Maximus (NYSE:MMS) Sets New 12-Month High – Still a Buy?

Shares of Maximus, Inc. (NYSE:MMS) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $94.00 and last traded at $94.00, with a volume of 218 shares traded. The stock had previously closed at $91.56.

Maximus Stock Down 1.0 %

The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.59 and a current ratio of 1.59. The firm has a market capitalization of $5.45 billion, a price-to-earnings ratio of 18.98 and a beta of 0.77. The firm has a fifty day moving average price of $89.38 and a 200 day moving average price of $88.18.

Maximus Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, November 30th. Shareholders of record on Friday, November 15th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.20 annualized dividend and a dividend yield of 1.33%. Maximus’s payout ratio is currently 25.16%.

Insider Transactions at Maximus

In related news, insider Michelle F. Link sold 1,363 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $92.56, for a total value of $126,159.28. Following the completion of the sale, the insider now owns 6,567 shares in the company, valued at $607,841.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Maximus

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Inspire Advisors LLC boosted its stake in shares of Maximus by 1.4% during the second quarter. Inspire Advisors LLC now owns 8,768 shares of the health services provider’s stock valued at $751,000 after acquiring an additional 121 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Maximus by 4.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,179 shares of the health services provider’s stock valued at $272,000 after purchasing an additional 136 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Maximus by 2.4% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 6,479 shares of the health services provider’s stock worth $544,000 after purchasing an additional 149 shares during the last quarter. WR Wealth Planners LLC grew its holdings in shares of Maximus by 4.6% during the second quarter. WR Wealth Planners LLC now owns 4,525 shares of the health services provider’s stock worth $388,000 after buying an additional 198 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its position in shares of Maximus by 0.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 52,681 shares of the health services provider’s stock valued at $4,419,000 after buying an additional 236 shares during the last quarter. 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.