Maximus (NYSE:MMS) Hits New 1-Year Low – Should You Sell?

Maximus, Inc. (NYSE:MMS)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $71.60 and last traded at $71.65, with a volume of 161550 shares. The stock had previously closed at $72.70.

Wall Street Analyst Weigh In

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

Maximus Stock Performance

The stock’s 50-day moving average price is $83.83 and its 200-day moving average price is $86.92. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $4.28 billion, a P/E ratio of 14.30 and a beta of 0.73.

Maximus Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, November 30th. Stockholders of record on Friday, November 15th were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.69%. Maximus’s payout ratio is currently 24.00%.

Insider Transactions at Maximus

In related news, insider Michelle F. Link sold 2,208 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $73.83, for a total value of $163,016.64. Following the sale, the insider now owns 6,567 shares of the company’s stock, valued at $484,841.61. This trade represents a 25.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.40% of the company’s stock.

Institutional Trading of Maximus

A number of large investors have recently modified their holdings of the company. Assenagon Asset Management S.A. increased its stake in Maximus by 277.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 878,894 shares of the health services provider’s stock valued at $81,878,000 after buying an additional 645,760 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its stake 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 during the period. Millennium Management LLC increased its stake in Maximus by 150.4% during the 2nd 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 period. Sio Capital Management LLC acquired a new position in Maximus during the 3rd quarter valued at about $14,453,000. Finally, Algert Global LLC acquired a new position in shares of Maximus in the 2nd quarter worth approximately $12,424,000. Institutional investors and hedge funds 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.