Insider Selling: Maximus, Inc. (NYSE:MMS) General Counsel Sells 1,000 Shares of Stock

Maximus, Inc. (NYSE:MMS) General Counsel David Francis sold 1,000 shares of the business’s stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $60.46, for a total value of $60,460.00. Following the completion of the sale, the general counsel now directly owns 15,715 shares of the company’s stock, valued at $950,128.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

  • On Friday, June 23rd, David Francis sold 1,000 shares of Maximus stock. The shares were sold at an average price of $63.15, for a total value of $63,150.00.
  • On Friday, June 2nd, David Francis sold 1,000 shares of Maximus stock. The shares were sold at an average price of $62.70, for a total value of $62,700.00.
  • On Friday, May 12th, David Francis sold 1,000 shares of Maximus stock. The shares were sold at an average price of $63.14, for a total value of $63,140.00.
  • On Thursday, April 20th, David Francis sold 1,500 shares of Maximus stock. The shares were sold at an average price of $59.91, for a total value of $89,865.00.

Maximus, Inc. (MMS) traded up 1.02% during trading on Friday, reaching $60.83. The company’s stock had a trading volume of 310,118 shares. The stock has a market capitalization of $3.95 billion, a price-to-earnings ratio of 19.50 and a beta of 1.39. Maximus, Inc. has a 52 week low of $43.69 and a 52 week high of $64.97. The firm has a 50 day moving average of $61.25 and a 200 day moving average of $60.83.

Maximus (NYSE:MMS) last issued its earnings results on Thursday, August 3rd. The health services provider reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.03. Maximus had a net margin of 8.43% and a return on equity of 25.08%. The firm had revenue of $600.40 million for the quarter, compared to analysts’ expectations of $614.12 million. During the same quarter last year, the company posted $0.79 earnings per share. Maximus’s revenue was down 2.7% on a year-over-year basis. Analysts expect that Maximus, Inc. will post $3.12 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be issued a $0.045 dividend. The ex-dividend date is Friday, August 11th. This represents a $0.18 dividend on an annualized basis and a yield of 0.30%. Maximus’s dividend payout ratio is currently 5.73%.

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Several analysts have recently weighed in on MMS shares. Zacks Investment Research raised Maximus from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a report on Saturday, August 5th. Maxim Group cut Maximus from a “buy” rating to a “hold” rating and set a $66.00 price target on the stock. in a research report on Thursday, May 4th. They noted that the move was a valuation call. Canaccord Genuity cut Maximus from a “buy” rating to a “hold” rating and set a $62.00 price target on the stock. in a research report on Tuesday, July 4th. Jefferies Group LLC cut Maximus from a “buy” rating to a “hold” rating and boosted their price target for the company from $63.00 to $64.00 in a research report on Friday, May 5th. Finally, KeyCorp restated a “sector weight” rating on shares of Maximus in a research report on Thursday, May 25th. One investment analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of $62.17.

Several large investors have recently added to or reduced their stakes in MMS. Two Sigma Investments LP acquired a new stake in Maximus during the fourth quarter worth $258,000. American International Group Inc. boosted its stake in Maximus by 4.1% in the first quarter. American International Group Inc. now owns 166,652 shares of the health services provider’s stock worth $10,366,000 after buying an additional 6,634 shares during the period. Louisiana State Employees Retirement System boosted its stake in Maximus by 2.5% in the first quarter. Louisiana State Employees Retirement System now owns 16,400 shares of the health services provider’s stock worth $1,020,000 after buying an additional 400 shares during the period. Navellier & Associates Inc boosted its stake in Maximus by 10.9% in the first quarter. Navellier & Associates Inc now owns 8,737 shares of the health services provider’s stock worth $543,000 after buying an additional 856 shares during the period. Finally, Advantus Capital Management Inc boosted its stake in Maximus by 3.1% in the first quarter. Advantus Capital Management Inc now owns 8,298 shares of the health services provider’s stock worth $516,000 after buying an additional 248 shares during the period. 97.89% of the stock is currently owned by institutional investors.

About Maximus

MAXIMUS, Inc provides business process services (BPS) to government health and human services agencies. The Company operates through three segments: U.S. Federal Services, Health Services and Human Services. The U.S. Federal Services segment provides BPS and program management for large government programs, independent health review and appeals services for both the United States Federal Government, and state-based programs and technology solutions for civilian federal programs.

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