American Century Companies Inc. Sells 6,112 Shares of Maximus, Inc. $MMS

American Century Companies Inc. reduced its stake in Maximus, Inc. (NYSE:MMS) by 28.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,435 shares of the health services provider’s stock after selling 6,112 shares during the period. American Century Companies Inc.’s holdings in Maximus were worth $1,053,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Dimensional Fund Advisors LP grew its position in shares of Maximus by 20.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,695,582 shares of the health services provider’s stock valued at $115,620,000 after purchasing an additional 288,990 shares in the last quarter. Boston Partners bought a new position in Maximus during the first quarter valued at approximately $20,983,000. Caitong International Asset Management Co. Ltd grew its holdings in Maximus by 17,533.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 529 shares of the health services provider’s stock valued at $36,000 after buying an additional 526 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Maximus by 103.5% in the 1st quarter. Russell Investments Group Ltd. now owns 79,593 shares of the health services provider’s stock worth $5,427,000 after acquiring an additional 40,487 shares during the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of Maximus by 61.1% during the 1st quarter. HighTower Advisors LLC now owns 5,960 shares of the health services provider’s stock worth $406,000 after acquiring an additional 2,261 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Maximus Price Performance

MMS stock opened at $88.48 on Thursday. The stock has a market cap of $4.99 billion, a PE ratio of 16.29 and a beta of 0.61. Maximus, Inc. has a 12 month low of $63.77 and a 12 month high of $93.94. The company has a 50-day moving average price of $77.50 and a 200 day moving average price of $72.08. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 0.91.

Maximus (NYSE:MMS) last announced its quarterly earnings data on Thursday, August 7th. The health services provider reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.77. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.29 billion. Maximus had a net margin of 5.83% and a return on equity of 24.44%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.74 earnings per share. Maximus has set its FY 2025 guidance at 7.350-7.550 EPS. Equities research analysts anticipate that Maximus, Inc. will post 6.15 earnings per share for the current year.

Maximus Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, August 31st. Shareholders of record on Friday, August 15th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, August 15th. Maximus’s payout ratio is 22.10%.

Wall Street Analysts Forecast Growth

MMS has been the topic of several research reports. Zacks Research upgraded shares of Maximus from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 26th. Wall Street Zen lowered shares of Maximus from a “buy” rating to a “hold” rating in a research report on Thursday, May 15th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat.com, Maximus has a consensus rating of “Strong Buy” and an average price target of $90.00.

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.