Louisiana State Employees Retirement System Buys New Position in Maximus, Inc. $MMS

Louisiana State Employees Retirement System bought a new stake in Maximus, Inc. (NYSE:MMS) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 15,800 shares of the health services provider’s stock, valued at approximately $1,013,000.

Other hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC raised its position 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 valued at $25,000 after buying an additional 116 shares during the last quarter. Advisory Services Network LLC acquired a new stake in Maximus during the third quarter worth approximately $32,000. Northwestern Mutual Wealth Management Co. boosted 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 worth $38,000 after acquiring an additional 304 shares during the last quarter. Richardson Financial Services Inc. grew its stake in Maximus by 29.6% in the 4th quarter. Richardson Financial Services Inc. now owns 451 shares of the health services provider’s stock worth $39,000 after acquiring an additional 103 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new stake in Maximus in the 2nd quarter worth approximately $35,000. 97.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MMS. Zacks Research lowered Maximus from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Weiss Ratings downgraded Maximus from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 20th. Finally, Wall Street Zen upgraded Maximus from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Maximus Price Performance

Maximus stock opened at $55.80 on Friday. Maximus, Inc. has a 1 year low of $52.73 and a 1 year high of $100.00. The firm has a 50 day moving average price of $60.38 and a 200 day moving average price of $72.90. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 8.35 and a beta of 0.60. 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 quarterly earnings results on Thursday, May 7th. The health services provider reported $2.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.09. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.32 billion. Maximus had a net margin of 7.02% and a return on equity of 25.10%. Maximus’s revenue was down 4.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.01 earnings per share. Maximus has set its FY 2026 guidance at 8.250-8.550 EPS. Sell-side analysts predict that Maximus, Inc. will post 8.43 earnings per share for the current year.

Maximus Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Friday, May 15th. Maximus’s payout ratio is 19.76%.

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.