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

Royal Bank of Canada trimmed its holdings in Maximus, Inc. (NYSE:MMS) by 22.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,121 shares of the health services provider’s stock after selling 11,319 shares during the period. Royal Bank of Canada owned approximately 0.07% of Maximus worth $2,507,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of MMS. Farther Finance Advisors LLC lifted its position in shares of Maximus by 69.0% during the fourth quarter. Farther Finance Advisors LLC now owns 284 shares of the health services provider’s stock worth $25,000 after acquiring an additional 116 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Maximus in the third quarter worth $32,000. Canada Pension Plan Investment Board purchased a new position in shares of Maximus in the second quarter valued at $35,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Maximus by 225.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 439 shares of the health services provider’s stock valued at $38,000 after purchasing an additional 304 shares in the last quarter. Finally, Danske Bank A S purchased a new position in shares of Maximus in the third quarter valued at $55,000. Institutional investors own 97.21% of the company’s stock.

Maximus Stock Down 0.1%

Shares of NYSE:MMS opened at $55.24 on Monday. The firm has a fifty day moving average price of $58.05 and a two-hundred day moving average price of $65.73. 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 one year low of $52.73 and a one year high of $100.00. The company has a market cap of $2.89 billion, a price-to-earnings ratio of 8.16 and a beta of 0.59.

Maximus (NYSE:MMS) last released its quarterly earnings results on Thursday, August 6th. The health services provider reported $2.22 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 analyst estimates 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 period in the previous year, the business earned $2.16 EPS. Maximus has set its FY 2026 guidance at 7.900-8.200 EPS. Analysts anticipate that Maximus, Inc. will post 8.01 EPS for the current fiscal year.

Maximus Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, August 14th. Maximus’s payout ratio is currently 19.50%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Zacks Research cut Maximus from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. Wall Street Zen lowered Maximus from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Weiss Ratings lowered 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. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce”.

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.