Walleye Capital LLC Invests $20.64 Million in Maximus, Inc. $MMS

Walleye Capital LLC bought a new position in Maximus, Inc. (NYSE:MMS) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 384,021 shares of the health services provider’s stock, valued at approximately $20,645,000.

A number of other hedge funds also recently bought and sold shares of MMS. Farther Finance Advisors LLC increased its holdings in Maximus by 69.0% during 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 during the period. Advisory Services Network LLC purchased a new stake in Maximus in the 3rd quarter worth approximately $32,000. Canada Pension Plan Investment Board purchased a new stake in Maximus in the 2nd quarter worth approximately $35,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Maximus by 225.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 439 shares of the health services provider’s stock worth $38,000 after buying an additional 304 shares during the last quarter. Finally, Danske Bank A S bought a new stake in shares of Maximus in the 3rd quarter worth approximately $55,000. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Maximus Price Performance

MMS stock opened at $55.24 on Friday. Maximus, Inc. has a 1 year low of $52.73 and a 1 year high of $100.00. The company has a market cap of $2.89 billion, a P/E ratio of 8.16 and a beta of 0.59. The firm has a 50-day moving average of $58.05 and a 200 day moving average of $65.96. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.42 and a quick ratio of 2.42.

Maximus (NYSE:MMS) last issued its quarterly earnings data on Thursday, August 6th. The health services provider reported $2.22 EPS for the quarter, topping the consensus estimate of $2.21 by $0.01. The business 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%. Maximus’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period last year, the business posted $2.16 earnings per share. Maximus has set its FY 2026 guidance at 7.900-8.200 EPS. On average, sell-side analysts forecast that Maximus, Inc. will post 8.01 EPS for the current year.

Maximus Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be given a $0.33 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.32 annualized dividend and a dividend yield of 2.4%. Maximus’s dividend payout ratio is currently 19.50%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MMS. Weiss Ratings cut Maximus from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 20th. Wall Street Zen lowered Maximus from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Zacks Research cut shares of Maximus from a “hold” rating to a “strong sell” rating in a report on Tuesday. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Maximus has a consensus rating of “Reduce”.

Maximus 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.