Maximus Inc. (NYSE:MMS) President Bruce Caswell sold 20,000 shares of the company’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $56.99, for a total value of $1,139,800.00. Following the completion of the transaction, the president now owns 36,386 shares in the company, valued at $2,073,638.14. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Bruce Caswell also recently made the following trade(s):
- On Thursday, August 18th, Bruce Caswell sold 30,000 shares of Maximus stock. The stock was sold at an average price of $58.98, for a total value of $1,769,400.00.
Maximus Inc. (NYSE:MMS) opened at 56.47 on Tuesday. The company’s 50-day moving average price is $58.38 and its 200 day moving average price is $55.58. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 23.08 and a beta of 1.12. Maximus Inc. has a 52-week low of $45.15 and a 52-week high of $69.85.
Maximus (NYSE:MMS) last released its earnings results on Thursday, August 4th. The company reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.04. The company had revenue of $617.10 million for the quarter, compared to the consensus estimate of $625.62 million. Maximus had a return on equity of 23.89% and a net margin of 6.91%. Maximus’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.62 earnings per share. On average, equities analysts expect that Maximus Inc. will post $2.65 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Monday, August 15th were given a dividend of $0.045 per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $0.18 annualized dividend and a yield of 0.32%. Maximus’s dividend payout ratio (DPR) is presently 7.32%.
A number of equities analysts have weighed in on the company. Maxim Group upped their target price on Maximus from $71.00 to $74.00 and gave the stock a “buy” rating in a research note on Thursday, August 4th. Zacks Investment Research lowered Maximus from a “hold” rating to a “sell” rating in a research report on Wednesday, August 3rd. KeyCorp initiated coverage on Maximus in a research report on Monday, July 11th. They set a “buy” rating on the stock. Finally, Jefferies Group increased their price objective on Maximus from $63.00 to $67.00 and gave the company a “buy” rating in a research report on Tuesday, May 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. Maximus currently has an average rating of “Buy” and an average price target of $63.00.
Institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc increased its position in Maximus by 0.5% in the second quarter. Legal & General Group Plc now owns 15,986 shares of the company’s stock valued at $870,000 after buying an additional 80 shares during the period. State Treasurer State of Michigan increased its position in Maximus by 0.4% in the second quarter. State Treasurer State of Michigan now owns 26,000 shares of the company’s stock valued at $1,440,000 after buying an additional 100 shares during the period. Massmutual Trust Co. FSB ADV increased its position in Maximus by 3.6% in the first quarter. Massmutual Trust Co. FSB ADV now owns 3,879 shares of the company’s stock valued at $204,000 after buying an additional 134 shares during the period. Public Employees Retirement System of Ohio increased its position in Maximus by 0.6% in the second quarter. Public Employees Retirement System of Ohio now owns 50,429 shares of the company’s stock valued at $2,792,000 after buying an additional 282 shares during the period. Finally, BlackRock Advisors LLC increased its position in Maximus by 1.1% in the second quarter. BlackRock Advisors LLC now owns 30,467 shares of the company’s stock valued at $1,687,000 after buying an additional 338 shares during the period. Institutional investors own 99.00% of the company’s stock.
Maximus Company Profile
MAXIMUS, Inc provides business process services (BPS) to Government health and human services agencies. The Company is primarily focused on operating Government-sponsored programs, such as Medicaid, children’s health insurance program (CHIP), health insurance exchanges and other health care reform initiatives, Medicare, welfare-to-work, child support services and other Government programs.
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