Maximus, Inc. Announces Quarterly Dividend of $0.33 (NYSE:MMS)

Maximus, Inc. (NYSE:MMS) declared a quarterly dividend on Monday, July 6th. Shareholders of record on Friday, August 14th will be given a dividend of 0.33 per share by the health services provider on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Friday, August 14th.

Maximus has raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 2 years. Maximus has a payout ratio of 19.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Maximus to earn $8.86 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 14.9%.

Maximus Price Performance

Shares of Maximus stock traded up $0.28 on Monday, hitting $56.03. 593,627 shares of the company were exchanged, compared to its average volume of 750,101. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 7.24 and a beta of 0.60. The company has a 50-day moving average price of $60.19 and a 200 day moving average price of $72.58. Maximus has a 1-year low of $52.73 and a 1-year high of $100.00. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.87.

Maximus (NYSE:MMS) last posted its quarterly earnings results on Thursday, May 7th. The health services provider reported $2.07 EPS for the quarter, beating the consensus estimate 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 earnings per share. The business’s revenue for the quarter 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, sell-side analysts predict that Maximus will post 8.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Maximus

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Maximus during the fourth quarter worth about $60,393,000. River Road Asset Management LLC increased its stake 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 worth $71,064,000 after buying an additional 578,326 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Maximus by 218.4% during 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 in the last quarter. Boston Partners lifted its holdings in Maximus by 47.0% during 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 in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in 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 valued at $29,544,000 after buying an additional 284,548 shares during the period. Hedge funds and other institutional investors own 97.21% of the company’s stock.

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.