Healthcare of Ontario Pension Plan Trust Fund Purchases Shares of 65,161 Maximus, Inc. $MMS

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Maximus, Inc. (NYSE:MMS) during the 1st quarter, Holdings Channel.com reports. The fund acquired 65,161 shares of the health services provider’s stock, valued at approximately $4,177,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC raised 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 valued at $25,000 after purchasing an additional 116 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Maximus during the third quarter worth $32,000. Northwestern Mutual Wealth Management Co. increased its holdings in Maximus by 225.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 439 shares of the health services provider’s stock valued at $38,000 after buying an additional 304 shares during the period. Richardson Financial Services Inc. increased its holdings in Maximus by 29.6% in the 4th quarter. Richardson Financial Services Inc. now owns 451 shares of the health services provider’s stock valued at $39,000 after buying an additional 103 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Maximus in the 2nd quarter valued at $35,000. 97.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Maximus Price Performance

Maximus stock opened at $60.63 on Friday. The business’s fifty day moving average is $58.70 and its two-hundred day moving average is $68.77. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.21 and a current ratio of 2.21. The firm has a market cap of $3.19 billion, a P/E ratio of 9.08 and a beta of 0.60. Maximus, Inc. has a 52 week low of $52.73 and a 52 week high of $100.00.

Maximus (NYSE:MMS) last announced its 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. Maximus had a net margin of 7.02% and a return on equity of 25.10%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the firm posted $2.01 earnings per share. The company’s revenue was down 4.1% on a year-over-year basis. Maximus has set its FY 2026 guidance at 8.250-8.550 EPS. Equities research analysts forecast that Maximus, Inc. will post 8.43 earnings per share for the current fiscal year.

Maximus Announces Dividend

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 given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, August 14th. Maximus’s dividend payout ratio (DPR) is currently 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.