Maximus Inc. (MMS) CEO Sells $1,425,000.00 in Stock
Maximus Inc. (NYSE:MMS) CEO Richard A. Montoni sold 25,000 shares of Maximus stock in a transaction dated Friday, November 25th. The stock was sold at an average price of $57.00, for a total transaction of $1,425,000.00. Following the transaction, the chief executive officer now directly owns 641,114 shares in the company, valued at $36,543,498. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Maximus Inc. (NYSE:MMS) opened at 57.33 on Friday. Maximus Inc. has a one year low of $43.69 and a one year high of $61.68. The company has a 50 day moving average of $53.77 and a 200-day moving average of $56.30. The firm has a market cap of $3.77 billion, a PE ratio of 21.31 and a beta of 1.15.
Maximus (NYSE:MMS) last released its earnings results on Thursday, November 10th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.05. The company 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 firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.53 EPS. On average, equities research analysts predict that Maximus Inc. 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 is Thursday, November 10th. This represents a $0.18 dividend on an annualized basis and a yield of 0.31%. Maximus’s dividend payout ratio (DPR) is 6.67%.
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A number of equities research analysts have weighed in on MMS shares. Zacks Investment Research cut shares of Maximus from a “hold” rating to a “sell” rating in a research report on Wednesday, August 3rd. 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. Raymond James Financial Inc. cut shares of Maximus from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 9th. Sidoti cut shares of Maximus from a “buy” rating to a “neutral” rating and set a $55.00 price target for the company. in a research report on Tuesday, November 15th. Finally, Jefferies Group reiterated a “buy” rating and set a $65.00 price target (down from $67.00) on shares of Maximus in a research report on Wednesday, November 16th. 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. The company currently has a consensus rating of “Hold” and an average target price of $61.89.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. 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 period. Metropolitan Life Insurance Co. NY raised its position in Maximus by 2.2% in the first quarter. Metropolitan Life Insurance Co. NY now owns 103,228 shares of the company’s stock worth $5,434,000 after buying an additional 2,177 shares during the period. Arizona State Retirement System raised its position in Maximus by 5.0% in the first quarter. Arizona State Retirement System now owns 35,631 shares of the company’s stock worth $1,876,000 after buying an additional 1,700 shares during the period. Royal Bank of Canada raised its position in Maximus by 7.1% in the first quarter. Royal Bank of Canada now owns 537,958 shares of the company’s stock worth $28,319,000 after buying an additional 35,435 shares during the period. Finally, Squarepoint Ops LLC purchased a new position in Maximus during the first quarter worth about $768,000. Institutional investors own 99.72% of the company’s stock.
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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