Central Pacific Bank Trust Division Purchases 760 Shares of Maximus, Inc. (NYSE:MMS)

Central Pacific Bank Trust Division boosted its holdings in Maximus, Inc. (NYSE:MMS) by 39.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,680 shares of the health services provider’s stock after acquiring an additional 760 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Maximus were worth $200,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. V Square Quantitative Management LLC bought a new position in shares of Maximus during the third quarter valued at $25,000. GAMMA Investing LLC lifted its stake in Maximus by 150.6% during the 3rd quarter. GAMMA Investing LLC now owns 862 shares of the health services provider’s stock valued at $80,000 after acquiring an additional 518 shares during the period. Quarry LP boosted its holdings in shares of Maximus by 48.0% during the 3rd quarter. Quarry LP now owns 1,017 shares of the health services provider’s stock valued at $95,000 after acquiring an additional 330 shares during the last quarter. Ariadne Wealth Management LP bought a new stake in shares of Maximus in the second quarter worth approximately $90,000. Finally, Covestor Ltd raised its holdings in shares of Maximus by 913.0% during the third quarter. Covestor Ltd now owns 1,246 shares of the health services provider’s stock valued at $116,000 after purchasing an additional 1,123 shares during the last quarter. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Maximus

In related news, insider Michelle F. Link sold 2,208 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $73.83, for a total value of $163,016.64. Following the transaction, the insider now directly owns 6,567 shares of the company’s stock, valued at approximately $484,841.61. This trade represents a 25.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Raymond B. Ruddy purchased 3,490 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were bought at an average cost of $71.46 per share, with a total value of $249,395.40. Following the acquisition, the director now directly owns 112,520 shares of the company’s stock, valued at $8,040,679.20. This trade represents a 3.20 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 7,063 shares of company stock worth $502,017 in the last 90 days. 1.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Raymond James upgraded shares of Maximus from a “market perform” rating to an “outperform” rating and set a $90.00 target price on the stock in a report on Thursday. StockNews.com lowered Maximus from a “buy” rating to a “hold” rating in a report on Friday, December 27th.

Maximus Stock Performance

MMS opened at $77.50 on Friday. The company’s 50 day moving average is $77.76 and its 200 day moving average is $85.26. 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 company has a market cap of $4.67 billion, a price-to-earnings ratio of 15.50 and a beta of 0.73. Maximus, Inc. has a 12-month low of $69.72 and a 12-month high of $93.97.

Maximus 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.