Maximus, Inc. $MMS Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP reduced its holdings in shares of Maximus, Inc. (NYSE:MMS) by 25.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 215,834 shares of the health services provider’s stock after selling 74,807 shares during the period. Wellington Management Group LLP’s holdings in Maximus were worth $11,603,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in MMS. Farther Finance Advisors LLC boosted its position in Maximus by 69.0% in the 4th quarter. Farther Finance Advisors LLC now owns 284 shares of the health services provider’s stock valued at $25,000 after buying an additional 116 shares during the period. Advisory Services Network LLC purchased a new position in shares of Maximus in the 3rd quarter valued at about $32,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Maximus by 225.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 439 shares of the health services provider’s stock worth $38,000 after buying an additional 304 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Maximus during the second quarter worth about $35,000. Finally, Danske Bank A S purchased a new stake in shares of Maximus during the third quarter worth approximately $55,000. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Maximus Price Performance

Shares of NYSE MMS opened at $57.56 on Tuesday. The stock’s 50-day simple moving average is $57.97 and its 200-day simple moving average is $62.82. The firm has a market capitalization of $3.01 billion, a PE ratio of 8.50 and a beta of 0.59. Maximus, Inc. has a fifty-two week low of $52.73 and a fifty-two week high of $100.00. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.42 and a current ratio of 2.42.

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

Maximus Dividend Announcement

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

Wall Street Analyst Weigh In

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