Candriam S.C.A. Increases Stock Holdings in Maximus, Inc. $MMS

Candriam S.C.A. raised its position in shares of Maximus, Inc. (NYSE:MMS) by 16.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 92,725 shares of the health services provider’s stock after acquiring an additional 13,376 shares during the quarter. Candriam S.C.A. owned approximately 0.17% of Maximus worth $5,944,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. QRG Capital Management Inc. boosted its stake in Maximus by 9.3% in the 1st quarter. QRG Capital Management Inc. now owns 3,240 shares of the health services provider’s stock worth $208,000 after purchasing an additional 277 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new stake in Maximus during the 1st quarter valued at about $4,195,000. Y Intercept Hong Kong Ltd increased its stake in Maximus by 198.8% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 69,073 shares of the health services provider’s stock valued at $4,428,000 after purchasing an additional 45,953 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in shares of Maximus in the first quarter worth approximately $219,000. Finally, 1492 Capital Management LLC grew its position in Maximus by 62.4% in the 1st quarter. 1492 Capital Management LLC now owns 6,131 shares of the health services provider’s stock worth $393,000 after purchasing an additional 2,355 shares during the period. 97.21% of the stock is owned by hedge funds and other institutional investors.

Maximus Stock Up 2.9%

Shares of NYSE MMS opened at $58.28 on Tuesday. The stock’s fifty day simple moving average is $59.37 and its two-hundred day simple moving average is $71.50. Maximus, Inc. has a 12-month low of $52.73 and a 12-month high of $100.00. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $3.06 billion, a PE ratio of 8.72 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, topping 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 during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter last year, the firm earned $2.01 EPS. The business’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, analysts expect that Maximus, Inc. will post 8.43 EPS for the current fiscal year.

Maximus Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, August 14th. Maximus’s payout ratio is currently 19.76%.

Analyst Upgrades and Downgrades

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