Maximus (NYSE:MMS) Downgraded by StockNews.com to “Hold”

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

Maximus Stock Performance

Shares of NYSE:MMS opened at $72.50 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 1 year low of $71.75 and a 1 year high of $93.97. The firm has a market capitalization of $4.37 billion, a PE ratio of 14.50 and a beta of 0.77. The business’s 50 day moving average price is $87.17 and its 200-day moving average price is $87.75.

Maximus Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, November 30th. Stockholders of record on Friday, November 15th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Friday, November 15th. Maximus’s dividend payout ratio (DPR) is 24.00%.

Insider Transactions at Maximus

In other Maximus news, insider Michelle F. Link sold 1,363 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were 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 trade represents a 17.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Maximus

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Tidal Investments LLC boosted its stake 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 buying an additional 6,809 shares during the last quarter. Wilmington Savings Fund Society FSB raised its holdings 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 acquiring an additional 2,164 shares during the period. World Investment Advisors LLC boosted its position in shares of Maximus by 6.6% during the 3rd quarter. World Investment Advisors LLC now owns 5,289 shares of the health services provider’s stock valued at $493,000 after acquiring an additional 326 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Maximus in the third quarter valued at about $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 purchasing an additional 21,532 shares during 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.