Rice Hall James & Associates LLC Acquires 30,756 Shares of Maximus, Inc. $MMS

Rice Hall James & Associates LLC lifted its holdings in shares of Maximus, Inc. (NYSE:MMS) by 16.8% during the 4th quarter, Holdings Channel reports. The firm owned 213,995 shares of the health services provider’s stock after purchasing an additional 30,756 shares during the period. Rice Hall James & Associates LLC’s holdings in Maximus were worth $18,472,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of Maximus by 19.8% during the third quarter. JPMorgan Chase & Co. now owns 200,331 shares of the health services provider’s stock worth $18,304,000 after purchasing an additional 33,136 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Maximus by 2.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,869,573 shares of the health services provider’s stock worth $170,812,000 after purchasing an additional 36,989 shares during the period. Divisadero Street Capital Management LP increased its holdings in shares of Maximus by 93.5% during the third quarter. Divisadero Street Capital Management LP now owns 183,872 shares of the health services provider’s stock worth $16,800,000 after purchasing an additional 88,872 shares during the period. WINTON GROUP Ltd bought a new position in shares of Maximus during the third quarter worth approximately $6,208,000. Finally, Assenagon Asset Management S.A. bought a new position in shares of Maximus during the fourth quarter worth approximately $15,673,000. 97.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MMS. Zacks Research cut shares of Maximus from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Wall Street Zen raised shares of Maximus from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Finally, Weiss Ratings cut shares of Maximus from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 20th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, Maximus presently has an average rating of “Hold”.

Maximus Stock Performance

Shares of NYSE:MMS opened at $61.19 on Tuesday. The company’s 50 day simple moving average is $63.44 and its 200 day simple moving average is $75.68. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of 9.16 and a beta of 0.58. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.21 and a quick ratio of 2.21. Maximus, Inc. has a 1 year low of $56.92 and a 1 year high of $100.00.

Maximus (NYSE:MMS) last announced its quarterly earnings data on Thursday, May 7th. The health services provider reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.09. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Maximus had a net margin of 7.02% and a return on equity of 25.10%. The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same period last year, the firm posted $2.01 earnings per share. Maximus has set its FY 2026 guidance at 8.250-8.550 EPS. As a group, research analysts predict that Maximus, Inc. will post 8.43 EPS for the current fiscal year.

Maximus Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, May 15th. Maximus’s payout ratio is presently 19.76%.

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.