MAXIMUS, Inc. (MMS) Given Consensus Rating of “Hold” by Brokerages

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.

Institutional investors have recently made changes to their positions in the company. Parametric Portfolio Associates LLC lifted its position in shares of MAXIMUS by 6.6% in the third quarter. Parametric Portfolio Associates LLC now owns 230,244 shares of the health services provider’s stock worth $14,851,000 after buying an additional 14,289 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in MAXIMUS by 42.1% during the third quarter. Public Employees Retirement System of Ohio now owns 104,056 shares of the health services provider’s stock worth $6,712,000 after acquiring an additional 30,804 shares during the last quarter. Belpointe Asset Management LLC bought a new stake in MAXIMUS during the third quarter worth approximately $269,000. Cetera Advisors LLC bought a new stake in MAXIMUS during the third quarter worth approximately $275,000. Finally, California Public Employees Retirement System increased its stake in MAXIMUS by 4.7% during the third quarter. California Public Employees Retirement System now owns 104,587 shares of the health services provider’s stock worth $6,746,000 after acquiring an additional 4,687 shares during the last quarter. Institutional investors and hedge funds own 94.79% of the company’s stock.

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%.

WARNING: “MAXIMUS, Inc. (MMS) Given Consensus Rating of “Hold” by Brokerages” was published by Community Financial News and is the sole property of of Community Financial News. If you are reading this article on another publication, it was stolen and reposted in violation of United States & international copyright laws. The correct version of this article can be viewed at https://www.com-unik.info/2017/12/22/maximus-inc-mms-given-consensus-rating-of-hold-by-brokerages.html.

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.

Analyst Recommendations for MAXIMUS (NYSE:MMS)

Receive News & Ratings for MAXIMUS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MAXIMUS and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit