Maximus Inc. (MMS) Downgraded to Sell at Zacks Investment Research
According to Zacks, “MAXIMUS, Inc. is an extremely dynamic and complex organization that offers government and industry a range of unique services, products, and solutions. The diverse services and products that MAXIMUS offers may be categorized into three groups: Government Program Management and Operations, Consulting, and Systems. Government Program Management and Operations focuses on having a measurable impact on the lives of the citizens we help government serve. The insights of MAXIMUS Consulting, and the technological innovations advanced through Systems, help government gain program efficiencies and pursue improvements that in turn benefit citizens. “
A number of other research analysts have also recently issued reports on MMS. KeyCorp initiated coverage on shares of Maximus in a research report on Thursday, June 30th. They set an overweight rating and a $63.00 price target for the company. Maxim Group lifted their price target on shares of Maximus from $71.00 to $74.00 and gave the company a buy rating in a research report on Thursday, August 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus target price of $63.00.
Shares of Maximus (NYSE:MMS) traded down 0.81% during trading on Wednesday, hitting $55.13. 62,059 shares of the stock traded hands. The firm has a market cap of $3.58 billion, a price-to-earnings ratio of 22.53 and a beta of 1.15. Maximus has a 12 month low of $45.15 and a 12 month high of $69.85. The company has a 50 day moving average price of $57.63 and a 200 day moving average price of $55.77.
Maximus (NYSE:MMS) last posted its earnings results on Thursday, August 4th. The company reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.04. Maximus had a net margin of 6.91% and a return on equity of 23.89%. The firm earned $617.10 million during the quarter, compared to analysts’ expectations of $625.62 million. During the same period last year, the company posted $0.62 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. Analysts anticipate that Maximus will post $2.65 earnings per share for the current fiscal year.
In related news, General Counsel David Francis sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $58.91, for a total transaction of $88,365.00. Following the completion of the sale, the general counsel now directly owns 23,436 shares in the company, valued at $1,380,614.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Raymond B. Ruddy sold 18,000 shares of the business’s stock in a transaction that occurred on Thursday, July 14th. The shares were sold at an average price of $60.00, for a total transaction of $1,080,000.00. Following the sale, the director now owns 295,552 shares of the company’s stock, valued at $17,733,120. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Makaira Partners LLC purchased a new position in Maximus during the first quarter worth $23,251,000. Wellington Management Group LLP raised its position in Maximus by 0.7% in the first quarter. Wellington Management Group LLP now owns 1,126,578 shares of the company’s stock worth $59,303,000 after buying an additional 7,330 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Maximus by 67.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,211,350 shares of the company’s stock worth $63,765,000 after buying an additional 488,027 shares during the last quarter. UBS Group AG raised its position in Maximus by 81.4% in the first quarter. UBS Group AG now owns 15,772 shares of the company’s stock worth $831,000 after buying an additional 7,076 shares during the last quarter. Finally, State Street Corp raised its position in Maximus by 0.9% in the first quarter. State Street Corp now owns 2,113,848 shares of the company’s stock worth $111,276,000 after buying an additional 17,949 shares during the last quarter. Institutional investors and hedge funds own 99.00% of the company’s stock.
Maximus Company Profile
MAXIMUS, Inc provides business process services (BPS) to Government health and human services agencies. The Company is primarily focused on operating Government-sponsored programs, such as Medicaid, children’s health insurance program (CHIP), health insurance exchanges and other health care reform initiatives, Medicare, welfare-to-work, child support services and other Government programs.
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