Maximus (NYSE:MMS) Sets New 1-Year High – Time to Buy?

Maximus, Inc. (NYSE:MMS)’s stock price reached a new 52-week high on Monday . The company traded as high as $94.00 and last traded at $94.00, with a volume of 218 shares traded. The stock had previously closed at $91.56.

Maximus Stock Performance

The stock’s 50 day simple moving average is $89.38 and its two-hundred day simple moving average is $88.18. The company has a market cap of $5.45 billion, a PE ratio of 18.98 and a beta of 0.77. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.61.

Maximus Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, November 30th. Shareholders of record on Friday, November 15th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Friday, November 15th. Maximus’s dividend payout ratio (DPR) is presently 25.16%.

Insider Activity

In related 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 completion of the sale, the insider now owns 6,567 shares of the company’s stock, valued at approximately $607,841.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Maximus

Several institutional investors have recently bought and sold shares of MMS. V Square Quantitative Management LLC purchased a new stake in Maximus during the 3rd quarter worth $25,000. GAMMA Investing LLC increased its position in shares of Maximus by 224.5% during the second quarter. GAMMA Investing LLC now owns 344 shares of the health services provider’s stock worth $29,000 after acquiring an additional 238 shares during the last quarter. Blue Trust Inc. boosted its holdings in 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 purchasing an additional 262 shares during the last quarter. Archer Investment Corp grew its stake in Maximus by 8,788.9% during the 2nd quarter. Archer Investment Corp now owns 800 shares of the health services provider’s stock valued at $69,000 after purchasing an additional 791 shares in the last quarter. Finally, Ariadne Wealth Management LP purchased a new stake in Maximus during the 2nd quarter worth approximately $90,000. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

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.