Shares of Maximus Inc. (NYSE:MMS) have earned a consensus rating of “Buy” from the ten analysts that are currently covering the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $65.75.
Several analysts recently issued reports on MMS shares. Zacks Investment Research lowered shares of Maximus from a “hold” rating to a “sell” rating in a report on Wednesday, August 3rd. KeyCorp started coverage on shares of Maximus in a report on Monday, July 11th. They issued a “buy” rating on the stock. Finally, Maxim Group boosted their price objective on shares of Maximus from $71.00 to $74.00 and gave the company a “buy” rating in a report on Thursday, August 4th.
Shares of Maximus (NYSE:MMS) opened at 56.14 on Thursday. The company has a 50-day moving average of $57.33 and a 200-day moving average of $55.91. Maximus has a 1-year low of $45.15 and a 1-year high of $69.85. The firm has a market capitalization of $3.64 billion, a PE ratio of 22.94 and a beta of 1.15.
Maximus (NYSE:MMS) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.04. The firm had revenue of $617.10 million for the quarter, compared to analyst estimates of $625.62 million. Maximus had a net margin of 6.91% and a return on equity of 23.89%. Maximus’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.62 EPS. Equities research analysts predict that Maximus will post $2.65 EPS for the current fiscal year.
In other Maximus news, General Counsel David Francis sold 1,500 shares of the business’s stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $58.69, for a total transaction of $88,035.00. Following the sale, the general counsel now directly owns 21,936 shares in the company, valued at $1,287,423.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Bruce Caswell sold 30,000 shares of the business’s stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $58.98, for a total transaction of $1,769,400.00. Following the sale, the president now owns 39,386 shares in the company, valued at $2,322,986.28. The disclosure for this sale can be found here. Company insiders own 3.60% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Liberty Capital Management Inc. raised its stake in shares of Maximus by 32.5% in the third quarter. Liberty Capital Management Inc. now owns 8,774 shares of the company’s stock worth $480,000 after buying an additional 2,150 shares during the period. Mason Street Advisors LLC acquired a new stake in shares of Maximus during the second quarter worth about $1,639,000. Public Employees Retirement System of Ohio raised its stake in shares of Maximus by 0.6% in the second quarter. Public Employees Retirement System of Ohio now owns 50,429 shares of the company’s stock worth $2,792,000 after buying an additional 282 shares during the period. BW Gestao de Investimentos Ltda. raised its stake in shares of Maximus by 28.6% in the second quarter. BW Gestao de Investimentos Ltda. now owns 4,994 shares of the company’s stock worth $277,000 after buying an additional 1,110 shares during the period. Finally, Amalgamated Bank raised its stake in shares of Maximus by 7.2% in the second quarter. Amalgamated Bank now owns 7,755 shares of the company’s stock worth $463,000 after buying an additional 519 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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