Insider Selling: Marilyn R. Seymann Sells 2,806 Shares of MAXIMUS Stock (MMS)
MAXIMUS (NYSE:MMS) Director Marilyn R. Seymann unloaded 2,806 shares of the company’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $40.05, for a total value of $112,380.30. Following the completion of the sale, the director now directly owns 103,573 shares in the company, valued at approximately $4,148,099. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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.
Shares of MAXIMUS (NYSE:MMS) opened at 41.51 on Thursday. MAXIMUS has a 1-year low of $35.85 and a 1-year high of $50.55. The stock has a 50-day moving average of $41.41 and a 200-day moving average of $43.56. The company has a market cap of $2.781 billion and a price-to-earnings ratio of 19.89.
MAXIMUS (NYSE:MMS) last announced its earnings results on Thursday, August 7th. The company reported $0.49 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.41 earnings per share. MAXIMUS’s revenue was up 25.6% compared to the same quarter last year. Analysts expect that MAXIMUS will post $2.09 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 29th. Investors of record on Friday, August 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 0.43%. The ex-dividend date of this dividend is Wednesday, August 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.
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