Insider Selling: Russell A. Beliveau Sells 10,000 Shares of MAXIMUS Stock (MMS)
MAXIMUS (NYSE:MMS) Director Russell A. Beliveau sold 10,000 shares of MAXIMUS stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $43.23, for a total value of $432,300.00. Following the sale, the director now directly owns 53,179 shares of the company’s stock, valued at approximately $2,298,928. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Zacks downgraded shares of MAXIMUS from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 15th. They now have a $53.80 price target on the stock. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $54.93.
MAXIMUS (NYSE:MMS) traded down 1.09% on Wednesday, hitting $42.66. The stock had a trading volume of 380,039 shares. 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 $42.97 and its 200-day moving average is $44.74. The company has a market cap of $2.896 billion and a price-to-earnings ratio of 21.65.
MAXIMUS (NYSE:MMS) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.56 by $0.03. The company had revenue of $439.00 million for the quarter, compared to the consensus estimate of $432.35 million. During the same quarter in the prior year, the company posted $0.72 earnings per share. The company’s quarterly revenue was up 34.5% on a year-over-year basis. Analysts expect that MAXIMUS will post $2.06 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, May 30th. Investors of record on Thursday, May 15th will be given a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend is Tuesday, May 13th.
MAXIMUS, Inc provides business process services (NYSE:MMS) to government health and human services agencies under its mission of Helping Government Serve the People.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.