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

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

Maximus Price Performance

MMS stock opened at $72.92 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.49 and a current ratio of 1.49. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of 14.58 and a beta of 0.73. The firm has a 50 day moving average price of $78.96 and a 200-day moving average price of $85.66. Maximus has a 52-week low of $69.72 and a 52-week high of $93.97.

Insider Activity

In other news, insider Michelle F. Link sold 1,363 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $92.56, for a total transaction of $126,159.28. Following the sale, the insider now owns 6,567 shares in the company, valued at $607,841.52. This represents a 17.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Raymond B. Ruddy purchased 3,490 shares of Maximus stock in a transaction that occurred on Thursday, December 12th. The shares were purchased at an average cost of $71.46 per share, with a total value of $249,395.40. Following the transaction, the director now directly owns 112,520 shares of the company’s stock, valued at $8,040,679.20. This represents a 3.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 7,063 shares of company stock worth $502,017 over the last three months. 1.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Assenagon Asset Management S.A. lifted its position in Maximus by 277.0% during the third quarter. Assenagon Asset Management S.A. now owns 878,894 shares of the health services provider’s stock valued at $81,878,000 after purchasing an additional 645,760 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Maximus by 942.9% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 323,300 shares of the health services provider’s stock valued at $27,707,000 after buying an additional 292,300 shares during the period. Millennium Management LLC boosted its stake in shares of Maximus by 150.4% in the 2nd quarter. Millennium Management LLC now owns 406,075 shares of the health services provider’s stock worth $34,801,000 after buying an additional 243,890 shares during the last quarter. Sio Capital Management LLC bought a new stake in shares of Maximus in the third quarter worth $14,453,000. Finally, Algert Global LLC purchased a new stake in Maximus during the second quarter valued at $12,424,000. 97.21% of the stock is owned by institutional investors.

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.