Maximus Inc. (NYSE:MMS) General Counsel David Francis sold 2,000 shares of Maximus stock in a transaction that occurred on Friday, October 14th. The stock was sold at an average price of $55.00, for a total transaction of $110,000.00. Following the completion of the transaction, the general counsel now directly owns 29,616 shares in the company, valued at $1,628,880. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
David Francis also recently made the following trade(s):
- On Thursday, September 1st, David Francis sold 1,500 shares of Maximus stock. The stock was sold at an average price of $58.69, for a total transaction of $88,035.00.
- On Monday, August 1st, David Francis sold 1,500 shares of Maximus stock. The stock was sold at an average price of $58.91, for a total transaction of $88,365.00.
Shares of Maximus Inc. (NYSE:MMS) opened at 54.18 on Wednesday. The firm has a market cap of $3.52 billion, a P/E ratio of 22.14 and a beta of 1.15. Maximus Inc. has a 12-month low of $45.15 and a 12-month high of $69.85. The stock has a 50 day moving average price of $56.66 and a 200 day moving average price of $55.99.
Maximus (NYSE:MMS) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.75 EPS for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.04. The company had revenue of $617.10 million for the quarter, compared to analyst estimates of $625.62 million. Maximus had a return on equity of 23.89% and a net margin of 6.91%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.62 earnings per share. On average, equities analysts expect that Maximus Inc. will post $2.65 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of MMS. Bank of Montreal Can bought a new position in Maximus during the second quarter worth approximately $13,446,000. State Street Corp raised its position in shares of Maximus by 0.9% in the first quarter. State Street Corp now owns 2,113,848 shares of the company’s stock valued at $111,276,000 after buying an additional 17,949 shares during the period. Wellington Management Group LLP raised its position in shares of Maximus by 0.7% in the first quarter. Wellington Management Group LLP now owns 1,126,578 shares of the company’s stock valued at $59,303,000 after buying an additional 7,330 shares during the period. Capstone Asset Management Co. raised its position in shares of Maximus by 16.9% in the second quarter. Capstone Asset Management Co. now owns 7,262 shares of the company’s stock valued at $402,000 after buying an additional 1,050 shares during the period. Finally, Virginia Retirement Systems ET AL acquired a new position in shares of Maximus during the second quarter valued at about $1,606,000. 99.00% of the stock is currently owned by institutional investors.
Several research firms recently commented on MMS. Zacks Investment Research cut shares of Maximus from a “hold” rating to a “sell” rating in a report on Wednesday, October 5th. KeyCorp began coverage on shares of Maximus in a report on Thursday, June 30th. They set an “overweight” rating and a $63.00 price target for the company. Finally, Maxim Group raised their price target on shares of Maximus from $71.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $63.00.
Maximus Company Profile
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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