Maximus Inc. (MMS) Rating Reiterated by Jefferies Group
Maximus Inc. (NYSE:MMS)‘s stock had its “buy” rating restated by investment analysts at Jefferies Group in a research note issued on Wednesday. They currently have a $65.00 target price on the stock, down from their prior target price of $67.00. Jefferies Group’s target price would indicate a potential upside of 18.03% from the stock’s previous close.
Several other equities research analysts have also commented on the stock. Maxim Group boosted their price objective on shares of Maximus from $71.00 to $74.00 and gave the stock a “buy” rating in a research note on Thursday, August 4th. Zacks Investment Research lowered shares of Maximus from a “hold” rating to a “sell” rating in a research note on Saturday, November 12th. Sidoti lowered shares of Maximus from a “buy” rating to a “neutral” rating in a research note on Tuesday. Finally, Raymond James Financial Inc. lowered shares of Maximus from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $62.75.
Shares of Maximus (NYSE:MMS) opened at 55.07 on Wednesday. The firm has a 50-day moving average of $53.73 and a 200-day moving average of $56.15. The company has a market capitalization of $3.62 billion, a P/E ratio of 20.47 and a beta of 1.15. Maximus has a 12 month low of $43.69 and a 12 month high of $61.68.
Maximus (NYSE:MMS) last announced its earnings results on Thursday, November 10th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.05. The firm had revenue of $623.10 million for the quarter, compared to analyst estimates of $610.65 million. Maximus had a net margin of 7.42% and a return on equity of 24.93%. The company’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 firm posted $0.53 EPS. On average, equities analysts predict that Maximus will post $3.00 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Tuesday, November 15th will be issued a $0.045 dividend. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $0.18 annualized dividend and a yield of 0.33%. Maximus’s dividend payout ratio (DPR) is presently 6.67%.
In other news, CEO Richard A. Montoni sold 25,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 620,282 shares of the company’s stock, valued at $36,410,553.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Richard John Nadeau acquired 1,000 shares of the firm’s stock in a transaction dated Friday, November 11th. The shares were bought at an average cost of $50.10 per share, with a total value of $50,100.00. Following the completion of the acquisition, the chief financial officer now directly owns 10,256 shares of the company’s stock, valued at $513,825.60. The disclosure for this purchase can be found here. 3.60% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc boosted its position in Maximus by 0.5% in the second quarter. Legal & General Group Plc now owns 15,986 shares of the company’s stock valued at $870,000 after buying an additional 80 shares during the last quarter. State Treasurer State of Michigan boosted its position in Maximus by 0.4% in the second quarter. State Treasurer State of Michigan now owns 26,000 shares of the company’s stock valued at $1,440,000 after buying an additional 100 shares during the last quarter. LS Investment Advisors LLC boosted its position in Maximus by 5.7% in the third quarter. LS Investment Advisors LLC now owns 4,150 shares of the company’s stock valued at $235,000 after buying an additional 222 shares during the last quarter. 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. Finally, Advisor Group Inc. boosted its position in Maximus by 1.7% in the third quarter. Advisor Group Inc. now owns 16,208 shares of the company’s stock valued at $874,000 after buying an additional 270 shares during the last quarter. 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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