Maximus, Inc. (NYSE:MMS) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its position in Maximus, Inc. (NYSE:MMS - Free Report) by 70.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 922,612 shares of the health services provider's stock after selling 2,187,120 shares during the quarter. Victory Capital Management Inc. owned approximately 1.53% of Maximus worth $85,951,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Entropy Technologies LP acquired a new position in Maximus during the 3rd quarter worth approximately $214,000. Versor Investments LP raised its position 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 acquiring an additional 5,789 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of Maximus by 9.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,152 shares of the health services provider's stock worth $387,000 after purchasing an additional 369 shares in the last quarter. Covestor Ltd grew its holdings in Maximus by 913.0% during the 3rd quarter. Covestor Ltd now owns 1,246 shares of the health services provider's stock valued at $116,000 after buying an additional 1,123 shares during the last quarter. Finally, Atria Investments Inc acquired a new position in shares of Maximus in the third quarter worth $244,000. 97.21% of the stock is owned by institutional investors and hedge funds.

Maximus Trading Down 7.8 %

MMS traded down $6.89 during trading on Thursday, hitting $81.06. The company's stock had a trading volume of 1,565,438 shares, compared to its average volume of 362,766. Maximus, Inc. has a twelve month low of $76.42 and a twelve month high of $93.97. The firm's 50 day moving average price is $89.35 and its 200-day moving average price is $88.18. 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 market cap of $4.88 billion, a PE ratio of 18.44 and a beta of 0.77.

Maximus Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, November 30th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Friday, November 15th. Maximus's payout ratio is currently 25.16%.

Insider Buying and Selling

In other Maximus news, insider Michelle F. Link sold 1,363 shares of the stock in a transaction that occurred on 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 of the company's stock, 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 through the SEC website. Corporate 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.