Jane Street Group LLC Cuts Stock Holdings in Maximus, Inc. (NYSE:MMS)

Jane Street Group LLC reduced its position in Maximus, Inc. (NYSE:MMS - Free Report) by 42.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 71,932 shares of the health services provider's stock after selling 52,625 shares during the quarter. Jane Street Group LLC owned about 0.12% of Maximus worth $6,701,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quadrature Capital Ltd lifted its stake in shares of Maximus by 6.0% in the third quarter. Quadrature Capital Ltd now owns 10,934 shares of the health services provider's stock worth $1,018,000 after buying an additional 621 shares in the last quarter. Quarry LP lifted its stake in Maximus by 48.0% in the 3rd quarter. Quarry LP now owns 1,017 shares of the health services provider's stock worth $95,000 after purchasing an additional 330 shares in the last quarter. Petrus Trust Company LTA boosted its holdings in shares of Maximus by 2.7% during the 3rd quarter. Petrus Trust Company LTA now owns 7,084 shares of the health services provider's stock worth $660,000 after purchasing an additional 185 shares during the last quarter. Holocene Advisors LP increased its holdings in shares of Maximus by 6.5% in the third quarter. Holocene Advisors LP now owns 3,927 shares of the health services provider's stock valued at $366,000 after purchasing an additional 239 shares during the last quarter. Finally, Verition Fund Management LLC increased its holdings in shares of Maximus by 83.3% in the third quarter. Verition Fund Management LLC now owns 8,331 shares of the health services provider's stock valued at $776,000 after purchasing an additional 3,786 shares during the last quarter. Hedge funds and other institutional investors own 97.21% of the company's stock.

Insider Activity

In other Maximus news, insider Michelle F. Link sold 1,363 shares of Maximus stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $92.56, for a total transaction 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 trade represents a 17.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Raymond B. Ruddy purchased 3,490 shares of Maximus stock in a transaction dated Thursday, December 12th. The stock was bought at an average cost of $71.46 per share, for a total transaction of $249,395.40. Following the completion of the purchase, the director now directly owns 112,520 shares in the company, valued at approximately $8,040,679.20. This trade represents a 3.20 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.40% of the company's stock.

Maximus Trading Down 1.3 %

Maximus stock traded down $0.90 during midday trading on Friday, hitting $69.81. 665,446 shares of the stock were exchanged, compared to its average volume of 432,174. 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 stock's 50-day simple moving average is $82.58 and its 200 day simple moving average is $86.62. Maximus, Inc. has a fifty-two week low of $69.72 and a fifty-two week high of $93.97. The stock has a market capitalization of $4.21 billion, a price-to-earnings ratio of 13.96 and a beta of 0.73.

Maximus Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, November 30th. Stockholders of record on Friday, November 15th were issued a dividend of $0.30 per share. 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 1.72%. Maximus's dividend payout ratio is currently 24.00%.

Analysts Set New Price Targets

Separately, StockNews.com cut Maximus from a "buy" rating to a "hold" rating in a report on Thursday, November 28th.

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.