Maximus (NYSE:MMS) Hits New 52-Week Low – What’s Next?

Maximus, Inc. (NYSE:MMS)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $54.34 and last traded at $54.1330, with a volume of 13934 shares changing hands. The stock had previously closed at $55.74.

Wall Street Analyst Weigh In

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

Maximus Price Performance

The stock has a 50-day simple moving average of $62.53 and a 200 day simple moving average of $74.45. The stock has a market capitalization of $2.94 billion, a P/E ratio of 8.37 and a beta of 0.58. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.21 and a current ratio of 2.21.

Maximus (NYSE:MMS) last released its earnings results on Thursday, May 7th. The health services provider reported $2.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.09. Maximus had a return on equity of 25.10% and a net margin of 7.02%.The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the company posted $2.01 earnings per share. The firm’s quarterly revenue was down 4.1% on a year-over-year basis. Maximus has set its FY 2026 guidance at 8.250-8.550 EPS. On average, equities analysts forecast that Maximus, Inc. will post 8.43 earnings per share for the current fiscal year.

Maximus Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Friday, May 15th. Maximus’s payout ratio is currently 19.76%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC raised its stake 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 buying an additional 116 shares during the last quarter. Advisory Services Network LLC acquired a new position in Maximus in the third quarter valued at approximately $32,000. Canada Pension Plan Investment Board bought a new position in Maximus in the second quarter valued at approximately $35,000. Northwestern Mutual Wealth Management Co. boosted its stake in 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 acquiring an additional 304 shares during the last quarter. Finally, Richardson Financial Services Inc. grew its holdings in Maximus by 29.6% during the 4th quarter. Richardson Financial Services Inc. now owns 451 shares of the health services provider’s stock worth $39,000 after acquiring an additional 103 shares during the period. 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.