Royal Bank of Canada Sells 11,319 Shares of Maximus, Inc. $MMS

Royal Bank of Canada lessened its stake in shares of Maximus, Inc. (NYSE:MMS) by 22.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 39,121 shares of the health services provider’s stock after selling 11,319 shares during the quarter. Royal Bank of Canada’s holdings in Maximus were worth $2,507,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in MMS. Norges Bank bought a new stake in Maximus in the 4th quarter worth $60,393,000. River Road Asset Management LLC raised its position in Maximus by 236.1% during the 4th 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 during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Maximus by 218.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 583,627 shares of the health services provider’s stock worth $50,379,000 after buying an additional 400,315 shares during the period. Boston Partners lifted its holdings in Maximus by 47.0% in the 3rd quarter. Boston Partners now owns 966,139 shares of the health services provider’s stock worth $88,236,000 after buying an additional 308,892 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in shares of Maximus by 493.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 342,266 shares of the health services provider’s stock worth $29,544,000 after buying an additional 284,548 shares during the last quarter. Institutional investors own 97.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Wall Street Zen cut Maximus from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Zacks Research lowered Maximus from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. Finally, Weiss Ratings cut shares of Maximus from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 20th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Maximus has an average rating of “Reduce”.

Maximus Price Performance

MMS stock opened at $55.24 on Monday. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.42 and a quick ratio of 2.42. 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 of $58.05 and a 200 day moving average of $65.73. The company has a market cap of $2.89 billion, a P/E ratio of 8.16 and a beta of 0.59.

Maximus (NYSE:MMS) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $1.33 billion. Maximus had a return on equity of 24.91% and a net margin of 7.07%.The business’s revenue was down 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.16 EPS. Maximus has set its FY 2026 guidance at 7.900-8.200 EPS. On average, sell-side analysts forecast that Maximus, Inc. will post 8.01 EPS for the current year.

Maximus Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, August 14th. Maximus’s dividend payout ratio (DPR) is presently 19.50%.

Maximus 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.