Ritholtz Wealth Management Buys New Holdings in Maximus, Inc. $MMS

Ritholtz Wealth Management purchased a new position in shares of Maximus, Inc. (NYSE:MMS) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,508 shares of the health services provider’s stock, valued at approximately $609,000.

Several other institutional investors and hedge funds have also bought and sold shares of MMS. Farther Finance Advisors LLC increased its stake in shares of Maximus by 69.0% in the fourth quarter. Farther Finance Advisors LLC now owns 284 shares of the health services provider’s stock worth $25,000 after acquiring an additional 116 shares during the period. Advisory Services Network LLC purchased a new position in shares of Maximus during the third quarter worth $32,000. Canada Pension Plan Investment Board acquired a new position in Maximus during the second quarter valued at $35,000. Northwestern Mutual Wealth Management Co. lifted its position in Maximus by 225.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 439 shares of the health services provider’s stock valued at $38,000 after purchasing an additional 304 shares during the period. Finally, Richardson Financial Services Inc. boosted its holdings in Maximus by 29.6% in the fourth quarter. Richardson Financial Services Inc. now owns 451 shares of the health services provider’s stock valued at $39,000 after purchasing an additional 103 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Maximus Trading Down 1.3%

Shares of Maximus stock opened at $53.73 on Wednesday. The firm has a 50-day simple moving average of $61.15 and a two-hundred day simple moving average of $73.44. The company has a market cap of $2.82 billion, a P/E ratio of 8.04 and a beta of 0.58. Maximus, Inc. has a fifty-two week low of $52.73 and a fifty-two week high of $100.00. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.21 and a current ratio of 2.21.

Maximus (NYSE:MMS) last posted its earnings results on Thursday, May 7th. The health services provider reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.09. Maximus had a return on equity of 25.10% and a net margin of 7.02%.The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the firm earned $2.01 EPS. The company’s quarterly revenue was down 4.1% on a year-over-year basis. Maximus has set its FY 2026 guidance at 8.250-8.550 EPS. As a group, equities analysts predict 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 was paid on Monday, June 1st. Investors of record on Friday, May 15th were paid a $0.33 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.32 dividend on an annualized basis and a yield of 2.5%. Maximus’s dividend payout ratio (DPR) is currently 19.76%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on MMS shares. Zacks Research downgraded Maximus from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Wall Street Zen raised Maximus from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Finally, Weiss Ratings downgraded Maximus from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 20th. Two investment analysts have rated the stock with a Hold rating, Based on 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.