Thrivent Financial for Lutherans Has $1.86 Million Stock Holdings in Maximus, Inc. (NYSE:MMS)

Thrivent Financial for Lutherans lessened its holdings in shares of Maximus, Inc. (NYSE:MMS) by 97.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 19,948 shares of the health services provider’s stock after selling 774,647 shares during the period. Thrivent Financial for Lutherans’ holdings in Maximus were worth $1,858,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in MMS. V Square Quantitative Management LLC acquired a new stake in shares of Maximus in the third quarter valued at approximately $25,000. GAMMA Investing LLC lifted its stake in Maximus by 224.5% in the second quarter. GAMMA Investing LLC now owns 344 shares of the health services provider’s stock valued at $29,000 after acquiring an additional 238 shares during the last quarter. Blue Trust Inc. grew its position in shares of Maximus by 201.5% in the 2nd quarter. Blue Trust Inc. now owns 392 shares of the health services provider’s stock valued at $33,000 after acquiring 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 last quarter. Finally, Ariadne Wealth Management LP acquired a new position in shares of Maximus in the second quarter valued at $90,000. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Michelle F. Link sold 1,363 shares of Maximus stock in a transaction 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 transaction, the insider now owns 6,567 shares of the company’s stock, valued at $607,841.52. This trade represents a 17.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is owned by corporate insiders.

Maximus Stock Performance

Shares of Maximus stock opened at $72.50 on Friday. The company has a 50 day moving average of $87.17 and a 200-day moving average of $87.75. The company has a market cap of $4.37 billion, a PE ratio of 14.50 and a beta of 0.77. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.59. Maximus, Inc. has a 1-year low of $71.75 and a 1-year high of $93.97.

Maximus Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, November 30th. Stockholders of record on Friday, November 15th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.20 annualized dividend and a dividend yield of 1.66%. Maximus’s payout ratio is 24.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Maximus from a “buy” rating to a “hold” rating in a report on Thursday.

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.