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

Maximus, Inc. (NYSE:MMS) CEO Bruce Caswell purchased 3,500 shares of the 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 in the company, valued at approximately $19,491,624.56. This trade represents a 1.28 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Maximus Stock Performance

NYSE:MMS opened at $72.20 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $4.35 billion, a P/E ratio of 14.44 and a beta of 0.73. The firm has a 50-day moving average price of $81.04 and a two-hundred day moving average price of $86.20. Maximus, Inc. has a twelve month low of $69.72 and a twelve month high of $93.97.

Maximus Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, November 30th. Stockholders 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 1.66%. Maximus’s dividend payout ratio (DPR) is 24.00%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Maximus from a “hold” rating to a “buy” rating in a report on Thursday.

Institutional Investors Weigh In On Maximus

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Tidal Investments LLC raised its holdings in shares of Maximus by 49.1% in the third quarter. Tidal Investments LLC now owns 20,674 shares of the health services provider’s stock worth $1,926,000 after acquiring an additional 6,809 shares during the last quarter. Wilmington Savings Fund Society FSB increased its position in Maximus by 3.3% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 66,805 shares of the health services provider’s stock worth $6,224,000 after purchasing an additional 2,164 shares in the last quarter. World Investment Advisors LLC raised its stake in Maximus by 6.6% in the 3rd quarter. World Investment Advisors LLC now owns 5,289 shares of the health services provider’s stock valued at $493,000 after purchasing an additional 326 shares during the last quarter. Virtu Financial LLC acquired a new position in Maximus in the 3rd quarter valued at about $319,000. Finally, Geode Capital Management LLC boosted its stake in shares of Maximus by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,525,159 shares of the health services provider’s stock worth $142,109,000 after purchasing an additional 21,532 shares during the last quarter. Hedge funds and other 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.