Insider Selling: MAXIMUS, Inc. (MMS) Director Sells 1,000 Shares of Stock

MAXIMUS, Inc. (NYSE:MMS) Director Russell A. Beliveau sold 1,000 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $71.73, for a total value of $71,730.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of MAXIMUS, Inc. (NYSE MMS) traded down $0.22 during midday trading on Wednesday, reaching $71.36. The company’s stock had a trading volume of 335,200 shares, compared to its average volume of 284,000. The company has a market cap of $4,662.48, a price-to-earnings ratio of 22.44, a P/E/G ratio of 2.69 and a beta of 1.34. MAXIMUS, Inc. has a 52-week low of $51.74 and a 52-week high of $72.54.

A number of equities analysts recently issued reports on the company. Canaccord Genuity reissued a “buy” rating on shares of MAXIMUS in a report on Wednesday, December 27th. Zacks Investment Research lowered MAXIMUS from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. MAXIMUS has an average rating of “Hold” and a consensus price target of $64.33.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Northwestern Mutual Investment Management Company LLC boosted its stake in MAXIMUS by 0.3% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 11,206 shares of the health services provider’s stock valued at $620,000 after purchasing an additional 36 shares in the last quarter. Stephens Inc. AR boosted its stake in MAXIMUS by 0.9% during the 2nd quarter. Stephens Inc. AR now owns 6,638 shares of the health services provider’s stock valued at $416,000 after purchasing an additional 61 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its stake in MAXIMUS by 0.5% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 16,932 shares of the health services provider’s stock valued at $1,060,000 after purchasing an additional 80 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of MAXIMUS by 0.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 73,252 shares of the health services provider’s stock worth $4,588,000 after acquiring an additional 207 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of MAXIMUS by 10.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,367 shares of the health services provider’s stock worth $148,000 after acquiring an additional 220 shares in the last quarter. 94.79% of the stock is owned by hedge funds and other institutional investors.

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MAXIMUS Company Profile

MAXIMUS, Inc provides business process services (BPS) to government health and human services agencies. The Company operates through three segments: U.S. Federal Services, Health Services and Human Services. The U.S. Federal Services segment provides BPS and program management for large government programs, independent health review and appeals services for both the United States Federal Government, and state-based programs and technology solutions for civilian federal programs.

Insider Buying and Selling by Quarter for MAXIMUS (NYSE:MMS)

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