MAXIMUS, Inc. (NYSE:MMS) has been assigned an average rating of “Hold” from the nine brokerages that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $62.67.

MMS has been the topic of several recent research reports. Zacks Investment Research raised MAXIMUS from a “hold” rating to a “buy” rating and set a $73.00 price target on the stock in a research note on Wednesday, October 4th. Canaccord Genuity dropped their price target on MAXIMUS from $62.00 to $61.00 and set a “hold” rating on the stock in a research note on Friday, November 10th.

In other news, Director Russell A. Beliveau sold 1,000 shares of the firm’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard A. Montoni sold 30,000 shares of the firm’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $69.25, for a total value of $2,077,500.00. The disclosure for this sale can be found here. Insiders sold a total of 71,417 shares of company stock valued at $4,902,785 in the last 90 days. 3.10% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the stock. Acrospire Investment Management LLC grew its holdings in MAXIMUS by 17.6% during the second quarter. Acrospire Investment Management LLC now owns 2,000 shares of the health services provider’s stock worth $125,000 after purchasing an additional 300 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in MAXIMUS by 10.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,367 shares of the health services provider’s stock worth $148,000 after purchasing an additional 220 shares during the period. Intl Fcstone Inc. bought a new position in MAXIMUS during the second quarter worth about $201,000. OLD National Bancorp IN bought a new position in MAXIMUS during the third quarter worth about $246,000. Finally, Cubist Systematic Strategies LLC grew its holdings in MAXIMUS by 16.0% during the second quarter. Cubist Systematic Strategies LLC now owns 3,969 shares of the health services provider’s stock worth $249,000 after purchasing an additional 546 shares during the period. Institutional investors and hedge funds own 94.79% of the company’s stock.

MAXIMUS (MMS) traded down $0.15 on Tuesday, hitting $71.89. The company’s stock had a trading volume of 277,700 shares, compared to its average volume of 416,933. MAXIMUS has a 1 year low of $51.74 and a 1 year high of $72.71. The firm has a market cap of $4,640.00, a P/E ratio of 22.68, a price-to-earnings-growth ratio of 2.70 and a beta of 1.34.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Thursday, February 15th will be issued a $0.045 dividend. This represents a $0.18 annualized dividend and a dividend yield of 0.25%. The ex-dividend date is Wednesday, February 14th. MAXIMUS’s payout ratio is 5.68%.

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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.

Analyst Recommendations for MAXIMUS (NYSE:MMS)

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