Maximus (NYSE:MMS) Shares Gap Up – Should You Buy?

Shares of Maximus, Inc. (NYSE:MMS) gapped up prior to trading on Wednesday . The stock had previously closed at $72.89, but opened at $76.00. Maximus shares last traded at $75.14, with a volume of 91,134 shares.

Maximus Price Performance

The firm’s fifty day simple moving average is $87.49 and its 200 day simple moving average is $87.86. The firm has a market cap of $4.38 billion, a P/E ratio of 14.42 and a beta of 0.77. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.49 and a current ratio of 1.49.

Maximus Dividend Announcement

The company also recently announced 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. The ex-dividend date is Friday, November 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.65%. Maximus’s dividend payout ratio is currently 24.00%.

Insiders Place Their Bets

In other news, insider Michelle F. Link sold 1,363 shares of the stock in a transaction on Tuesday, October 1st. The shares were 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 of the company’s stock, valued at approximately $607,841.52. This represents a 17.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Tidal Investments LLC grew its stake in Maximus by 49.1% in the 3rd 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 in the last quarter. Wilmington Savings Fund Society FSB grew its position in shares of Maximus by 3.3% in 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 buying an additional 2,164 shares during the last quarter. World Investment Advisors LLC increased its position in Maximus by 6.6% during the 3rd quarter. World Investment Advisors LLC now owns 5,289 shares of the health services provider’s stock valued at $493,000 after buying an additional 326 shares in the last quarter. Virtu Financial LLC acquired a new position in Maximus during the 3rd quarter valued at approximately $319,000. Finally, Geode Capital Management LLC increased its holdings in shares of Maximus by 1.4% in the third quarter. Geode Capital Management LLC now owns 1,525,159 shares of the health services provider’s stock valued at $142,109,000 after purchasing an additional 21,532 shares during the period. Hedge funds and other institutional investors own 97.21% of the company’s stock.

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.