Insider Selling: Maximus Insider Sells 7,000 Shares of Stock (MMS)
Maximus (NYSE:MMS) Insider Bruce Caswell unloaded 7,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $48.11, for a total value of $336,770.00. Following the completion of the transaction, the insider now directly owns 17,134 shares in the company, valued at approximately $824,317. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Maximus (NYSE:MMS) traded up 0.97% during mid-day trading on Wednesday, hitting $48.08. 37,478 shares of the company’s stock traded hands. Maximus has a 52 week low of $34.65 and a 52 week high of $50.55. The stock’s 50-day moving average is $44.63 and its 200-day moving average is $44.07. The company has a market cap of $3.263 billion and a P/E ratio of 25.71.
Maximus (NYSE:MMS) last announced its earnings results on Thursday, February 6th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.63 earnings per share. The company’s revenue for the quarter 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. Stockholders 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 0.38%. The ex-dividend date is Wednesday, February 12th.
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 equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $54.93.
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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