Natixis Advisors LLC Makes New Investment in Maximus, Inc. (NYSE:MMS)

Natixis Advisors LLC bought a new stake in Maximus, Inc. (NYSE:MMS - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 10,247 shares of the health services provider's stock, valued at approximately $955,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Quadrature Capital Ltd acquired a new position in Maximus during the 1st quarter worth approximately $238,000. Price T Rowe Associates Inc. MD raised its stake in Maximus by 6.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 38,100 shares of the health services provider's stock valued at $3,197,000 after buying an additional 2,322 shares in the last quarter. Bayesian Capital Management LP purchased a new stake in Maximus during the 1st quarter worth about $512,000. Tidal Investments LLC boosted its position in shares of Maximus by 238.9% during the 1st quarter. Tidal Investments LLC now owns 12,763 shares of the health services provider's stock worth $1,071,000 after acquiring an additional 8,997 shares in the last quarter. Finally, Virtu Financial LLC boosted its position in shares of Maximus by 16.4% during the 1st quarter. Virtu Financial LLC now owns 3,610 shares of the health services provider's stock worth $303,000 after acquiring an additional 508 shares in the last quarter. 97.21% of the stock is owned by institutional investors and hedge funds.

Maximus Stock Down 0.5 %

Shares of NYSE MMS traded down $0.39 during midday trading on Thursday, hitting $72.50. 1,701,725 shares of the company's stock were exchanged, compared to its average volume of 408,183. The firm's fifty day simple moving average is $87.17 and its 200-day simple moving average is $87.75. The company has a market cap of $4.37 billion, a PE ratio of 14.50 and a beta of 0.77. Maximus, Inc. has a twelve month low of $71.75 and a twelve month high of $93.97. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.49 and a quick ratio of 1.49.

Maximus Dividend Announcement

The business 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 $0.30 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.20 dividend on an annualized basis and a yield of 1.66%. Maximus's dividend payout ratio (DPR) is presently 24.00%.

Insider Buying and Selling at Maximus

In other news, insider Michelle F. Link sold 1,363 shares of the firm's stock in a transaction that occurred on Tuesday, October 1st. The shares were 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 in the company, valued at approximately $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 SEC, which is accessible through this link. 1.40% of the stock is currently owned by insiders.

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.