Maximus, Inc. (NYSE:MMS) Stake Cut by Hilton Capital Management LLC

Hilton Capital Management LLC lessened its holdings in shares of Maximus, Inc. (NYSE:MMS) by 28.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 14,924 shares of the health services provider’s stock after selling 5,792 shares during the period. Hilton Capital Management LLC’s holdings in Maximus were worth $1,390,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in MMS. Assenagon Asset Management S.A. raised its position in Maximus by 151.6% during the second quarter. Assenagon Asset Management S.A. now owns 233,134 shares of the health services provider’s stock valued at $19,980,000 after acquiring an additional 140,481 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Maximus by 942.9% during the second 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 buying an additional 292,300 shares during the last quarter. Tidal Investments LLC lifted its position in shares of Maximus by 238.9% in the 1st quarter. Tidal Investments LLC now owns 12,763 shares of the health services provider’s stock worth $1,071,000 after acquiring an additional 8,997 shares during the period. Vanguard Group Inc. lifted its position in Maximus by 2.4% in the first quarter. Vanguard Group Inc. now owns 6,208,839 shares of the health services provider’s stock worth $520,922,000 after purchasing an additional 145,983 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of Maximus by 609.6% during the 2nd quarter. SG Americas Securities LLC now owns 14,278 shares of the health services provider’s stock worth $1,224,000 after acquiring an additional 12,266 shares during the period. Institutional investors and hedge funds own 97.21% of the company’s stock.

Maximus Trading Up 0.9 %

Shares of MMS opened at $80.53 on Thursday. The stock has a 50 day simple moving average of $88.64 and a 200-day simple moving average of $88.13. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.61. The stock has a market cap of $4.85 billion, a PE ratio of 16.88 and a beta of 0.77. Maximus, Inc. has a 1 year low of $76.46 and a 1 year high of $93.97.

Maximus Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, November 30th. Investors 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 dividend yield of 1.49%. The ex-dividend date of this dividend is Friday, November 15th. Maximus’s dividend payout ratio (DPR) is currently 25.16%.

Insider Buying and Selling at Maximus

In related news, insider Michelle F. Link sold 1,363 shares of the business’s 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 completion of the sale, the insider now directly owns 6,567 shares of the company’s stock, valued at $607,841.52. The trade was a 17.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.40% of the company’s stock.

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.