Maximus, Inc. (NYSE:MMS) CEO Bruce Caswell Acquires 3,500 Shares

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

Maximus Trading Down 0.2 %

Maximus stock traded down $0.13 during mid-day trading on Wednesday, hitting $70.07. 1,073,975 shares of the stock were exchanged, compared to its average volume of 438,459. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.59. The firm’s fifty day simple moving average is $81.37 and its two-hundred day simple moving average is $86.30. Maximus, Inc. has a 12 month low of $69.72 and a 12 month high of $93.97. The stock has a market capitalization of $4.22 billion, a price-to-earnings ratio of 14.01 and a beta of 0.73.

Maximus Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, November 30th. Shareholders of record on Friday, November 15th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date was Friday, November 15th. Maximus’s payout ratio is 24.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Maximus from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th.

Institutional Trading of Maximus

Several large investors have recently modified their holdings of MMS. V Square Quantitative Management LLC acquired a new stake in Maximus in the 3rd quarter valued at $25,000. Blue Trust Inc. lifted its stake in shares of Maximus by 201.5% in the second quarter. Blue Trust Inc. now owns 392 shares of the health services provider’s stock valued at $33,000 after buying an additional 262 shares in the last quarter. Archer Investment Corp grew its holdings in shares of Maximus by 8,788.9% during the second quarter. Archer Investment Corp now owns 800 shares of the health services provider’s stock valued at $69,000 after buying an additional 791 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Maximus by 150.6% in the 3rd quarter. GAMMA Investing LLC now owns 862 shares of the health services provider’s stock worth $80,000 after acquiring an additional 518 shares during the last quarter. Finally, Ariadne Wealth Management LP acquired a new position in Maximus during the 2nd quarter valued at about $90,000. Institutional investors and hedge funds own 97.21% of the company’s stock.

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.