MAXIMUS CEO Richard A. Montoni Sells 25,000 Shares (MMS)
MAXIMUS (NYSE:MMS) CEO Richard A. Montoni sold 25,000 shares of the company’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $40.04, for a total value of $1,001,000.00. Following the transaction, the chief executive officer now directly owns 601,200 shares of the company’s stock, valued at approximately $24,072,048. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of MAXIMUS (NYSE:MMS) traded down 0.10% during mid-day trading on Wednesday, hitting $41.39. The stock had a trading volume of 209,542 shares. MAXIMUS has a 52 week low of $35.85 and a 52 week high of $50.55. The stock has a 50-day moving average of $41.45 and a 200-day moving average of $43.57. The company has a market cap of $2.773 billion and a price-to-earnings ratio of 19.89.
MAXIMUS (NYSE:MMS) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.01. The company had revenue of $419.90 million for the quarter, compared to the consensus estimate of $418.70 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up 25.6% on a year-over-year basis. On average, analysts predict that MAXIMUS will post $2.09 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 29th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a dividend yield of 0.43%. The ex-dividend date is Wednesday, August 13th.
Separately, analysts at Raymond James downgraded shares of MAXIMUS from an “outperform” rating to a “market perform” rating in a research note on Monday, June 9th. They now have a $53.00 price target on the stock.
MAXIMUS, Inc provides 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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