VIRGINIA RETIREMENT SYSTEMS ET Al Takes $2.44 Million Position in Maximus, Inc. $MMS

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Maximus, Inc. (NYSE:MMS) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 45,400 shares of the health services provider’s stock, valued at approximately $2,441,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.09% of Maximus at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Maximus during the 2nd quarter worth about $400,186,000. California State Teachers Retirement System lifted its holdings in shares of Maximus by 5,229.9% in the 2nd quarter. California State Teachers Retirement System now owns 3,365,376 shares of the health services provider’s stock valued at $180,923,000 after buying an additional 3,302,234 shares during the period. Reinhart Partners LLC. boosted its stake in shares of Maximus by 131.8% in the second quarter. Reinhart Partners LLC. now owns 1,982,415 shares of the health services provider’s stock worth $106,575,000 after buying an additional 1,127,346 shares during the last quarter. Norges Bank acquired a new stake in Maximus during the fourth quarter worth about $60,393,000. Finally, Bank of America Corp DE purchased a new position in Maximus during the second quarter valued at approximately $31,487,000. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Maximus Stock Up 0.8%

MMS stock opened at $56.58 on Friday. The stock has a market capitalization of $2.96 billion, a P/E ratio of 8.36 and a beta of 0.59. The firm has a 50-day simple moving average of $58.09 and a 200-day simple moving average of $62.43. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.90. Maximus, Inc. has a 52 week low of $52.73 and a 52 week high of $100.00.

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

Maximus Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 14th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Friday, August 14th. Maximus’s dividend payout ratio (DPR) is 19.50%.

Analyst Ratings Changes

MMS has been the subject of a number of analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Maximus in a report on Monday, August 17th. Wall Street Zen cut Maximus from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Zacks Research downgraded Maximus from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Maximus currently has an average rating of “Reduce”.

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.