Exchange Traded Concepts LLC Acquires 228 Shares of Maximus, Inc. $MMS

Exchange Traded Concepts LLC grew its holdings in Maximus, Inc. (NYSE:MMS) by 2.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,870 shares of the health services provider’s stock after purchasing an additional 228 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Maximus were worth $833,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd boosted its stake 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 worth $36,000 after acquiring an additional 526 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Maximus by 70.2% in the first quarter. UMB Bank n.a. now owns 606 shares of the health services provider’s stock valued at $41,000 after purchasing an additional 250 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Maximus by 67.1% in the first quarter. GAMMA Investing LLC now owns 732 shares of the health services provider’s stock valued at $50,000 after purchasing an additional 294 shares during the last quarter. NBC Securities Inc. increased its holdings in Maximus by 114,900.0% during the first quarter. NBC Securities Inc. now owns 1,150 shares of the health services provider’s stock worth $78,000 after buying an additional 1,149 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in Maximus by 32.8% during the first quarter. Blue Trust Inc. now owns 1,228 shares of the health services provider’s stock worth $84,000 after buying an additional 303 shares during the last quarter. Institutional investors own 97.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Maximus from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat.com, Maximus presently has a consensus rating of “Strong Buy” and an average target price of $90.00.

Maximus Trading Down 1.6%

MMS opened at $87.35 on Wednesday. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $4.92 billion, a price-to-earnings ratio of 16.09 and a beta of 0.61. Maximus, Inc. has a twelve month low of $63.77 and a twelve month high of $93.94. The company has a 50-day simple moving average of $82.24 and a 200 day simple moving average of $74.18.

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

Maximus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, August 31st. Investors of record on Friday, August 15th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Friday, August 15th. Maximus’s dividend payout ratio (DPR) is 22.10%.

Maximus Profile

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.