Maximus (NYSE:MMS) Stock Rating Lowered by StockNews.com

Maximus (NYSE:MMS) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Friday.

Maximus Stock Up 0.6 %

NYSE MMS opened at $73.44 on Friday. The stock’s 50 day simple moving average is $79.29 and its 200 day simple moving average is $85.74. Maximus has a one year low of $69.72 and a one year high of $93.97. The firm has a market cap of $4.43 billion, a PE ratio of 14.69 and a beta of 0.73. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.49 and a quick ratio of 1.49.

Insider Transactions at Maximus

In other Maximus news, CEO Bruce Caswell purchased 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was acquired at an average cost of $70.64 per share, with a total value of $247,240.00. Following the completion of the purchase, the chief executive officer now directly owns 275,929 shares in the company, valued at approximately $19,491,624.56. This represents a 1.28 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Raymond B. Ruddy bought 3,490 shares of Maximus stock in a transaction on Thursday, December 12th. The shares were bought at an average price of $71.46 per share, for a total transaction of $249,395.40. Following the acquisition, the director now owns 112,520 shares of the company’s stock, valued at approximately $8,040,679.20. The trade was a 3.20 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 7,063 shares of company stock worth $502,017. Corporate insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Maximus

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC bought a new position in Maximus in the third quarter valued at $25,000. Archer Investment Corp increased its position in shares of Maximus by 8,788.9% during the 2nd quarter. Archer Investment Corp now owns 800 shares of the health services provider’s stock worth $69,000 after purchasing an additional 791 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Maximus by 150.6% during the 3rd quarter. GAMMA Investing LLC now owns 862 shares of the health services provider’s stock worth $80,000 after purchasing an additional 518 shares in the last quarter. Ariadne Wealth Management LP acquired a new stake in shares of Maximus in the 2nd quarter valued at approximately $90,000. Finally, Quarry LP raised its position in Maximus by 48.0% during the third quarter. Quarry LP now owns 1,017 shares of the health services provider’s stock worth $95,000 after acquiring an additional 330 shares in the last quarter. 97.21% of the stock is owned by institutional investors and hedge funds.

About Maximus

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.