Insider Selling: MAXIMUS, Inc. (MMS) General Counsel Sells 3,600 Shares of Stock

MAXIMUS, Inc. (NYSE:MMS) General Counsel David Francis sold 3,600 shares of MAXIMUS stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $64.50, for a total value of $232,200.00. Following the completion of the transaction, the general counsel now owns 10,017 shares in the company, valued at approximately $646,096.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

David Francis also recently made the following trade(s):

  • On Friday, November 17th, David Francis sold 1,373 shares of MAXIMUS stock. The stock was sold at an average price of $65.35, for a total value of $89,725.55.

MAXIMUS, Inc. (NYSE:MMS) traded up $0.66 on Tuesday, hitting $65.11. The stock had a trading volume of 311,975 shares, compared to its average volume of 505,805. The stock has a market capitalization of $4,160.60, a P/E ratio of 19.18, a P/E/G ratio of 2.09 and a beta of 1.21. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.57 and a current ratio of 2.57. MAXIMUS, Inc. has a 1 year low of $57.12 and a 1 year high of $72.71.

MAXIMUS (NYSE:MMS) last released its quarterly earnings data on Thursday, February 8th. The health services provider reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.01. MAXIMUS had a return on equity of 22.93% and a net margin of 8.99%. The firm had revenue of $623.10 million for the quarter, compared to the consensus estimate of $624.36 million. During the same quarter in the previous year, the business earned $0.71 earnings per share. The company’s quarterly revenue was up 2.6% on a year-over-year basis. analysts expect that MAXIMUS, Inc. will post 3.48 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Thursday, February 15th will be issued a dividend of $0.045 per share. The ex-dividend date is Wednesday, February 14th. This represents a $0.18 dividend on an annualized basis and a yield of 0.28%. MAXIMUS’s dividend payout ratio is presently 5.36%.

Large investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC purchased a new position in MAXIMUS during the 4th quarter valued at about $169,000. Intl Fcstone Inc. purchased a new position in MAXIMUS during the 2nd quarter valued at about $201,000. Capital One National Association purchased a new position in MAXIMUS during the 4th quarter valued at about $213,000. OLD National Bancorp IN purchased a new position in MAXIMUS during the 3rd quarter valued at about $246,000. Finally, Cubist Systematic Strategies LLC increased its holdings in MAXIMUS by 16.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 3,969 shares of the health services provider’s stock valued at $249,000 after purchasing an additional 546 shares during the period. Institutional investors own 95.55% of the company’s stock.

Several research analysts have recently commented on MMS shares. Canaccord Genuity decreased their price objective on MAXIMUS from $62.00 to $61.00 and set a “hold” rating on the stock in a report on Friday, November 10th. Zacks Investment Research downgraded MAXIMUS from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Finally, Maxim Group reiterated a “hold” rating and issued a $69.00 price objective (up previously from $66.00) on shares of MAXIMUS in a report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. MAXIMUS presently has a consensus rating of “Hold” and a consensus price target of $66.60.

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About MAXIMUS

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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