UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Stock Position in Maximus, Inc. (NYSE:MMS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of Maximus, Inc. (NYSE:MMS - Free Report) by 8.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,754 shares of the health services provider's stock after selling 11,779 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.21% of Maximus worth $11,622,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in shares of Maximus in the third quarter valued at approximately $25,000. GAMMA Investing LLC boosted its stake in Maximus by 224.5% during the 2nd quarter. GAMMA Investing LLC now owns 344 shares of the health services provider's stock worth $29,000 after purchasing an additional 238 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Maximus by 201.5% during the second quarter. Blue Trust Inc. now owns 392 shares of the health services provider's stock worth $33,000 after buying an additional 262 shares in the last quarter. Archer Investment Corp raised its position in shares of Maximus by 8,788.9% in the second quarter. Archer Investment Corp now owns 800 shares of the health services provider's stock valued at $69,000 after buying an additional 791 shares during the last quarter. Finally, Ariadne Wealth Management LP purchased a new position in shares of Maximus in the second quarter worth about $90,000. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Maximus Price Performance

Shares of NYSE:MMS traded down $1.14 during midday trading on Friday, hitting $72.70. The company had a trading volume of 655,672 shares, compared to its average volume of 1,196,237. The business's 50-day simple moving average is $84.71 and its 200-day simple moving average is $87.13. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of 14.54 and a beta of 0.73. 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, Inc. has a twelve month low of $71.75 and a twelve month high of $93.97.

Maximus Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, November 30th. Shareholders of record on Friday, November 15th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date was Friday, November 15th. Maximus's dividend payout ratio (DPR) is presently 24.00%.

Analyst Upgrades and Downgrades

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

Insider Transactions at Maximus

In other news, insider Michelle F. Link sold 2,208 shares of Maximus stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $73.83, for a total transaction of $163,016.64. Following the sale, the insider now owns 6,567 shares of the company's stock, valued at approximately $484,841.61. The trade was a 25.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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.