83,488 Shares in Maximus, Inc. $MMS Purchased by Legal & General Group Plc

Legal & General Group Plc acquired a new position in Maximus, Inc. (NYSE:MMS) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 83,488 shares of the health services provider’s stock, valued at approximately $4,488,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MMS. BlackRock Inc. bought a new position in shares of Maximus in the 2nd quarter worth $400,186,000. Reinhart Partners LLC. grew its holdings in Maximus by 131.8% during the second quarter. Reinhart Partners LLC. now owns 1,982,415 shares of the health services provider’s stock valued at $106,575,000 after purchasing an additional 1,127,346 shares during the period. Norges Bank bought a new stake in Maximus in the fourth quarter valued at approximately $60,393,000. River Road Asset Management LLC increased its stake in Maximus by 236.1% in the fourth quarter. River Road Asset Management LLC now owns 823,262 shares of the health services provider’s stock valued at $71,064,000 after purchasing an additional 578,326 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in Maximus in the second quarter worth $26,239,000. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Maximus Trading Down 1.5%

Shares of Maximus stock opened at $57.56 on Friday. The stock has a market cap of $3.01 billion, a P/E ratio of 8.50 and a beta of 0.59. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.90. Maximus, Inc. has a 12-month low of $52.73 and a 12-month high of $100.00. The business’s 50 day moving average is $57.91 and its 200-day moving average is $63.01.

Maximus (NYSE:MMS) last announced its quarterly earnings results on Thursday, August 6th. The health services provider reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.01. Maximus had a return on equity of 24.91% and a net margin of 7.07%.The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the previous year, the business earned $2.16 earnings per share. The business’s revenue was down 5.1% compared to the same quarter last year. Maximus has set its FY 2026 guidance at 7.900-8.200 EPS. Equities research analysts predict that Maximus, Inc. will post 8.03 earnings per share for the current fiscal year.

Maximus Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 14th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.32 annualized dividend and a dividend yield of 2.3%. Maximus’s dividend payout ratio (DPR) is currently 19.50%.

Analyst Ratings Changes

Several research firms have recently weighed in on MMS. Wall Street Zen cut Maximus from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Zacks Research downgraded shares of Maximus from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Maximus in a report on Monday, August 17th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Maximus currently has an average rating of “Reduce”.

Maximus Company Profile

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.