Natixis Advisors LLC Takes Position in Maximus, Inc. (NYSE:MMS)

Natixis Advisors LLC purchased a new stake in Maximus, Inc. (NYSE:MMS) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,247 shares of the health services provider’s stock, valued at approximately $955,000.

A number of other institutional investors also recently modified their holdings of MMS. V Square Quantitative Management LLC bought a new stake in Maximus during the third quarter worth about $25,000. GAMMA Investing LLC raised its holdings in Maximus by 224.5% during the second quarter. GAMMA Investing LLC now owns 344 shares of the health services provider’s stock worth $29,000 after acquiring an additional 238 shares in the last quarter. Blue Trust Inc. raised its holdings in 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 acquiring an additional 262 shares in the last quarter. Archer Investment Corp raised its holdings in Maximus by 8,788.9% during the second quarter. Archer Investment Corp now owns 800 shares of the health services provider’s stock worth $69,000 after acquiring an additional 791 shares in the last quarter. Finally, Ariadne Wealth Management LP bought a new stake in Maximus during the second quarter worth about $90,000. 97.21% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Michelle F. Link sold 1,363 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $92.56, for a total value of $126,159.28. Following the transaction, the insider now 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. Company insiders own 1.40% of the company’s stock.

Maximus Stock Performance

MMS opened at $72.50 on Thursday. The business’s 50-day simple moving average is $87.49 and its 200 day simple moving average is $87.86. The firm has a market capitalization of $4.37 billion, a PE ratio of 14.42 and a beta of 0.77. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.49 and a current ratio of 1.49. Maximus, Inc. has a 52-week low of $71.75 and a 52-week high of $93.97.

Maximus Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, November 30th. Shareholders of record on Friday, November 15th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Friday, November 15th. Maximus’s dividend payout ratio (DPR) is presently 24.00%.

Maximus 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.