Maximus (NYSE:MMS) Shares Gap Down – Here’s Why

by · The Cerbat Gem

Maximus, Inc. (NYSE:MMS – Get Free Report)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $80.53, but opened at $75.53. Maximus shares last traded at $75.49, with a volume of 56,345 shares changing hands.

Maximus Price Performance

The company has a market capitalization of $4.49 billion, a price-to-earnings ratio of 15.83 and a beta of 0.77. The stock has a fifty day simple moving average of $88.64 and a 200-day simple moving average of $88.13. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.59 and a quick ratio of 1.59.

Maximus Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, November 30th. Investors of record on Friday, November 15th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Friday, November 15th. Maximus’s payout ratio is 25.16%.

Insider Buying and Selling

In other Maximus news, insider Michelle F. Link sold 1,363 shares of the company’s 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 completion of the sale, the insider now directly owns 6,567 shares in the company, valued at $607,841.52. This represents a 17.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Maximus

Several hedge funds have recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new stake in Maximus in the 3rd quarter valued at about $25,000. GAMMA Investing LLC raised its position in Maximus by 224.5% in the 2nd quarter. GAMMA Investing LLC now owns 344 shares of the health services provider’s stock valued at $29,000 after purchasing an additional 238 shares in the last quarter. Blue Trust Inc. raised its position in Maximus by 201.5% in the 2nd quarter. Blue Trust Inc. now owns 392 shares of the health services provider’s stock valued at $33,000 after purchasing an additional 262 shares in the last quarter. Archer Investment Corp raised its position in Maximus by 8,788.9% in the 2nd quarter. Archer Investment Corp now owns 800 shares of the health services provider’s stock valued at $69,000 after purchasing an additional 791 shares in the last quarter. Finally, Ariadne Wealth Management LP acquired a new stake in Maximus in the 2nd quarter valued at about $90,000. Institutional investors and hedge funds own 97.21% of the company’s stock.

About Maximus

(Get Free Report)

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.

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