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. “
Other analysts have also recently issued research reports about the stock. Raymond James Financial Inc. cut shares of Maximus from an outperform rating to a market perform rating in a report on Wednesday. Maxim Group cut shares of Maximus from an outperform rating to a market perform rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of $63.00.
Shares of Maximus (NYSE:MMS) opened at 52.02 on Friday. Maximus has a one year low of $43.69 and a one year high of $61.68. The stock has a 50 day moving average of $53.95 and a 200 day moving average of $56.12. The stock has a market cap of $3.38 billion, a P/E ratio of 21.26 and a beta of 1.15.
Maximus (NYSE:MMS) last released its quarterly earnings results on Thursday, November 10th. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.05. The business had revenue of $623.10 million for the quarter, compared to analysts’ expectations of $610.65 million. Maximus had a net margin of 6.91% and a return on equity of 23.89%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.53 earnings per share. On average, analysts forecast that Maximus will post $2.65 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Tuesday, November 15th will be given a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a dividend yield of 0.35%. The ex-dividend date of this dividend is Thursday, November 10th. Maximus’s payout ratio is currently 7.32%.
In other news, President Bruce Caswell sold 30,000 shares of the company’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $58.98, for a total transaction of $1,769,400.00. Following the completion of the sale, the president now owns 39,386 shares of the company’s stock, valued at approximately $2,322,986.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard A. Montoni sold 25,000 shares of the company’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $58.70, for a total transaction of $1,467,500.00. Following the sale, the chief executive officer now directly owns 620,282 shares of the company’s stock, valued at approximately $36,410,553.40. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Navellier & Associates Inc acquired a new stake in Maximus during the second quarter valued at approximately $208,000. Parametrica Management Ltd acquired a new stake in Maximus during the second quarter valued at approximately $216,000. LS Investment Advisors LLC raised its stake in Maximus by 70.9% in the second quarter. LS Investment Advisors LLC now owns 3,928 shares of the company’s stock valued at $217,000 after buying an additional 1,630 shares during the last quarter. Sei Investments Co. raised its stake in Maximus by 12.7% in the third quarter. Sei Investments Co. now owns 4,046 shares of the company’s stock valued at $229,000 after buying an additional 457 shares during the last quarter. Finally, World Asset Management Inc acquired a new stake in Maximus during the third quarter valued at approximately $238,000. 99.00% of the stock is owned by hedge funds and other institutional investors.
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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