Virtu Financial LLC Invests $319,000 in Maximus, Inc. (NYSE:MMS)

Virtu Financial LLC purchased a new position in shares of Maximus, Inc. (NYSE:MMS) during the third quarter, Holdings Channel reports. The firm purchased 3,428 shares of the health services provider’s stock, valued at approximately $319,000.

Several other large investors also recently bought and sold shares of the business. V Square Quantitative Management LLC acquired a new position in shares of Maximus during the 3rd quarter worth approximately $25,000. Blue Trust Inc. boosted its stake 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 last quarter. Archer Investment Corp grew its holdings in Maximus by 8,788.9% in the 2nd quarter. Archer Investment Corp now owns 800 shares of the health services provider’s stock valued at $69,000 after buying an additional 791 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Maximus by 150.6% in the 3rd quarter. GAMMA Investing LLC now owns 862 shares of the health services provider’s stock worth $80,000 after acquiring an additional 518 shares during the last quarter. Finally, Ariadne Wealth Management LP purchased a new position in shares of Maximus during the 2nd quarter worth $90,000. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Analysts Set New Price Targets

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

Maximus Stock Up 2.2 %

Shares of NYSE MMS opened at $71.33 on Tuesday. The company has a market capitalization of $4.30 billion, a P/E ratio of 14.27 and a beta of 0.73. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.49 and a quick ratio of 1.49. The company has a 50 day simple moving average of $82.19 and a 200-day simple moving average of $86.52. Maximus, Inc. has a 1 year low of $69.72 and a 1 year high of $93.97.

Maximus Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, November 30th. Shareholders of record on Friday, November 15th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.20 annualized dividend and a yield of 1.68%. Maximus’s dividend payout ratio (DPR) is 24.00%.

Insider Buying and Selling at Maximus

In related news, Director Raymond B. Ruddy acquired 3,490 shares of Maximus stock in a transaction that occurred on Thursday, December 12th. The shares were purchased at an average cost of $71.46 per share, for a total transaction of $249,395.40. Following the acquisition, the director now owns 112,520 shares in the company, valued at approximately $8,040,679.20. This represents a 3.20 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Michelle F. Link sold 1,363 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 6,567 shares in the company, valued at $607,841.52. The trade was a 17.19 % decrease in their position. The disclosure for this sale can be found here. 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.