MAXIMUS CEO Richard A. Montoni Unloads 25,000 Shares (MMS)
MAXIMUS (NYSE:MMS) CEO Richard A. Montoni unloaded 25,000 shares of the stock on the open market in a transaction dated Monday, August 18th. The stock was sold at an average price of $40.04, for a total transaction 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link.
MAXIMUS (NYSE:MMS) traded up 0.14% during mid-day trading on Friday, hitting $41.67. The stock had a trading volume of 12,306 shares. MAXIMUS has a 1-year low of $35.85 and a 1-year high of $50.55. The stock’s 50-day moving average is $41.39 and its 200-day moving average is $43.54. The company has a market cap of $2.792 billion and a P/E ratio of 19.98.
MAXIMUS (NYSE:MMS) last announced its earnings results on Thursday, August 7th. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was up 25.6% on a year-over-year basis. Analysts expect 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. Shareholders 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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