Maximus (NYSE:MMS) Sees Large Volume Increase – Time to Buy?

Maximus, Inc. (NYSE:MMS) shares saw unusually-strong trading volume on Friday . Approximately 861,898 shares were traded during trading, an increase of 123% from the previous session’s volume of 386,817 shares.The stock last traded at $73.00 and had previously closed at $74.96.

Maximus Stock Down 2.5 %

The firm has a fifty day simple moving average of $88.41 and a 200-day simple moving average of $88.04. The company has a market capitalization of $4.40 billion, a PE ratio of 15.19 and a beta of 0.77. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.59 and a current ratio of 1.59.

Maximus Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, November 30th. Stockholders 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 dividend yield of 1.64%. The ex-dividend date is Friday, November 15th. Maximus’s payout ratio is 25.16%.

Insider Activity

In related news, insider Michelle F. Link sold 1,363 shares of Maximus stock in a transaction dated Tuesday, October 1st. The shares were 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 in the company, valued at $607,841.52. The trade was a 17.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Maximus

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MMS. Assenagon Asset Management S.A. grew its holdings 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 acquiring an additional 645,760 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Maximus by 942.9% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 323,300 shares of the health services provider’s stock worth $27,707,000 after purchasing an additional 292,300 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Maximus by 150.4% in the 2nd quarter. Millennium Management LLC now owns 406,075 shares of the health services provider’s stock worth $34,801,000 after purchasing an additional 243,890 shares in the last quarter. Sio Capital Management LLC purchased a new stake in shares of Maximus during the third quarter valued at $14,453,000. Finally, Vanguard Group Inc. grew its stake in Maximus by 2.4% in the first quarter. Vanguard Group Inc. now owns 6,208,839 shares of the health services provider’s stock valued at $520,922,000 after purchasing an additional 145,983 shares in the last quarter. 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.