Wellington Management Group LLP Decreases Stock Holdings in Maximus, Inc. (NYSE:MMS)

Wellington Management Group LLP lessened its stake in shares of Maximus, Inc. (NYSE:MMS) by 19.5% during the 3rd quarter, Holdings Channel reports. The fund owned 402,880 shares of the health services provider’s stock after selling 97,699 shares during the quarter. Wellington Management Group LLP’s holdings in Maximus were worth $37,532,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Assenagon Asset Management S.A. grew its position in Maximus by 277.0% in the third quarter. Assenagon Asset Management S.A. now owns 878,894 shares of the health services provider’s stock worth $81,878,000 after acquiring an additional 645,760 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Maximus by 942.9% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 323,300 shares of the health services provider’s stock valued at $27,707,000 after purchasing an additional 292,300 shares during the last quarter. Millennium Management LLC lifted its position in Maximus by 150.4% in the second quarter. Millennium Management LLC now owns 406,075 shares of the health services provider’s stock valued at $34,801,000 after buying an additional 243,890 shares during the last quarter. Sio Capital Management LLC acquired a new position in Maximus in the third quarter valued at about $14,453,000. Finally, Algert Global LLC purchased a new position in Maximus during the second quarter worth about $12,424,000. Institutional investors and hedge funds own 97.21% of the company’s stock.

Insider Buying and Selling at Maximus

In other Maximus news, insider Michelle F. Link sold 1,363 shares of the 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 sale, the insider now directly owns 6,567 shares in the company, valued at $607,841.52. This represents a 17.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is currently owned by corporate insiders.

Maximus Stock Down 0.5 %

NYSE:MMS opened at $70.67 on Friday. Maximus, Inc. has a 52 week low of $70.00 and a 52 week high of $93.97. The stock’s fifty day moving average is $83.01 and its two-hundred day moving average is $86.70. The stock has a market capitalization of $4.26 billion, a price-to-earnings ratio of 14.13 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.

Maximus Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, November 30th. Investors of record on Friday, November 15th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date was Friday, November 15th. Maximus’s dividend payout ratio (DPR) is 24.00%.

Analyst Ratings Changes

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

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.