Maximus, Inc. $MMS Stake Raised by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund raised its holdings in Maximus, Inc. (NYSE:MMS) by 77.7% in the first quarter, Holdings Channel.com reports. The fund owned 42,604 shares of the health services provider’s stock after acquiring an additional 18,631 shares during the period. Illinois Municipal Retirement Fund’s holdings in Maximus were worth $2,731,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Richardson Financial Services Inc. grew its stake in shares of Maximus by 29.6% in the 4th quarter. Richardson Financial Services Inc. now owns 451 shares of the health services provider’s stock worth $39,000 after purchasing an additional 103 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Maximus by 69.0% during the fourth quarter. Farther Finance Advisors LLC now owns 284 shares of the health services provider’s stock valued at $25,000 after purchasing an additional 116 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in Maximus by 13.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,268 shares of the health services provider’s stock worth $109,000 after buying an additional 150 shares in the last quarter. Blue Trust Inc. boosted its holdings in Maximus by 14.6% during the first quarter. Blue Trust Inc. now owns 1,321 shares of the health services provider’s stock worth $85,000 after buying an additional 168 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Maximus by 13.8% in the fourth quarter. GAMMA Investing LLC now owns 1,522 shares of the health services provider’s stock worth $131,000 after buying an additional 185 shares during the last quarter. Institutional investors own 97.21% of the company’s stock.

Wall Street Analyst Weigh In

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

Maximus Stock Performance

Shares of MMS opened at $58.18 on Monday. Maximus, Inc. has a 52 week low of $52.73 and a 52 week high of $100.00. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.21 and a current ratio of 2.21. The company has a market capitalization of $3.06 billion, a PE ratio of 8.71 and a beta of 0.60. The company’s 50 day moving average price is $58.81 and its 200 day moving average price is $70.69.

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, topping the consensus estimate of $1.98 by $0.09. Maximus had a return on equity of 25.10% and a net margin of 7.02%.The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the company earned $2.01 earnings per share. Maximus’s quarterly revenue was down 4.1% compared to the same quarter last year. Maximus has set its FY 2026 guidance at 8.250-8.550 EPS. Research analysts expect that Maximus, Inc. will post 8.43 EPS for the current fiscal year.

Maximus Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, August 14th. Maximus’s payout ratio is currently 19.76%.

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.