Maximus (NYSE:MMS) Upgraded at StockNews.com

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

Maximus Stock Up 1.0 %

Shares of NYSE MMS opened at $72.94 on Thursday. Maximus has a 12-month low of $69.72 and a 12-month high of $93.97. The stock’s fifty day simple moving average is $80.70 and its two-hundred day simple moving average is $86.11. The stock has a market capitalization of $4.40 billion, a PE ratio of 14.59 and a beta of 0.73. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.59.

Maximus Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, November 30th. Shareholders of record on Friday, November 15th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.20 dividend on an annualized basis and a yield of 1.65%. Maximus’s dividend payout ratio is presently 24.00%.

Insider Buying and Selling at Maximus

In related news, insider Michelle F. Link sold 1,363 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $92.56, for a total value of $126,159.28. Following the transaction, the insider now directly owns 6,567 shares of the company’s stock, valued at $607,841.52. This represents a 17.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Raymond B. Ruddy bought 3,490 shares of Maximus stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average price of $71.46 per share, with a total value of $249,395.40. Following the purchase, the director now directly owns 112,520 shares in the company, valued at $8,040,679.20. The trade was a 3.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 7,063 shares of company stock valued at $502,017. 1.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Inspire Advisors LLC lifted its holdings in shares of Maximus by 1.4% during the second quarter. Inspire Advisors LLC now owns 8,768 shares of the health services provider’s stock worth $751,000 after purchasing an additional 121 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in Maximus by 4.5% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,179 shares of the health services provider’s stock valued at $272,000 after acquiring an additional 136 shares during the period. Petrus Trust Company LTA boosted its holdings in shares of Maximus by 2.7% in the 3rd quarter. Petrus Trust Company LTA now owns 7,084 shares of the health services provider’s stock valued at $660,000 after acquiring an additional 185 shares during the last quarter. WR Wealth Planners LLC boosted its holdings in shares of Maximus by 4.6% in the 2nd quarter. WR Wealth Planners LLC now owns 4,525 shares of the health services provider’s stock valued at $388,000 after acquiring an additional 198 shares during the last quarter. Finally, Holocene Advisors LP increased its stake in shares of Maximus by 6.5% in the third quarter. Holocene Advisors LP now owns 3,927 shares of the health services provider’s stock worth $366,000 after acquiring an additional 239 shares during the period. 97.21% of the stock is owned by institutional investors and hedge funds.

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.