Insider Buying: Maximus, Inc. (NYSE:MMS) Director Purchases 3,490 Shares of Stock

Maximus, Inc. (NYSE:MMS) Director Raymond B. Ruddy purchased 3,490 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was purchased at an average cost of $71.46 per share, with a total value of $249,395.40. Following the completion of the acquisition, the director now owns 112,520 shares in the company, valued at approximately $8,040,679.20. This trade represents a 3.20 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Maximus Price Performance

Shares of MMS traded down $0.86 during trading hours on Friday, reaching $69.85. 665,146 shares of the company’s stock traded hands, compared to its average volume of 432,174. Maximus, Inc. has a 12 month low of $69.72 and a 12 month high of $93.97. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.59. The stock has a market cap of $4.21 billion, a PE ratio of 14.13 and a beta of 0.73. The firm’s 50 day simple moving average is $83.01 and its 200-day simple moving average is $86.70.

Maximus Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, November 30th. Shareholders of record on Friday, November 15th were given a dividend of $0.30 per share. The ex-dividend date was Friday, November 15th. This represents a $1.20 annualized dividend and a yield of 1.72%. Maximus’s payout ratio is presently 24.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Maximus from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th.

Hedge Funds Weigh In On Maximus

Institutional investors have recently made changes to their positions in the stock. Tidal Investments LLC grew its position in Maximus by 49.1% in 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 in the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in shares of Maximus by 3.3% in 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 in the last quarter. World Investment Advisors LLC boosted its holdings in shares of Maximus by 6.6% in the 3rd quarter. World Investment Advisors LLC now owns 5,289 shares of the health services provider’s stock worth $493,000 after purchasing an additional 326 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Maximus during the 3rd quarter valued at about $319,000. Finally, Geode Capital Management LLC raised its holdings in shares of Maximus by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,525,159 shares of the health services provider’s stock valued at $142,109,000 after buying an additional 21,532 shares in the last quarter. Institutional investors 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.