Insider Selling: MAXIMUS Director Sells 1,000 Shares of Stock (MMS)
MAXIMUS (NYSE:MMS) Director Russell A. Beliveau sold 1,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $41.29, for a total value of $41,290.00. Following the transaction, the director now directly owns 51,179 shares of the company’s stock, valued at approximately $2,113,181. The transaction was disclosed in a document filed with the SEC, which is available at this link.
MAXIMUS (NYSE:MMS) traded up 0.26% on Wednesday, hitting $41.87. The stock had a trading volume of 139,870 shares. MAXIMUS has a 52 week low of $35.85 and a 52 week high of $50.55. The stock’s 50-day moving average is $41.18 and its 200-day moving average is $43.26. The company has a market cap of $2.805 billion and a P/E ratio of 20.05.
MAXIMUS (NYSE:MMS) last issued its quarterly earnings data 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. On average, analysts predict that MAXIMUS will post $2.09 earnings per share for the current fiscal year.
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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