Principal Financial Group Inc. Lowers Position in Maximus, Inc. (NYSE:MMS)

Principal Financial Group Inc. trimmed its position in shares of Maximus, Inc. (NYSE:MMS) by 20.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 164,043 shares of the health services provider’s stock after selling 42,128 shares during the quarter. Principal Financial Group Inc. owned 0.27% of Maximus worth $15,282,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in Maximus during the 3rd quarter valued at about $25,000. GAMMA Investing LLC increased its position 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 buying an additional 238 shares during the period. Blue Trust Inc. increased its position 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 buying an additional 262 shares during the period. Archer Investment Corp increased its position 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 buying an additional 791 shares during the period. Finally, Ariadne Wealth Management LP acquired a new position in Maximus during the second quarter worth approximately $90,000. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Maximus

In related news, insider Michelle F. Link sold 1,363 shares of Maximus stock in a transaction 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 in the company, valued at approximately $607,841.52. This trade represents a 17.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is currently owned by company insiders.

Maximus Trading Down 2.0 %

NYSE MMS opened at $79.18 on Friday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.61. The firm has a 50-day moving average price of $89.02 and a 200 day moving average price of $88.11. The stock has a market capitalization of $4.77 billion, a P/E ratio of 16.60 and a beta of 0.77. Maximus, Inc. has a 52-week low of $76.42 and a 52-week high of $93.97.

Maximus Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, November 30th. Investors of record on Friday, November 15th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Friday, November 15th. Maximus’s payout ratio is currently 25.16%.

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.