Principal Financial Group Inc. Purchases 53,231 Shares of Maximus, Inc. $MMS

Principal Financial Group Inc. lifted its position in shares of Maximus, Inc. (NYSE:MMS) by 30.7% during the first quarter, Holdings Channel.com reports. The firm owned 226,399 shares of the health services provider’s stock after acquiring an additional 53,231 shares during the period. Principal Financial Group Inc.’s holdings in Maximus were worth $14,512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in MMS. Norges Bank purchased a new stake in Maximus during the fourth quarter worth $60,393,000. River Road Asset Management LLC grew its position in Maximus by 236.1% during the fourth quarter. River Road Asset Management LLC now owns 823,262 shares of the health services provider’s stock valued at $71,064,000 after buying an additional 578,326 shares during the period. Goldman Sachs Group Inc. increased its holdings in Maximus by 218.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 583,627 shares of the health services provider’s stock valued at $50,379,000 after buying an additional 400,315 shares in the last quarter. Boston Partners raised its position in shares of Maximus by 47.0% in the third quarter. Boston Partners now owns 966,139 shares of the health services provider’s stock worth $88,236,000 after acquiring an additional 308,892 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in shares of Maximus by 493.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 342,266 shares of the health services provider’s stock worth $29,544,000 after acquiring an additional 284,548 shares during the period. 97.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MMS has been the topic of a number of analyst reports. Zacks Research cut Maximus from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings cut Maximus from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 20th. Finally, Wall Street Zen raised Maximus from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Maximus Price Performance

MMS stock opened at $57.31 on Friday. The business’s fifty day moving average price is $58.56 and its 200 day moving average price is $69.87. Maximus, Inc. has a 12-month low of $52.73 and a 12-month high of $100.00. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $3.01 billion, a PE ratio of 8.58 and a beta of 0.60.

Maximus (NYSE:MMS) last announced its earnings results on Thursday, May 7th. The health services provider reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.09. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Maximus had a return on equity of 25.10% and a net margin of 7.02%.Maximus’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same period last year, the business posted $2.01 EPS. Maximus has set its FY 2026 guidance at 8.250-8.550 EPS. On average, sell-side analysts anticipate that Maximus, Inc. will post 8.43 EPS for the current year.

Maximus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.32 annualized dividend and a dividend yield of 2.3%. Maximus’s dividend payout ratio (DPR) is presently 19.76%.

Maximus Company Profile

Maximus, Inc (NYSE: MMS) is a global provider of government services focused on delivering health and human services programs. The company partners with federal, state, and local agencies to administer and manage programs that support individuals and families across various stages of life. Key service areas include eligibility determination and enrollment services for Medicaid, Medicare, Children’s Health Insurance Program (CHIP) and other public assistance programs, as well as call center operations, case management and program integrity solutions.