Maximus Inc. Announces Quarterly Dividend of $0.05 (MMS)
Maximus Inc. (NYSE:MMS) announced a quarterly dividend on Wednesday, October 19th. Shareholders of record on Tuesday, November 15th will be paid a dividend of 0.045 per share on Wednesday, November 30th. This represents a $0.18 annualized dividend and a yield of 0.33%.
Shares of Maximus (NYSE:MMS) opened at 54.18 on Wednesday. The firm has a 50-day moving average of $56.66 and a 200 day moving average of $55.99. Maximus has a 52 week low of $45.15 and a 52 week high of $69.85. The firm has a market cap of $3.52 billion, a PE ratio of 22.14 and a beta of 1.15.
Maximus (NYSE:MMS) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.04. Maximus had a net margin of 6.91% and a return on equity of 23.89%. The firm had revenue of $617.10 million for the quarter, compared to the consensus estimate of $625.62 million. During the same quarter in the prior year, the company posted $0.62 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. Equities research analysts predict that Maximus will post $2.65 EPS for the current fiscal year.
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In related news, Director Paul R. Lederer sold 500 shares of the business’s stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $59.15, for a total transaction of $29,575.00. Following the completion of the transaction, the director now directly owns 74,674 shares in the company, valued at approximately $4,416,967.10. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Richard A. Montoni sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $58.70, for a total value of $1,467,500.00. Following the transaction, the chief executive officer now owns 620,282 shares of the company’s stock, valued at $36,410,553.40. The disclosure for this sale can be found here. Company insiders own 3.60% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. increased its position in shares of Maximus by 2.4% in the second quarter. Ameritas Investment Partners Inc. now owns 15,346 shares of the company’s stock worth $850,000 after buying an additional 360 shares during the period. Hsbc Holdings PLC increased its position in shares of Maximus by 8.1% in the second quarter. Hsbc Holdings PLC now owns 6,506 shares of the company’s stock worth $360,000 after buying an additional 485 shares during the period. Profund Advisors LLC increased its position in shares of Maximus by 8.2% in the second quarter. Profund Advisors LLC now owns 9,201 shares of the company’s stock worth $509,000 after buying an additional 696 shares during the period. BlackRock Inc. increased its position in Maximus by 6.8% in the second quarter. BlackRock Inc. now owns 27,252 shares of the company’s stock valued at $1,509,000 after buying an additional 1,746 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in Maximus by 2.8% in the second quarter. Alliancebernstein L.P. now owns 114,061 shares of the company’s stock valued at $6,316,000 after buying an additional 3,070 shares during the last quarter. Institutional investors own 99.00% of the company’s stock.
Several analysts have recently commented on the stock. KeyCorp assumed coverage on shares of Maximus in a report on Monday, July 11th. They issued a “buy” rating for the company. Maxim Group increased their target price on shares of Maximus from $71.00 to $74.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Finally, Zacks Investment Research downgraded shares of Maximus from a “hold” rating to a “sell” rating in a report on Wednesday, October 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $63.00.
MAXIMUS, Inc provides business process services (BPS) to Government health and human services agencies. The Company is primarily focused on operating Government-sponsored programs, such as Medicaid, children’s health insurance program (CHIP), health insurance exchanges and other health care reform initiatives, Medicare, welfare-to-work, child support services and other Government programs.
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