Shares of MAXIMUS, Inc. (NYSE:MMS) have been assigned an average rating of “Hold” from the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $62.25.
Several brokerages recently commented on MMS. Robert W. Baird reaffirmed a “hold” rating and issued a $64.00 price objective on shares of MAXIMUS in a report on Friday, September 1st. Zacks Investment Research lowered MAXIMUS from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Finally, Canaccord Genuity cut their price objective on MAXIMUS from $62.00 to $61.00 and set a “hold” rating for the company in a report on Friday, November 10th.
In other news, CEO Richard A. Montoni sold 30,000 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $69.25, for a total value of $2,077,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Mark Andrekovich sold 2,700 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $72.00, for a total value of $194,400.00. Following the completion of the transaction, the insider now owns 20,296 shares in the company, valued at $1,461,312. The disclosure for this sale can be found here. Insiders have sold 98,417 shares of company stock worth $6,654,895 over the last quarter. 3.10% of the stock is owned by company insiders.
Shares of MAXIMUS (MMS) traded down $0.43 on Friday, hitting $71.18. The company had a trading volume of 186,400 shares, compared to its average volume of 361,200. MAXIMUS has a one year low of $51.74 and a one year high of $72.29. The company has a market capitalization of $4,664.43, a price-to-earnings ratio of 23.03, a P/E/G ratio of 2.69 and a beta of 1.35.
The business also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Wednesday, November 15th were given a dividend of $0.045 per share. The ex-dividend date was Tuesday, November 14th. This represents a $0.18 annualized dividend and a yield of 0.25%. MAXIMUS’s dividend payout ratio (DPR) is presently 5.66%.
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MAXIMUS Company Profile
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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