Maximus (NYSE:MMS) Stock Price Up 5.6% – Here’s What Happened

Maximus, Inc. (NYSE:MMS)’s stock price rose 5.6% on Thursday . The stock traded as high as $84.27 and last traded at $82.14. Approximately 526,219 shares traded hands during trading, a decline of 6% from the average daily volume of 562,586 shares. The stock had previously closed at $77.76.

Analyst Ratings Changes

MMS has been the subject of several recent analyst reports. Weiss Ratings raised shares of Maximus from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. Zacks Research lowered shares of Maximus from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $90.00.

Maximus Trading Up 6.1%

The stock’s 50 day moving average price is $86.11 and its 200-day moving average price is $79.33. The stock has a market capitalization of $4.65 billion, a P/E ratio of 15.14 and a beta of 0.57. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 0.91.

Maximus (NYSE:MMS) last issued its quarterly earnings data on Thursday, November 20th. The health services provider reported $1.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.01). Maximus had a return on equity of 24.44% and a net margin of 5.83%.The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter last year, the company earned $1.46 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year. Maximus has set its FY 2026 guidance at 7.950-8.250 EPS. As a group, equities research analysts expect that Maximus, Inc. will post 6.15 earnings per share for the current year.

Maximus Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, November 14th. Maximus’s payout ratio is 22.10%.

Insider Activity at Maximus

In other news, insider Michelle F. Link sold 1,610 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $90.86, for a total transaction of $146,284.60. Following the completion of the sale, the insider owned 13,508 shares of the company’s stock, valued at $1,227,336.88. This represents a 10.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is owned by corporate insiders.

Institutional Trading of Maximus

Several institutional investors and hedge funds have recently bought and sold shares of MMS. Richardson Financial Services Inc. lifted its holdings in shares of Maximus by 123.1% in the 3rd quarter. Richardson Financial Services Inc. now owns 348 shares of the health services provider’s stock worth $32,000 after acquiring an additional 192 shares during the last quarter. Advisory Services Network LLC acquired a new position in Maximus during the third quarter worth $32,000. Canada Pension Plan Investment Board purchased a new position in shares of Maximus during the second quarter worth $35,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Maximus by 17,533.3% during the first quarter. Caitong International Asset Management Co. Ltd now owns 529 shares of the health services provider’s stock worth $36,000 after buying an additional 526 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of Maximus in the third quarter valued at $38,000. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

About Maximus

Maximus, Inc operates as a provider of government services in the United States and internationally. It operates through three segments: U.S. Federal Services, U.S. Services, and Outside the U.S. The U.S. Services segment offers program eligibility support and enrollment; centralized multilingual customer contact centers, multichannel, and digital self-service options for enrollment; application assistance and independent health plan choice counseling; beneficiary outreach, education, eligibility, enrollment, and redeterminations; and person-centered independent disability, long-term sick, and other health assessments.