VIRGINIA RETIREMENT SYSTEMS ET Al Invests $2.44 Million in Maximus, Inc. $MMS

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Maximus, Inc. (NYSE:MMS) in the second quarter, Holdings Channel.com reports. The firm bought 45,400 shares of the health services provider’s stock, valued at approximately $2,441,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of MMS. Advisory Services Network LLC purchased a new stake in Maximus during the 3rd quarter valued at about $32,000. Canada Pension Plan Investment Board purchased a new position in Maximus in the 2nd quarter worth approximately $35,000. Northwestern Mutual Wealth Management Co. lifted its stake 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 worth $38,000 after purchasing an additional 304 shares in the last quarter. Global Retirement Partners LLC acquired a new position in shares of Maximus during the 2nd quarter worth approximately $40,000. Finally, Archer Investment Corp acquired a new position in shares of Maximus during the 2nd quarter worth approximately $43,000. 97.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Maximus Price Performance

Maximus stock opened at $56.58 on Friday. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.90. The company has a 50-day moving average price of $58.09 and a 200 day moving average price of $62.43. Maximus, Inc. has a 12-month low of $52.73 and a 12-month high of $100.00. The stock has a market cap of $2.96 billion, a P/E ratio of 8.36 and a beta of 0.59.

Maximus (NYSE:MMS) last posted its quarterly earnings results on Thursday, August 6th. The health services provider reported $2.22 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.01. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Maximus had a net margin of 7.07% and a return on equity of 24.91%. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.16 EPS. Maximus has set its FY 2026 guidance at 7.900-8.200 EPS. Sell-side analysts anticipate that Maximus, Inc. will post 8.03 earnings per share for the current year.

Maximus Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 14th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.3%. The ex-dividend date was Friday, August 14th. Maximus’s dividend payout ratio is presently 19.50%.

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.