Maximus (NYSE:MMS) Rating Lowered to Hold at StockNews.com

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

Maximus Stock Up 2.8 %

Shares of MMS opened at $74.50 on Thursday. The company has a market capitalization of $4.49 billion, a price-to-earnings ratio of 14.90 and a beta of 0.77. Maximus has a 52 week low of $71.75 and a 52 week high of $93.97. The stock’s 50-day moving average price is $86.81 and its 200-day moving average price is $87.64. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.59.

Insider Activity

In other Maximus news, insider Michelle F. Link sold 1,363 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 6,567 shares in the company, valued at approximately $607,841.52. This represents a 17.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in MMS. V Square Quantitative Management LLC purchased a new stake in Maximus in the 3rd quarter worth $25,000. GAMMA Investing LLC grew its holdings in shares of Maximus by 224.5% during the second quarter. GAMMA Investing LLC now owns 344 shares of the health services provider’s stock worth $29,000 after buying an additional 238 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Maximus by 201.5% during the second quarter. Blue Trust Inc. now owns 392 shares of the health services provider’s stock worth $33,000 after buying an additional 262 shares in the last quarter. Archer Investment Corp raised its position in shares of Maximus by 8,788.9% in the second quarter. Archer Investment Corp now owns 800 shares of the health services provider’s stock valued at $69,000 after buying an additional 791 shares during the last quarter. Finally, Quarry LP lifted its stake in shares of Maximus by 48.0% in the third quarter. Quarry LP now owns 1,017 shares of the health services provider’s stock worth $95,000 after buying 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.