Orion Portfolio Solutions LLC Sells 1,792 Shares of Maximus, Inc. (NYSE:MMS)

Orion Portfolio Solutions LLC cut its holdings in Maximus, Inc. (NYSE:MMS) by 11.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,444 shares of the health services provider’s stock after selling 1,792 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Maximus were worth $1,252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. XTX Topco Ltd grew its stake in shares of Maximus by 234.1% in the third quarter. XTX Topco Ltd now owns 11,879 shares of the health services provider’s stock worth $1,107,000 after purchasing an additional 8,324 shares during the last quarter. EP Wealth Advisors LLC bought a new stake in shares of Maximus in the third quarter worth about $269,000. Quadrature Capital Ltd grew its stake in shares of Maximus by 6.0% in the third quarter. Quadrature Capital Ltd now owns 10,934 shares of the health services provider’s stock worth $1,018,000 after purchasing an additional 621 shares during the last quarter. Quarry LP grew its stake in shares of Maximus by 48.0% in the third quarter. Quarry LP now owns 1,017 shares of the health services provider’s stock worth $95,000 after purchasing an additional 330 shares during the last quarter. Finally, Petrus Trust Company LTA grew its stake in shares of Maximus by 2.7% in the third quarter. Petrus Trust Company LTA now owns 7,084 shares of the health services provider’s stock worth $660,000 after purchasing an additional 185 shares during the last quarter. 97.21% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Raymond B. Ruddy acquired 3,490 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was acquired at an average price of $71.46 per share, for a total transaction of $249,395.40. Following the completion of the acquisition, the director now owns 112,520 shares in the company, valued at $8,040,679.20. This trade represents a 3.20 % increase 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 hyperlink. Also, insider Michelle F. Link sold 2,208 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $73.83, for a total value of $163,016.64. Following the completion of the transaction, the insider now owns 6,567 shares of the company’s stock, valued at approximately $484,841.61. This trade represents a 25.16 % decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.

Maximus Price Performance

MMS opened at $69.81 on Friday. The stock has a fifty day simple moving average of $82.58 and a two-hundred day simple moving average of $86.60. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.59. The company has a market cap of $4.21 billion, a price-to-earnings ratio of 13.96 and a beta of 0.73. Maximus, Inc. has a 12-month low of $69.72 and a 12-month high of $93.97.

Maximus Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, November 30th. Shareholders of record on Friday, November 15th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.20 dividend on an annualized basis and a yield of 1.72%. Maximus’s dividend payout ratio (DPR) is 24.00%.

Analysts Set New Price Targets

Separately, StockNews.com cut Maximus from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th.

About Maximus

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.