Insider Selling: Maximus General Counsel Sells 17,000 Shares of Stock (MMS)
Maximus (NYSE:MMS) General Counsel David Francis sold 17,000 shares of the stock on the open market in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $46.32, for a total value of $787,440.00. Following the transaction, the general counsel now directly owns 15,378 shares in the company, valued at approximately $712,309. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Raymond James raised their price target on shares of Maximus from $44.00 to $53.00 in a research note to investors on Wednesday, October 2nd. They now have an “outperform” rating on the stock. Separately, analysts at Jefferies Group initiated coverage on shares of Maximus in a research note to investors on Thursday, September 12th. They set a “buy” rating and a $47.00 price target on the stock. Finally, analysts at First Analysis upgraded shares of Maximus from an “equal weight” rating to an “overweight” rating in a research note to investors on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $57.55.
Shares of Maximus (NYSE:MMS) traded down 1.45% during mid-day trading on Monday, hitting $46.19. 68,689 shares of the company’s stock traded hands. Maximus has a one year low of $27.20 and a one year high of $47.30. The stock’s 50-day moving average is $40.89 and its 200-day moving average is $38.74. The company has a market cap of $3.150 billion and a P/E ratio of 31.10.
Maximus (NYSE:MMS) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.41 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.41. The company had revenue of $334.30 million for the quarter, compared to the consensus estimate of $325.19 million. During the same quarter last year, the company posted $0.62 earnings per share. Maximus’s revenue was up 25.5% compared to the same quarter last year.
MAXIMUS, Inc is a provider of business process services (NYSE:MMS) to government health and human services agencies under its mission of Helping Government Serve the People.
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