Maximus, Inc. (NYSE:MMS) Announces Quarterly Dividend of $0.33

Maximus, Inc. (NYSE:MMS) declared a quarterly dividend on Monday, October 5th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.33 per share by the health services provider on Monday, November 30th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, November 13th.

Maximus has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Maximus has a payout ratio of 19.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Maximus to earn $8.36 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 15.8%.

Maximus Trading Up 3.4%

Shares of Maximus stock traded up $1.76 on Monday, hitting $54.41. 731,514 shares of the company’s stock traded hands, compared to its average volume of 726,991. Maximus has a one year low of $51.04 and a one year high of $100.00. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.42 and a quick ratio of 2.42. The company has a fifty day moving average of $57.18 and a two-hundred day moving average of $60.09. The company has a market capitalization 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 analysts’ consensus estimates of $2.21 by $0.01. Maximus had a return on equity of 24.91% and a net margin of 7.07%.The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the company posted $2.16 earnings per share. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. Maximus has set its FY 2026 guidance at 7.900-8.200 EPS. As a group, sell-side analysts expect that Maximus will post 8.03 earnings per share for the current year.

Insider Transactions at Maximus

In other Maximus news, insider Michelle Link sold 3,208 shares of the business’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $54.23, for a total transaction of $173,969.84. Following the completion of the sale, the insider owned 13,881 shares in the company, valued at approximately $752,766.63. The trade was a 18.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MMS. Sequoia Financial Advisors LLC acquired a new stake in shares of Maximus in the 2nd quarter worth about $294,000. WINTON GROUP Ltd lifted its position in Maximus by 1,992.2% in the 2nd quarter. WINTON GROUP Ltd now owns 83,687 shares of the health services provider’s stock valued at $4,499,000 after acquiring an additional 79,687 shares in the last quarter. Engineers Gate Manager LP acquired a new position in Maximus during the 2nd quarter valued at about $2,075,000. Integrated Wealth Concepts LLC bought a new stake in Maximus during the 2nd quarter worth approximately $34,000. Finally, Squarepoint Ops LLC increased its holdings in Maximus by 723.0% during the 2nd quarter. Squarepoint Ops LLC now owns 219,301 shares of the health services provider’s stock worth $11,790,000 after purchasing an additional 192,655 shares in the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

About Maximus

Maximus, Inc (NYSE:MMS) is a provider of government services and technology-enabled solutions. The company partners with federal, state, provincial and local governments to administer public programs, improve service delivery and support interactions between governments and the people they serve.

Its business activities include health and human services administration, employment and workforce services, child support and eligibility services, customer contact centers, program management, consulting and digital transformation.