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

Shares of Maximus, Inc. (NYSE:MMS - Get Free Report) 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 changing hands. The stock had previously closed at $91.56.

Maximus Stock Performance

The company has a debt-to-equity ratio of 0.61, a current ratio of 1.59 and a quick ratio of 1.59. The stock has a 50-day moving average price of $89.39 and a 200-day moving average price of $88.03. The company has a market capitalization of $5.51 billion, a price-to-earnings ratio of 19.20 and a beta of 0.77.

Maximus Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Friday, November 15th. Maximus's dividend payout ratio is 25.16%.

Insiders Place Their Bets

In related news, insider Michelle F. Link sold 1,363 shares of the firm'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 transaction, the insider now owns 6,567 shares in the company, valued at approximately $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 accessible through this link. Company insiders own 1.40% of the company's stock.

Institutional Trading of Maximus

A number of hedge funds have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. grew its holdings in Maximus by 151.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 233,134 shares of the health services provider's stock worth $19,980,000 after acquiring an additional 140,481 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Maximus by 942.9% in 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. Tidal Investments LLC increased its position in Maximus by 238.9% in the 1st quarter. Tidal Investments LLC now owns 12,763 shares of the health services provider's stock valued at $1,071,000 after buying an additional 8,997 shares in the last quarter. SG Americas Securities LLC raised its stake in Maximus by 609.6% during the 2nd quarter. SG Americas Securities LLC now owns 14,278 shares of the health services provider's stock worth $1,224,000 after buying an additional 12,266 shares during the period. Finally, Entropy Technologies LP bought a new position in Maximus in the first quarter worth approximately $491,000. Institutional investors and hedge funds own 97.21% of the company's stock.

Maximus Company 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.