SG Americas Securities LLC Buys 56,661 Shares of Maximus, Inc. $MMS

SG Americas Securities LLC grew its stake in shares of Maximus, Inc. (NYSE:MMS) by 351.9% during the first quarter, Holdings Channel reports. The institutional investor owned 72,764 shares of the health services provider’s stock after buying an additional 56,661 shares during the period. SG Americas Securities LLC’s holdings in Maximus were worth $4,664,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in MMS. Farther Finance Advisors LLC increased its holdings in Maximus by 69.0% in the 4th 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 stake in Maximus during the 3rd quarter worth approximately $32,000. Canada Pension Plan Investment Board purchased a new position in Maximus during the second quarter valued at approximately $35,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Maximus by 225.2% during 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, Richardson Financial Services Inc. boosted its position in shares of Maximus by 29.6% in the fourth 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 period. 97.21% of the stock is currently owned by institutional investors.

Maximus Trading Down 0.2%

Shares of MMS stock opened at $54.40 on Tuesday. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 8.14 and a beta of 0.58. Maximus, Inc. has a 12-month low of $53.40 and a 12-month high of $100.00. The stock’s 50-day moving average price is $61.46 and its 200-day moving average price is $73.65.

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

Maximus Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were given 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 was Friday, May 15th. Maximus’s dividend payout ratio is currently 19.76%.

Analyst Upgrades and Downgrades

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

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.