now owns 284 shares of the health services provider’s stock valued at $25,000 after purchasing an additional 116 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Maximus during the 3rd quarter worth about $32,000. Canada Pension Plan Investment Board acquired a new position in Maximus in the second quarter valued at about $35,000. Northwestern Mutual Wealth Management Co. boosted its position in 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 buying an additional 304 shares in the last quarter. Finally, Richardson Financial Services Inc. grew its stake in Maximus by 29.6% during the fourth quarter. Richardson Financial Services Inc. now owns 451 shares of the health services provider’s stock worth $39,000 after buying an additional 103 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors.

Maximus Stock Up 3.8%

Shares of NYSE MMS opened at $59.60 on Friday. Maximus, Inc. has a 12-month low of $52.73 and a 12-month high of $100.00. The firm’s 50-day simple moving average is $58.57 and its 200 day simple moving average is $69.80. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.87. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 8.92 and a beta of 0.60.

Maximus (NYSE:MMS) last posted its quarterly earnings data on Thursday, May 7th. The health services provider reported $2.07 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.09. Maximus had a net margin of 7.02% and a return on equity of 25.10%. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter last year, the company posted $2.01 EPS. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. Maximus has set its FY 2026 guidance at 8.250-8.550 EPS. On average, research analysts expect that Maximus, Inc. will post 8.43 earnings per share for the current fiscal year.

Maximus Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.2%. Maximus’s dividend payout ratio (DPR) is currently 19.76%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MMS. Wall Street Zen upgraded shares of Maximus from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Zacks Research lowered Maximus from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Weiss Ratings cut Maximus from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 20th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Maximus presently has a consensus rating of “Hold”.

About Maximus

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.