LPL Financial LLC Buys 753 Shares of Maximus, Inc. (NYSE:MMS)

Posted by Defense World Staff on May 13th, 2023

LPL Financial LLC boosted its stake in shares of Maximus, Inc. (NYSE:MMS – Get Rating) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,688 shares of the health services provider’s stock after purchasing an additional 753 shares during the quarter. LPL Financial LLC owned about 0.19% of Maximus worth $8,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in MMS. Captrust Financial Advisors boosted its holdings in Maximus by 14.9% in the second quarter. Captrust Financial Advisors now owns 1,303 shares of the health services provider’s stock worth $81,000 after acquiring an additional 169 shares in the last quarter. Formidable Asset Management LLC boosted its holdings in Maximus by 2.4% in the third quarter. Formidable Asset Management LLC now owns 7,581 shares of the health services provider’s stock worth $439,000 after acquiring an additional 179 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Maximus by 4.5% in the first quarter. Cetera Investment Advisers now owns 4,253 shares of the health services provider’s stock worth $319,000 after acquiring an additional 184 shares in the last quarter. Inspire Investing LLC boosted its holdings in Maximus by 5.5% in the third quarter. Inspire Investing LLC now owns 3,584 shares of the health services provider’s stock worth $207,000 after acquiring an additional 187 shares in the last quarter. Finally, State of Michigan Retirement System boosted its holdings in Maximus by 1.3% in the fourth quarter. State of Michigan Retirement System now owns 15,418 shares of the health services provider’s stock worth $1,131,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 97.41% of the company’s stock.

Maximus Stock Up 0.7 %

Shares of MMS stock opened at $79.50 on Friday. The stock has a 50 day moving average of $79.60 and a 200 day moving average of $74.57. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.75. The stock has a market cap of $4.83 billion, a P/E ratio of 28.29 and a beta of 0.69. Maximus, Inc. has a twelve month low of $54.46 and a twelve month high of $85.25.

Maximus (NYSE:MMS – Get Rating) last posted its quarterly earnings data on Wednesday, May 3rd. The health services provider reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.02. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Maximus had a return on equity of 15.37% and a net margin of 3.62%. The business’s revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.07 earnings per share. As a group, sell-side analysts expect that Maximus, Inc. will post 4.29 EPS for the current year.

Maximus Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 31st. Investors of record on Monday, May 15th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.41%. The ex-dividend date is Friday, May 12th. Maximus’s dividend payout ratio is currently 39.86%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MMS shares. StockNews.com raised Maximus from a “hold” rating to a “buy” rating in a report on Friday, May 5th. Raymond James lifted their target price on Maximus from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, February 9th.

Maximus Company Profile

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MAXIMUS, Inc engages in the operation of government health and human services programs, and the provision of technology solutions to government. It operates through the following segments: U.S. Services, U.S. Federal Services, and Outside the U.S. The U.S. Services segment offers business process services (BPS), appeals and assessments, and related consulting work for U.S.