Sound Income Strategies LLC Makes New Investment in Maximus, Inc. $MMS

Sound Income Strategies LLC purchased a new stake in shares of Maximus, Inc. (NYSE:MMS) in the 3rd quarter, Holdings Channel reports. The fund purchased 85,995 shares of the health services provider’s stock, valued at approximately $5,054,000.

Several other hedge funds have also added to or reduced their stakes in MMS. Integrated Wealth Concepts LLC bought a new position in Maximus during the second quarter worth $34,000. Global Retirement Partners LLC bought a new position in shares of Maximus in the second quarter valued at about $40,000. Archer Investment Corp acquired a new stake in shares of Maximus during the 2nd quarter worth about $43,000. Blue Trust Inc. lifted its stake in shares of Maximus by 14.6% during the 1st quarter. Blue Trust Inc. now owns 1,321 shares of the health services provider’s stock worth $85,000 after buying an additional 168 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of Maximus by 59.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,659 shares of the health services provider’s stock worth $143,000 after buying an additional 620 shares during the period. Institutional investors and hedge funds own 97.21% of the company’s stock.

Maximus Stock Performance

MMS stock traded up $0.60 during trading hours on Friday, hitting $59.37. 764,858 shares of the stock were exchanged, compared to its average volume of 712,965. Maximus, Inc. has a 12 month low of $51.04 and a 12 month high of $100.00. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $3.11 billion, a P/E ratio of 8.77 and a beta of 0.59. The company has a 50-day simple moving average of $56.83 and a two-hundred day simple moving average of $59.83.

Maximus (NYSE:MMS) last announced its earnings results on Thursday, August 6th. The health services provider reported $2.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.01. Maximus had a net margin of 7.07% and a return on equity of 24.91%. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the previous year, the business posted $2.16 earnings per share. Maximus’s quarterly revenue was down 5.1% on a year-over-year basis. Maximus has set its FY 2026 guidance at 7.900-8.200 EPS. On average, analysts forecast that Maximus, Inc. will post 8.03 earnings per share for the current fiscal year.

Maximus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 13th will be paid a $0.33 dividend. The ex-dividend date is Friday, November 13th. This represents a $1.32 annualized dividend and a yield of 2.2%. Maximus’s payout ratio is 19.50%.

Insider Transactions at Maximus

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Zacks Research upgraded shares of Maximus from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 1st. Weiss Ratings restated a “hold (c-)” rating on shares of Maximus in a research report on Monday, August 17th. Finally, Wall Street Zen cut Maximus from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Maximus Company Profile

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.