Richard A. Montoni Sells 12,589 Shares of MAXIMUS, Inc. (NYSE:MMS) Stock

MAXIMUS, Inc. (NYSE:MMS) Vice Chairman Richard A. Montoni sold 12,589 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $73.89, for a total value of $930,201.21. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of NYSE MMS opened at $73.17 on Friday. The company has a market cap of $4.68 billion, a PE ratio of 19.67, a P/E/G ratio of 1.83 and a beta of 0.79. The business has a 50-day simple moving average of $75.28 and a two-hundred day simple moving average of $75.31. MAXIMUS, Inc. has a fifty-two week low of $62.00 and a fifty-two week high of $82.02.

MAXIMUS (NYSE:MMS) last posted its quarterly earnings data on Tuesday, November 19th. The health services provider reported $0.93 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.01). The company had revenue of $754.97 million for the quarter, compared to analyst estimates of $756.40 million. MAXIMUS had a net margin of 8.34% and a return on equity of 21.09%. The business’s revenue was up 35.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.71 EPS. On average, analysts expect that MAXIMUS, Inc. will post 4.02 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a $0.28 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This is a boost from MAXIMUS’s previous quarterly dividend of $0.25. This represents a $1.12 dividend on an annualized basis and a yield of 1.53%. MAXIMUS’s dividend payout ratio (DPR) is 30.11%.

A number of large investors have recently added to or reduced their stakes in MMS. Advisory Services Network LLC raised its holdings in shares of MAXIMUS by 499.0% in the second quarter. Advisory Services Network LLC now owns 593 shares of the health services provider’s stock worth $43,000 after buying an additional 494 shares during the last quarter. Resources Management Corp CT ADV acquired a new stake in shares of MAXIMUS during the third quarter worth $65,000. Quantamental Technologies LLC acquired a new stake in shares of MAXIMUS during the second quarter worth $71,000. Signaturefd LLC grew its holdings in shares of MAXIMUS by 19.6% during the second quarter. Signaturefd LLC now owns 1,145 shares of the health services provider’s stock valued at $83,000 after buying an additional 188 shares during the last quarter. Finally, Coastal Investment Advisors Inc. purchased a new stake in shares of MAXIMUS during the third quarter valued at $103,000. 94.70% of the stock is currently owned by institutional investors.

Separately, ValuEngine raised MAXIMUS from a “sell” rating to a “hold” rating in a research report on Friday, October 25th.

MAXIMUS Company Profile

MAXIMUS, Inc provides business process services (BPS) to government health and human services programs worldwide. The company's Health Services segment offers various BPS, appeals, and assessments for state, provincial, and national government programs, including Medicaid, Children's Health Insurance Program, Affordable Care Act, Health Insurance British Columbia, Health Assessment Advisory Service contract, and Preadmission Screening and Resident Reviews.

Further Reading: What are trading strategies for the 52-week high/low?

Insider Buying and Selling by Quarter 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's FREE daily email newsletter.


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