Maximus (MMS) Declares $0.28 Dividend

Maximus said on July 11, 2023 that its board of directors declared a regular quarterly dividend of $0.28 per share ($1.12 annualized). Previously, the company paid $0.28 per share.

Shares must be purchased before the ex-div date of August 14, 2023 to qualify for the dividend. Shareholders of record as of August 15, 2023 will receive the payment on August 31, 2023.

At the current share price of $86.72 / share, the stock's dividend yield is 1.29%.

Looking back five years and taking a sample every week, the average dividend yield has been 1.42%, the lowest has been 0.27%, and the highest has been 2.26%. The standard deviation of yields is 0.33 (n=236).

The current dividend yield is 0.40 standard deviations below the historical average.

Additionally, the company's dividend payout ratio is 0.40. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company has not increased its dividend in the last three years.

What is the Fund Sentiment?

There are 734 funds or institutions reporting positions in Maximus. This is a decrease of 9 owner(s) or 1.21% in the last quarter. Average portfolio weight of all funds dedicated to MMS is 0.28%, an increase of 4.09%. Total shares owned by institutions increased in the last three months by 0.32% to 76,312K shares. The put/call ratio of MMS is 0.14, indicating a bullish outlook.

Analyst Price Forecast Suggests 17.62% Upside

As of July 6, 2023, the average one-year price target for Maximus is 102.00. The forecasts range from a low of 101.00 to a high of $105.00. The average price target represents an increase of 17.62% from its latest reported closing price of 86.72.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Maximus is 4,822MM, an increase of 1.33%. The projected annual non-GAAP EPS is 3.86.

What are Other Shareholders Doing?

Victory Capital Management holds 6,931K shares representing 11.40% ownership of the company. In it's prior filing, the firm reported owning 6,737K shares, representing an increase of 2.81%. The firm increased its portfolio allocation in MMS by 7.79% over the last quarter.

VETAX - Victory Sycamore Established Value Fund holds 3,680K shares representing 6.05% ownership of the company. In it's prior filing, the firm reported owning 3,830K shares, representing a decrease of 4.08%. The firm decreased its portfolio allocation in MMS by 1.28% over the last quarter.

Alliancebernstein holds 3,046K shares representing 5.01% ownership of the company. In it's prior filing, the firm reported owning 2,808K shares, representing an increase of 7.84%. The firm increased its portfolio allocation in MMS by 10.86% over the last quarter.

Mackenzie Financial holds 2,669K shares representing 4.39% ownership of the company. In it's prior filing, the firm reported owning 2,743K shares, representing a decrease of 2.75%. The firm decreased its portfolio allocation in MMS by 3.41% over the last quarter.

Fuller & Thaler Asset Management holds 1,887K shares representing 3.10% ownership of the company. In it's prior filing, the firm reported owning 2,894K shares, representing a decrease of 53.36%. The firm decreased its portfolio allocation in MMS by 36.44% over the last quarter.

Maximus Background Information
(This description is provided by the company.)

Since 1975, Maximus has operated under its founding mission of Helping Government Serve the People®, enabling citizens around the globe to successfully engage with their governments at all levels and across a variety of health and human services programs. Maximus delivers innovative business process management and technology solutions that contribute to improved outcomes for citizens and higher levels of productivity, accuracy, accountability, and efficiency of government-sponsored programs. With more than 30,000 employees worldwide, Maximus is a proud partner to government agencies in the United States, Australia, Canada, Italy, Saudi Arabia, Singapore, South Korea, Sweden, and the United Kingdom.

Additional reading:

• | Maximus: Q2 FY23 Earnings Presentation1 May 4, 2023 Fiscal 2023 Second Quarter Earnings Call David Mutryn Chief Financial Officer | Maximus: Q2 FY23 Earnings Presentation2 These slides should be read in conjunction with the Company’s most recent qu
• Maximus Reports Fiscal Year 2023 Second Quarter Results Company reaffirms guidance in strengthened financial position following significant debt reduction
• Maximus Fiscal 2023 First Quarter Earnings Call May 4, 2023 Page 1 of 13 Operator Greetings and welcome to the Maximus Fiscal Year 2023 Second Quarter Earnings Conference Call. At this time, all participants are on a listen-only mode. A brief questio
• Amended and Restated By-laws of the Company, effective March 14, 2023.
• | Maximus: Q1 FY23 Earnings Presentation1 Fiscal 2023 First Quarter Earnings Call David Mutryn Chief Financial Officer February 9, 2023 | Maximus: Q1 FY23 Earnings Presentation2 These slides should be read in conjunction with the Company’s most recen

This story originally appeared on Fintel.