Fmr LLC Trims Stake in Maximus, Inc. (NYSE:MMS)

Fmr LLC reduced its stake in Maximus, Inc. (NYSE:MMS) by 3.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,824,958 shares of the health services provider’s stock after selling 294,302 shares during the quarter. Fmr LLC owned approximately 0.15% of Maximus worth $822,133,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of MMS. Inspire Advisors LLC lifted its holdings in shares of Maximus by 1.4% in the second quarter. Inspire Advisors LLC now owns 8,768 shares of the health services provider’s stock worth $751,000 after buying an additional 121 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Maximus by 4.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,179 shares of the health services provider’s stock worth $272,000 after purchasing an additional 136 shares in the last quarter. WR Wealth Planners LLC boosted its holdings in shares of Maximus by 4.6% during the 2nd quarter. WR Wealth Planners LLC now owns 4,525 shares of the health services provider’s stock valued at $388,000 after purchasing an additional 198 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Maximus by 224.5% during the second quarter. GAMMA Investing LLC now owns 344 shares of the health services provider’s stock valued at $29,000 after purchasing an additional 238 shares in the last quarter. Finally, Blue Trust Inc. grew its position 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 valued at $33,000 after purchasing an additional 262 shares in the last quarter. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Maximus Price Performance

Shares of Maximus stock opened at $72.50 on Thursday. The firm has a market cap of $4.37 billion, a PE ratio of 14.50 and a beta of 0.77. The stock has a 50 day moving average of $87.49 and a 200 day moving average of $87.86. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.59. Maximus, Inc. has a 12 month low of $71.75 and a 12 month high of $93.97.

Maximus Dividend Announcement

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 given a dividend of $0.30 per share. The ex-dividend date is Friday, November 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.66%. Maximus’s dividend payout ratio is currently 24.00%.

Insider Activity at Maximus

In other Maximus news, insider Michelle F. Link sold 1,363 shares of the stock in a transaction 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 completion of the transaction, the insider now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is currently owned by insiders.

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.