StockNews.com Downgrades Maximus (NYSE:MMS) to Hold

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

Maximus Stock Down 0.5 %

Maximus stock traded down $0.39 during mid-day trading on Thursday, hitting $72.50. 1,701,725 shares of the company’s stock were exchanged, compared to its average volume of 408,183. The stock has a market cap of $4.37 billion, a P/E ratio of 14.50 and a beta of 0.77. The stock has a 50 day moving average of $87.17 and a two-hundred day moving average of $87.75. Maximus has a 1-year low of $71.75 and a 1-year high of $93.97. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.59.

Insider Buying and Selling

In related news, insider Michelle F. Link sold 1,363 shares of Maximus stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $92.56, for a total transaction of $126,159.28. Following the sale, the insider now directly owns 6,567 shares of the company’s stock, valued at $607,841.52. This trade represents a 17.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 added to or reduced their stakes in MMS. Assenagon Asset Management S.A. lifted its stake 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 purchasing an additional 645,760 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Maximus by 942.9% in the second 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 last quarter. Millennium Management LLC raised its stake in shares of Maximus by 150.4% in the second quarter. Millennium Management LLC now owns 406,075 shares of the health services provider’s stock valued at $34,801,000 after acquiring an additional 243,890 shares during the last quarter. Sio Capital Management LLC bought a new position in shares of Maximus in the third quarter valued at approximately $14,453,000. Finally, Algert Global LLC bought a new position in shares of Maximus in the second quarter valued at approximately $12,424,000. Institutional investors 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.