Maximus (NYSE:MMS) Rating Lowered to Hold at StockNews.com

Maximus (NYSE:MMS) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.

Maximus Stock Performance

NYSE MMS opened at $74.50 on Thursday. 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 stock’s fifty day moving average is $86.81 and its two-hundred day moving average is $87.64. The firm has a market capitalization of $4.49 billion, a P/E ratio of 14.90 and a beta of 0.77. Maximus has a fifty-two week low of $71.75 and a fifty-two week high of $93.97.

Insiders Place Their Bets

In other Maximus news, insider Michelle F. Link sold 1,363 shares of Maximus stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $92.56, for a total value of $126,159.28. Following the sale, the insider now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is owned by insiders.

Institutional Trading of Maximus

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Quadrature Capital Ltd acquired a new position in Maximus in the first quarter valued at about $238,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Maximus by 6.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 38,100 shares of the health services provider’s stock worth $3,197,000 after acquiring an additional 2,322 shares during the last quarter. Tidal Investments LLC boosted its position in shares of Maximus by 238.9% during the 1st quarter. Tidal Investments LLC now owns 12,763 shares of the health services provider’s stock worth $1,071,000 after purchasing an additional 8,997 shares during the period. Virtu Financial LLC increased its holdings in Maximus by 16.4% in the 1st quarter. Virtu Financial LLC now owns 3,610 shares of the health services provider’s stock valued at $303,000 after purchasing an additional 508 shares during the last quarter. Finally, LRI Investments LLC purchased a new stake in Maximus in the first quarter valued at approximately $93,000. 97.21% of the stock is owned by institutional investors and hedge funds.

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.