Maximus, Inc. (NYSE:MMS) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its position in shares of Maximus, Inc. (NYSE:MMS - Free Report) by 20.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 164,043 shares of the health services provider's stock after selling 42,128 shares during the period. Principal Financial Group Inc. owned about 0.27% of Maximus worth $15,282,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new position in shares of Maximus in the 3rd quarter worth approximately $25,000. Archer Investment Corp grew its holdings in Maximus by 8,788.9% in the second quarter. Archer Investment Corp now owns 800 shares of the health services provider's stock worth $69,000 after purchasing an additional 791 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Maximus by 150.6% during the third quarter. GAMMA Investing LLC now owns 862 shares of the health services provider's stock worth $80,000 after purchasing an additional 518 shares in the last quarter. Ariadne Wealth Management LP acquired a new position in shares of Maximus during the second quarter worth $90,000. Finally, Quarry LP lifted its holdings in shares of Maximus by 48.0% during the 3rd quarter. Quarry LP now owns 1,017 shares of the health services provider's stock valued at $95,000 after purchasing an additional 330 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors.

Maximus Stock Down 0.7 %

Shares of MMS traded down $0.52 during mid-day trading on Friday, hitting $72.92. 580,795 shares of the company traded hands, compared to its average volume of 448,261. The company has a market capitalization of $4.40 billion, a PE ratio of 14.58 and a beta of 0.73. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.59. The business has a 50 day moving average of $78.96 and a 200 day moving average of $85.66. Maximus, Inc. has a 1-year low of $69.72 and a 1-year high of $93.97.

Maximus Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, November 30th. Shareholders of record on Friday, November 15th were issued a $0.30 dividend. 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 1.65%. Maximus's dividend payout ratio is currently 24.00%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Maximus from a "buy" rating to a "hold" rating in a research note on Friday.

Insider Transactions at Maximus

In other Maximus news, insider Michelle F. Link sold 1,363 shares of the company's stock in a transaction 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 sale, the insider now directly owns 6,567 shares of the company's stock, valued at approximately $607,841.52. This represents a 17.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Bruce Caswell purchased 3,500 shares of the business's stock in a transaction on Tuesday, December 17th. The shares were bought at an average cost of $70.64 per share, for a total transaction of $247,240.00. Following the completion of the transaction, the chief executive officer now directly owns 275,929 shares in the company, valued at $19,491,624.56. This trade represents a 1.28 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 7,063 shares of company stock worth $502,017. Company insiders own 1.40% of the company's stock.

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.