Maximus Inc. (MMS) Stock Rating Lowered by Sidoti
Maximus Inc. (NYSE:MMS) was downgraded by equities research analysts at Sidoti from a “buy” rating to a “neutral” rating in a note issued to investors on Tuesday.
Several other research firms have also recently weighed in on MMS. Raymond James Financial Inc. cut Maximus from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 9th. Maxim Group cut Maximus from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 9th. Finally, Zacks Investment Research cut Maximus from a “hold” rating to a “sell” rating in a report on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. Maximus presently has a consensus rating of “Hold” and an average price target of $62.75.
Maximus (NYSE:MMS) opened at 54.39 on Tuesday. The company’s 50 day moving average price is $53.73 and its 200-day moving average price is $56.15. Maximus has a one year low of $43.69 and a one year high of $61.68. The company has a market cap of $3.58 billion, a P/E ratio of 20.22 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 earned $623.10 million during the quarter, compared to analysts’ expectations of $610.65 million. Maximus had a return on equity of 24.93% and a net margin of 7.42%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 EPS. On average, analysts forecast that Maximus will post $3.02 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Tuesday, November 15th will be paid a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date of this dividend is Thursday, November 10th. Maximus’s dividend payout ratio is currently 6.67%.
In other Maximus news, CFO Richard John Nadeau purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 11th. The stock was purchased at an average cost of $50.10 per share, with a total value of $50,100.00. Following the purchase, the chief financial officer now owns 10,256 shares of the company’s stock, valued at $513,825.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Bruce Caswell sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $56.99, for a total value of $1,139,800.00. Following the sale, the president now directly owns 36,386 shares of the company’s stock, valued at $2,073,638.14. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company’s stock.
Several large investors have recently modified their holdings of MMS. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Maximus by 13.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,147 shares of the company’s stock worth $121,000 after buying an additional 253 shares during the period. Navellier & Associates Inc purchased a new stake in shares of Maximus during the second quarter worth $208,000. Parametrica Management Ltd purchased a new stake in shares of Maximus during the second quarter worth $216,000. LS Investment Advisors LLC raised its stake in shares of Maximus by 70.9% in the second quarter. LS Investment Advisors LLC now owns 3,928 shares of the company’s stock worth $217,000 after buying an additional 1,630 shares during the period. Finally, Sei Investments Co. raised its stake in shares of Maximus by 12.7% in the third quarter. Sei Investments Co. now owns 4,046 shares of the company’s stock worth $229,000 after buying an additional 457 shares during the period. 99.00% of the stock is owned by hedge funds and other institutional investors.
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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