Crossmark Global Holdings Inc. Acquires 369 Shares of Maximus, Inc. (NYSE:MMS)

Crossmark Global Holdings Inc. lifted its holdings in Maximus, Inc. (NYSE:MMS) by 9.8% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 4,152 shares of the health services provider’s stock after acquiring an additional 369 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Maximus were worth $387,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Covestor Ltd boosted its holdings in Maximus by 913.0% during the 3rd quarter. Covestor Ltd now owns 1,246 shares of the health services provider’s stock valued at $116,000 after acquiring an additional 1,123 shares during the period. Atria Investments Inc bought a new stake in Maximus in the third quarter valued at approximately $244,000. Radnor Capital Management LLC purchased a new stake in shares of Maximus during the third quarter valued at approximately $2,019,000. QRG Capital Management Inc. grew its holdings in shares of Maximus by 31.9% in the third quarter. QRG Capital Management Inc. now owns 4,336 shares of the health services provider’s stock worth $404,000 after purchasing an additional 1,048 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of Maximus by 32.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 17,635 shares of the health services provider’s stock worth $1,643,000 after buying an additional 4,354 shares during the period. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Maximus Trading Down 2.3 %

NYSE:MMS opened at $79.18 on Monday. The firm has a market capitalization of $4.77 billion, a P/E ratio of 16.60 and a beta of 0.77. 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 company has a fifty day moving average of $89.02 and a 200 day moving average of $88.22. 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 announced a quarterly dividend, which will be paid on Saturday, November 30th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.52%. Maximus’s dividend payout ratio is currently 25.16%.

Insider Buying and Selling

In related 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 transaction of $126,159.28. Following the completion of the transaction, the insider now owns 6,567 shares in the company, valued at $607,841.52. This 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 is available through this hyperlink. 1.40% of the stock is owned by insiders.

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.