Central Pacific Bank Trust Division Purchases 760 Shares of Maximus, Inc. (NYSE:MMS)

Central Pacific Bank Trust Division raised its holdings in shares of Maximus, Inc. (NYSE:MMS) by 39.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,680 shares of the health services provider’s stock after acquiring an additional 760 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Maximus were worth $200,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Assenagon Asset Management S.A. grew its position in shares of 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 purchasing an additional 645,760 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Maximus by 942.9% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 323,300 shares of the health services provider’s stock valued at $27,707,000 after buying an additional 292,300 shares in the last quarter. Millennium Management LLC raised its position in shares of Maximus by 150.4% during the second quarter. Millennium Management LLC now owns 406,075 shares of the health services provider’s stock valued at $34,801,000 after buying an additional 243,890 shares during the last quarter. Sio Capital Management LLC purchased a new position in shares of Maximus in the third quarter worth $14,453,000. Finally, Algert Global LLC bought a new position in shares of Maximus during the second quarter worth $12,424,000. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MMS has been the topic of a number of research reports. Raymond James upgraded shares of Maximus from a “market perform” rating to an “outperform” rating and set a $90.00 price target on the stock in a report on Thursday. StockNews.com downgraded Maximus from a “buy” rating to a “hold” rating in a research report on Friday, December 27th.

Insider Activity at Maximus

In related news, CEO Bruce Caswell purchased 3,500 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was bought at an average cost of $70.64 per share, for a total transaction of $247,240.00. Following the completion of the transaction, the chief executive officer now directly owns 275,929 shares in the company, valued at $19,491,624.56. This represents a 1.28 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Michelle F. Link sold 2,208 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $73.83, for a total transaction of $163,016.64. Following the transaction, the insider now owns 6,567 shares in the company, valued at $484,841.61. This trade represents a 25.16 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders acquired 7,063 shares of company stock valued at $502,017. Insiders own 1.40% of the company’s stock.

Maximus Price Performance

MMS stock opened at $77.50 on Friday. Maximus, Inc. has a 52 week low of $69.72 and a 52 week high of $93.97. The firm has a market capitalization of $4.67 billion, a P/E ratio of 15.50 and a beta of 0.73. The company has a fifty day simple moving average of $77.76 and a two-hundred day simple moving average of $85.26. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.59.

Maximus 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.