Rice Hall James & Associates LLC Purchases Shares of 278,910 Maximus, Inc. $MMS

Rice Hall James & Associates LLC acquired a new stake in shares of Maximus, Inc. (NYSE:MMS) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 278,910 shares of the health services provider’s stock, valued at approximately $14,994,000.

Several other hedge funds also recently made changes to their positions in the business. Farther Finance Advisors LLC raised its holdings in shares of 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 purchasing an additional 116 shares in 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. grew its position in Maximus by 14.6% in 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Maximus by 0.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,476 shares of the health services provider’s stock worth $2,351,000 after buying an additional 221 shares during the last quarter. Finally, Larson Financial Group LLC increased its holdings in shares of Maximus by 13.8% in the third quarter. Larson Financial Group LLC now owns 1,869 shares of the health services provider’s stock valued at $171,000 after buying an additional 227 shares in the last quarter. Institutional investors and hedge funds own 97.21% of the company’s stock.

Maximus Price Performance

MMS opened at $54.43 on Tuesday. The stock has a fifty day moving average price of $57.94 and a 200 day moving average price of $65.43. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.90. Maximus, Inc. has a 1 year low of $52.73 and a 1 year high of $100.00. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of 8.04 and a beta of 0.59.

Maximus (NYSE:MMS) last issued its earnings results on Thursday, August 6th. The health services provider reported $2.22 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.01. Maximus had a return on equity of 24.91% and a net margin of 7.07%.The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the prior year, the firm posted $2.16 EPS. The business’s 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. Analysts forecast that Maximus, Inc. will post 8.01 EPS for the current fiscal year.

Maximus Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Zacks Research downgraded Maximus from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. Weiss Ratings cut Maximus from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 20th. Finally, Wall Street Zen downgraded Maximus from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Maximus 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.