MAXIMUS, Inc. (MMS) Receives $62.67 Average PT from Analysts

Shares of MAXIMUS, Inc. (NYSE:MMS) have been given an average rating of “Hold” by the eight analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $65.00.

A number of research firms have issued reports on MMS. Zacks Investment Research upgraded shares of MAXIMUS from a “sell” rating to a “hold” rating in a research note on Wednesday. Canaccord Genuity reiterated a “buy” rating on shares of MAXIMUS in a research note on Wednesday, December 27th.

MAXIMUS (NYSE:MMS) traded up $0.51 during mid-day trading on Tuesday, hitting $70.09. 614,838 shares of the company traded hands, compared to its average volume of 449,723. The firm has a market capitalization of $4,560.00, a PE ratio of 22.11, a P/E/G ratio of 2.63 and a beta of 1.34. MAXIMUS has a twelve month low of $51.74 and a twelve month high of $72.71.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Thursday, February 15th will be paid a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date is Wednesday, February 14th. MAXIMUS’s payout ratio is 5.68%.

In other news, CEO Richard A. Montoni sold 30,000 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $69.25, for a total value of $2,077,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Russell A. Beliveau sold 1,000 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $71.73, for a total transaction of $71,730.00. The disclosure for this sale can be found here. Insiders sold 71,417 shares of company stock valued at $4,902,785 over the last 90 days. 3.10% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in MMS. Janus Henderson Group PLC increased its position in MAXIMUS by 718.8% during the second quarter. Janus Henderson Group PLC now owns 2,211,638 shares of the health services provider’s stock worth $138,515,000 after acquiring an additional 1,941,521 shares during the period. Mondrian Investment Partners LTD bought a new position in MAXIMUS during the fourth quarter worth $51,945,000. Koch Industries Inc. bought a new position in MAXIMUS during the second quarter worth $629,000. FMR LLC increased its holdings in MAXIMUS by 10.4% in the 2nd quarter. FMR LLC now owns 4,658,584 shares of the health services provider’s stock valued at $291,767,000 after buying an additional 438,025 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in MAXIMUS by 13.3% in the 3rd quarter. Victory Capital Management Inc. now owns 3,514,228 shares of the health services provider’s stock valued at $226,667,000 after buying an additional 413,325 shares during the period. 94.79% of the stock is currently owned by institutional investors and hedge funds.

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About MAXIMUS

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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