Maximus, Inc. (MMS) CEO Richard A. Montoni Sells 30,000 Shares

Maximus, Inc. (NYSE:MMS) CEO Richard A. Montoni sold 30,000 shares of the stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $69.25, for a total value of $2,077,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of Maximus, Inc. (NYSE MMS) traded up $0.66 during trading hours on Thursday, reaching $70.14. The company’s stock had a trading volume of 400,052 shares, compared to its average volume of 358,788. The stock has a market cap of $4,481.40, a PE ratio of 22.12, a P/E/G ratio of 2.58 and a beta of 1.35. Maximus, Inc. has a 12 month low of $51.74 and a 12 month high of $70.43.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th were issued a $0.045 dividend. This represents a $0.18 annualized dividend and a yield of 0.26%. The ex-dividend date was Tuesday, November 14th. Maximus’s payout ratio is currently 5.66%.

Several research analysts recently commented on MMS shares. Zacks Investment Research downgraded Maximus from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Robert W. Baird reissued a “hold” rating and issued a $64.00 price objective on shares of Maximus in a research note on Friday, September 1st. Finally, Canaccord Genuity reduced their price objective on Maximus from $62.00 to $61.00 and set a “hold” rating for the company in a research note on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Maximus presently has a consensus rating of “Hold” and an average target price of $64.33.

A number of large investors have recently modified their holdings of the business. Teacher Retirement System of Texas grew its holdings in Maximus by 0.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 5,174 shares of the health services provider’s stock valued at $324,000 after buying an additional 14 shares in the last quarter. Alps Advisors Inc. grew its holdings in Maximus by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 7,807 shares of the health services provider’s stock valued at $489,000 after buying an additional 20 shares in the last quarter. Northwestern Mutual Investment Management Company LLC grew its holdings in Maximus by 0.3% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 11,206 shares of the health services provider’s stock valued at $620,000 after buying an additional 36 shares in the last quarter. Bbva Compass Bancshares Inc. grew its holdings in Maximus by 0.9% in the 2nd quarter. Bbva Compass Bancshares Inc. now owns 4,084 shares of the health services provider’s stock valued at $256,000 after buying an additional 38 shares in the last quarter. Finally, Stephens Inc. AR grew its holdings in Maximus by 0.9% in the 2nd quarter. Stephens Inc. AR now owns 6,638 shares of the health services provider’s stock valued at $416,000 after buying an additional 61 shares in the last quarter. Institutional investors own 94.82% of the company’s stock.

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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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