Maximus General Counsel Sells $57,551 in Stock (MMS)
Maximus (NYSE:MMS) General Counsel David Francis sold 1,205 shares of the company’s stock on the open market in a transaction dated Monday, February 24th. The stock was sold at an average price of $47.76, for a total value of $57,550.80. Following the transaction, the general counsel now directly owns 13,129 shares in the company, valued at approximately $627,041. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on MMS. Analysts at Thomson Reuters/Verus upgraded shares of Maximus from a “sell” rating to a “hold” rating in a research note on Monday. Separately, analysts at EVA Dimensions LLC upgraded shares of Maximus from a “hold” rating to an “overweight” rating in a research note on Thursday, February 20th. Finally, analysts at Jefferies Group raised their price target on shares of Maximus from $53.00 to $58.00 in a research note on Friday, February 7th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $54.93.
Maximus (NYSE:MMS) traded up 0.40% during mid-day trading on Tuesday, hitting $48.20. 102,690 shares of the company’s stock traded hands. Maximus has a 1-year low of $34.65 and a 1-year high of $50.55. The stock’s 50-day moving average is $44.4 and its 200-day moving average is $44.01. The company has a market cap of $3.271 billion and a P/E ratio of 25.92.
Maximus (NYSE:MMS) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.42 by $0.06. The company had revenue of $406.60 million for the quarter, compared to the consensus estimate of $392.86 million. During the same quarter in the prior year, the company posted $0.63 earnings per share. The company’s quarterly revenue was up 42.0% on a year-over-year basis. On average, analysts predict that Maximus will post $2.02 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a dividend yield of 0.37%. The ex-dividend date is Wednesday, February 12th.
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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