StockNews.com Downgrades Maximus (NYSE:MMS) to Hold

StockNews.com lowered shares of Maximus (NYSE:MMS) from a buy rating to a hold rating in a research report released on Thursday.

Maximus Stock Up 2.8 %

MMS opened at $74.50 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.49 and a quick ratio of 1.49. Maximus has a 12 month low of $71.75 and a 12 month high of $93.97. The stock has a market capitalization of $4.49 billion, a P/E ratio of 14.90 and a beta of 0.77. The business has a 50 day simple moving average of $86.50 and a 200-day simple moving average of $87.58.

Maximus Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, November 30th. Investors of record on Friday, November 15th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend was Friday, November 15th. Maximus’s dividend payout ratio is currently 24.00%.

Insiders Place Their Bets

In other Maximus news, insider Michelle F. Link sold 1,363 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $92.56, for a total transaction of $126,159.28. Following the sale, the insider now directly owns 6,567 shares in the company, valued at approximately $607,841.52. The trade was a 17.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Tidal Investments LLC raised its position in Maximus by 49.1% during the third quarter. Tidal Investments LLC now owns 20,674 shares of the health services provider’s stock worth $1,926,000 after acquiring an additional 6,809 shares during the last quarter. Wilmington Savings Fund Society FSB raised its position in shares of Maximus by 3.3% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 66,805 shares of the health services provider’s stock worth $6,224,000 after purchasing an additional 2,164 shares during the last quarter. World Investment Advisors LLC lifted its stake in Maximus by 6.6% in the 3rd quarter. World Investment Advisors LLC now owns 5,289 shares of the health services provider’s stock valued at $493,000 after buying an additional 326 shares in the last quarter. Virtu Financial LLC acquired a new stake in Maximus during the 3rd quarter valued at $319,000. Finally, Geode Capital Management LLC increased its position in Maximus by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,525,159 shares of the health services provider’s stock worth $142,109,000 after buying an additional 21,532 shares in the last quarter. Institutional investors and hedge funds own 97.21% of the company’s stock.

Maximus Company 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.