Maximus (NYSE:MMS) Shares Gap Up to $60.54

Maximus, Inc. (NYSE:MMSGet Rating)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $60.54, but opened at $64.80. Maximus shares last traded at $65.33, with a volume of 2,744 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Maximus in a research report on Wednesday, October 12th. They issued a “hold” rating for the company.

Maximus Price Performance

The firm has a market capitalization of $4.31 billion, a P/E ratio of 21.32 and a beta of 0.71. The business has a 50-day moving average of $59.46 and a 200 day moving average of $61.82. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.94.

Maximus Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Tuesday, November 15th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Monday, November 14th. Maximus’s payout ratio is 34.04%.

Insider Activity at Maximus

In related news, insider Teresa Weipert sold 1,492 shares of the business’s stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $57.87, for a total value of $86,342.04. Following the completion of the sale, the insider now directly owns 2,146 shares of the company’s stock, valued at approximately $124,189.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Maximus news, insider Teresa Weipert sold 1,492 shares of the business’s stock in a transaction that occurred on Friday, September 30th. The stock was sold at an average price of $57.87, for a total transaction of $86,342.04. Following the completion of the sale, the insider now directly owns 2,146 shares of the company’s stock, valued at approximately $124,189.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel David Francis sold 1,800 shares of the business’s stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $70.92, for a total value of $127,656.00. Following the sale, the general counsel now directly owns 13,658 shares of the company’s stock, valued at $968,625.36. The disclosure for this sale can be found here. Insiders sold 36,654 shares of company stock valued at $2,144,657 in the last three months. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Maximus

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of Maximus in the third quarter valued at approximately $26,000. Arlington Partners LLC bought a new position in shares of Maximus in the second quarter valued at approximately $29,000. Bessemer Group Inc. grew its holdings in shares of Maximus by 577.6% in the third quarter. Bessemer Group Inc. now owns 576 shares of the health services provider’s stock valued at $33,000 after acquiring an additional 491 shares in the last quarter. McIlrath & Eck LLC grew its holdings in shares of Maximus by 230.4% in the second quarter. McIlrath & Eck LLC now owns 631 shares of the health services provider’s stock valued at $39,000 after acquiring an additional 440 shares in the last quarter. Finally, Wipfli Financial Advisors LLC bought a new position in shares of Maximus in the third quarter valued at approximately $47,000. 95.30% of the stock is owned by institutional investors.

About Maximus

(Get Rating)

Maximus, Inc provides business process services (BPS) to government health and human services programs. It operates through three segments: U.S. Services, U.S. Federal Services, and Outside the U.S. The U.S. Services segment offers various BPS solutions, such as program administration, appeals and assessments, and related consulting works for U.S.

Read More

Receive News & Ratings for Maximus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Maximus and related companies with MarketBeat.com's FREE daily email newsletter.