Insider Buying: Maximus, Inc. (NYSE:MMS) CEO Buys $247,240.00 in Stock

Maximus, Inc. (NYSE:MMS) CEO Bruce Caswell purchased 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was purchased at an average price of $70.64 per share, for a total transaction of $247,240.00. Following the acquisition, the chief executive officer now owns 275,929 shares of the company’s stock, valued at $19,491,624.56. The trade was a 1.28 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Maximus Price Performance

Shares of MMS stock opened at $72.94 on Friday. The firm’s 50 day moving average price is $81.04 and its two-hundred day moving average price is $86.20. The stock has a market cap of $4.40 billion, a PE ratio of 14.59 and a beta of 0.73. Maximus, Inc. has a 52-week low of $69.72 and a 52-week high of $93.97. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, November 30th. Investors of record on Friday, November 15th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, November 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.65%. Maximus’s dividend payout ratio (DPR) is presently 24.00%.

Institutional Investors Weigh In On Maximus

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. boosted its holdings 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 worth $81,878,000 after buying an additional 645,760 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Maximus by 942.9% in 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 acquiring an additional 292,300 shares during the period. Millennium Management LLC boosted its stake in Maximus by 150.4% during the 2nd quarter. Millennium Management LLC now owns 406,075 shares of the health services provider’s stock worth $34,801,000 after acquiring an additional 243,890 shares during the last quarter. Sio Capital Management LLC bought a new position in Maximus during the 3rd quarter worth approximately $14,453,000. Finally, Algert Global LLC acquired a new position in Maximus during the second quarter valued at approximately $12,424,000. Institutional investors own 97.21% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Maximus from a “hold” rating to a “buy” rating in a research note on Thursday.

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.