Maximus, Inc. (NYSE:MMS) Director Raymond B. Ruddy Buys 3,490 Shares

Maximus, Inc. (NYSE:MMS) Director Raymond B. Ruddy acquired 3,490 shares of Maximus stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average price of $71.46 per share, with a total value of $249,395.40. Following the completion of the purchase, the director now directly owns 112,520 shares in the company, valued at $8,040,679.20. This represents a 3.20 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

Maximus Price Performance

Shares of MMS stock opened at $69.81 on Friday. The business’s 50 day moving average price is $82.58 and its 200-day moving average price is $86.60. Maximus, Inc. has a fifty-two week low of $69.72 and a fifty-two week high of $93.97. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.49 and a current ratio of 1.49. The firm has a market cap of $4.21 billion, a P/E ratio of 13.96 and a beta of 0.73.

Maximus Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, November 30th. Shareholders 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 yield of 1.72%. Maximus’s dividend payout ratio is currently 24.00%.

Institutional Investors Weigh In On Maximus

A number of large investors have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC purchased a new position in shares of Maximus in the third quarter valued at about $25,000. Blue Trust Inc. boosted its holdings in Maximus by 201.5% during the 2nd quarter. Blue Trust Inc. now owns 392 shares of the health services provider’s stock valued at $33,000 after acquiring an additional 262 shares during the period. Archer Investment Corp boosted its holdings in shares of Maximus by 8,788.9% in the second 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 during the period. 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 valued at $80,000 after purchasing an additional 518 shares in the last quarter. Finally, Quarry LP lifted its stake in shares of Maximus by 48.0% during the 3rd quarter. Quarry LP now owns 1,017 shares of the health services provider’s stock worth $95,000 after purchasing an additional 330 shares during the last quarter. Institutional investors own 97.21% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Maximus from a “buy” rating to a “hold” rating in a report on Thursday, November 28th.

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.