MAXIMUS (NYSE:MMS) Sets New 52-Week High at $81.00

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MAXIMUS, Inc. (NYSE:MMS)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $81.00 and last traded at $80.71, with a volume of 52483 shares. The stock had previously closed at $79.77.

Several analysts recently commented on the company. ValuEngine downgraded MAXIMUS from a “buy” rating to a “hold” rating in a research note on Friday, June 28th. Zacks Investment Research raised MAXIMUS from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Monday, May 27th. Wells Fargo & Co reissued a “market perform” rating and issued a $83.00 price target on shares of MAXIMUS in a research note on Friday, August 9th. Finally, Canaccord Genuity lifted their price target on MAXIMUS from $72.00 to $77.00 and gave the company a “hold” rating in a research note on Tuesday, August 13th.

The company has a 50 day simple moving average of $75.90 and a 200-day simple moving average of $73.22. The stock has a market cap of $5.13 billion, a price-to-earnings ratio of 23.70, a P/E/G ratio of 2.11 and a beta of 0.88.

MAXIMUS (NYSE:MMS) last released its earnings results on Thursday, August 8th. The health services provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.04. The business had revenue of $730.70 million for the quarter, compared to the consensus estimate of $754.81 million. MAXIMUS had a return on equity of 20.72% and a net margin of 8.44%. MAXIMUS’s quarterly revenue was up 22.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.91 earnings per share. On average, equities research analysts anticipate that MAXIMUS, Inc. will post 3.73 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Wednesday, August 14th. MAXIMUS’s payout ratio is currently 29.41%.

In related news, Director Russell A. Beliveau sold 1,000 shares of MAXIMUS stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $72.90, for a total transaction of $72,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.20% of the company’s stock.

Several large investors have recently modified their holdings of the company. Advisory Services Network LLC boosted its stake 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 valued at $43,000 after buying an additional 494 shares during the period. Quantamental Technologies LLC bought a new stake in shares of MAXIMUS in the second quarter valued at approximately $71,000. Signaturefd LLC boosted its stake in shares of MAXIMUS by 19.6% in 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 period. Tower Research Capital LLC TRC boosted its stake in shares of MAXIMUS by 70.8% in the second quarter. Tower Research Capital LLC TRC now owns 1,500 shares of the health services provider’s stock valued at $109,000 after buying an additional 622 shares during the period. Finally, Marshall Wace North America L.P. bought a new stake in shares of MAXIMUS in the first quarter valued at approximately $119,000. Institutional investors own 94.88% of the company’s stock.

About MAXIMUS (NYSE:MMS)

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 Factors Can Affect Return on Equity?

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