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

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

Maximus Stock Up 0.6 %

Shares of MMS opened at $73.44 on Friday. The firm has a market cap of $4.43 billion, a P/E ratio of 14.69 and a beta of 0.73. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.49 and a current ratio of 1.49. Maximus has a 52 week low of $69.72 and a 52 week high of $93.97. The firm’s 50-day simple moving average is $79.29 and its 200 day simple moving average is $85.74.

Insider Activity at Maximus

In other Maximus news, insider Michelle F. Link sold 1,363 shares of Maximus 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 completion of the transaction, the insider now directly owns 6,567 shares of the company’s stock, valued at $607,841.52. The trade was a 17.19 % decrease in their position. The sale 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 dated Thursday, December 12th. The shares were bought at an average cost of $71.46 per share, for a total transaction of $249,395.40. Following the completion of the acquisition, the director now owns 112,520 shares in the company, valued at $8,040,679.20. This represents a 3.20 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 7,063 shares of company stock worth $502,017 in the last ninety days. 1.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MMS. V Square Quantitative Management LLC acquired a new stake in Maximus during the third quarter worth about $25,000. Archer Investment Corp increased its stake in 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 acquiring an additional 791 shares during the last quarter. GAMMA Investing LLC raised its position in Maximus by 150.6% during the third quarter. GAMMA Investing LLC now owns 862 shares of the health services provider’s stock valued at $80,000 after purchasing an additional 518 shares in the last quarter. Quarry LP lifted its stake 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 purchasing an additional 330 shares during the last quarter. Finally, Ariadne Wealth Management LP bought a new stake in Maximus during the second quarter worth $90,000. 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.