Maximus (NYSE:MMS) Hits New 52-Week High After Dividend Announcement

Maximus, Inc. (NYSE:MMS)’s share price reached a new 52-week high on Wednesday following a dividend announcement from the company. The stock traded as high as $92.57 and last traded at $92.1640, with a volume of 107684 shares. The stock had previously closed at $89.12.

The newly announced dividend which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 13th will be issued a dividend of $0.33 per share. This is an increase from Maximus’s previous quarterly dividend of $0.30. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, February 13th. Maximus’s payout ratio is 21.58%.

Analyst Ratings Changes

MMS has been the subject of a number of recent research reports. Zacks Research raised shares of Maximus from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. Weiss Ratings reissued a “buy (b-)” rating on shares of Maximus in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Strong Buy”.

Maximus Stock Performance

The stock has a 50 day moving average of $85.23 and a 200 day moving average of $82.97. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.77. The firm has a market cap of $5.16 billion, a price-to-earnings ratio of 17.05 and a beta of 0.56.

Maximus (NYSE:MMS) last announced its quarterly earnings data on Thursday, November 20th. The health services provider reported $1.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.01). The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.34 billion. Maximus had a return on equity of 25.23% and a net margin of 5.87%.The company’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.46 earnings per share. Maximus has set its FY 2026 guidance at 7.950-8.250 EPS. As a group, analysts anticipate that Maximus, Inc. will post 6.15 EPS for the current fiscal year.

Insider Buying and Selling at Maximus

In other news, insider Michelle F. Link sold 4,039 shares of Maximus stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $86.84, for a total value of $350,746.76. Following the transaction, the insider owned 19,542 shares in the company, valued at approximately $1,697,027.28. This trade represents a 17.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Arizona State Retirement System raised its stake in Maximus by 0.9% during the third quarter. Arizona State Retirement System now owns 16,674 shares of the health services provider’s stock worth $1,524,000 after acquiring an additional 156 shares in the last quarter. Parkside Financial Bank & Trust increased its position in Maximus by 21.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 879 shares of the health services provider’s stock worth $62,000 after purchasing an additional 157 shares in the last quarter. GAMMA Investing LLC lifted its stake in Maximus by 13.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,337 shares of the health services provider’s stock valued at $122,000 after purchasing an additional 163 shares during the last quarter. Trust Point Inc. boosted its position in Maximus by 3.7% in the third quarter. Trust Point Inc. now owns 5,286 shares of the health services provider’s stock valued at $483,000 after buying an additional 191 shares in the last quarter. Finally, Richardson Financial Services Inc. grew its stake in shares of Maximus by 123.1% during the third quarter. Richardson Financial Services Inc. now owns 348 shares of the health services provider’s stock worth $32,000 after buying an additional 192 shares during the last quarter. Institutional investors own 97.21% of the company’s stock.

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.