Maximus Inc. (NYSE:MMS) General Counsel David Francis sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $55.00, for a total value of $110,000.00. Following the completion of the sale, the general counsel now directly owns 27,616 shares in the company, valued at approximately $1,518,880. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

David Francis also recently made the following trade(s):

  • On Friday, October 14th, David Francis sold 2,000 shares of Maximus stock. The shares were sold at an average price of $55.00, for a total value of $110,000.00.
  • On Thursday, September 1st, David Francis sold 1,500 shares of Maximus stock. The shares were sold at an average price of $58.69, for a total transaction of $88,035.00.

Maximus Inc. (NYSE:MMS) traded up 0.65% on Friday, hitting $55.43. 115,691 shares of the stock traded hands. The firm has a market cap of $3.65 billion, a price-to-earnings ratio of 20.61 and a beta of 1.15. Maximus Inc. has a 12-month low of $43.69 and a 12-month high of $61.68. The stock has a 50-day moving average of $53.68 and a 200-day moving average of $56.14.

Maximus (NYSE:MMS) last issued its quarterly earnings data on Thursday, November 10th. The company reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.05. Maximus had a net margin of 7.42% and a return on equity of 24.93%. The business earned $623.10 million during the quarter, compared to analysts’ expectations of $610.65 million. During the same period in the previous year, the company earned $0.53 earnings per share. Maximus’s revenue for the quarter was up 7.7% on a year-over-year basis. Analysts forecast that Maximus Inc. will post $3.00 earnings per share for the current year.

Insider Buying and Selling by Quarter for Maximus (NYSE:MMS)

The business also recently announced 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 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend is Thursday, November 10th. Maximus’s payout ratio is currently 6.67%.

Several brokerages have weighed in on MMS. Raymond James Financial Inc. lowered shares of Maximus from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 9th. Maxim Group lowered shares of Maximus from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 9th. Zacks Investment Research lowered shares of Maximus from a “hold” rating to a “sell” rating in a report on Wednesday, August 3rd. Sidoti lowered shares of Maximus from a “buy” rating to a “neutral” rating in a report on Tuesday. Finally, Jefferies Group reissued a “buy” rating and set a $65.00 price objective (down from $67.00) on shares of Maximus in a report on Wednesday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. Maximus currently has an average rating of “Hold” and an average price target of $62.75.

Institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Maximus by 13.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,147 shares of the company’s stock valued at $121,000 after buying an additional 253 shares during the last quarter. Navellier & Associates Inc bought a new position in Maximus during the second quarter valued at approximately $208,000. Parametrica Management Ltd bought a new position in Maximus during the second quarter valued at approximately $216,000. LS Investment Advisors LLC boosted its position 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. Finally, Sei Investments Co. boosted its position 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. Hedge funds and other institutional investors 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.

5 Day Chart for NYSE:MMS

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