Fmr LLC Sells 294,302 Shares of Maximus, Inc. (NYSE:MMS)

FMR LLC trimmed its stake in Maximus, Inc. (NYSE:MMS - Free Report) by 3.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,824,958 shares of the health services provider's stock after selling 294,302 shares during the period. FMR LLC owned about 14.66% of Maximus worth $822,133,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Assenagon Asset Management S.A. grew its position in shares of Maximus by 151.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 233,134 shares of the health services provider's stock valued at $19,980,000 after buying an additional 140,481 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted 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 purchasing an additional 292,300 shares during the last quarter. Tidal Investments LLC increased its position in shares of Maximus by 238.9% during the first quarter. Tidal Investments LLC now owns 12,763 shares of the health services provider's stock worth $1,071,000 after buying an additional 8,997 shares during the period. SG Americas Securities LLC raised its stake in Maximus by 609.6% during the second 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 last quarter. Finally, Versor Investments LP raised its stake in Maximus by 213.5% during the third quarter. Versor Investments LP now owns 8,500 shares of the health services provider's stock worth $792,000 after buying an additional 5,789 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Maximus Trading Down 0.5 %

Shares of MMS stock traded down $0.39 during mid-day trading on Thursday, hitting $72.50. The company's stock had a trading volume of 1,701,725 shares, compared to its average volume of 408,183. The company has a market cap of $4.37 billion, a PE ratio of 14.50 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. The company's fifty day simple moving average is $87.17 and its 200-day simple moving average is $87.75. Maximus, Inc. has a 52 week low of $71.75 and a 52 week high of $93.97.

Maximus Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, November 30th. Shareholders of record on Friday, November 15th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Friday, November 15th. Maximus's dividend payout ratio (DPR) is currently 24.00%.

Insider Activity

In other news, insider Michelle F. Link sold 1,363 shares of the company's stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $92.56, for a total transaction of $126,159.28. Following the transaction, the insider now directly owns 6,567 shares of the company's stock, valued at $607,841.52. This represents a 17.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.40% 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.