Shares of MAXIMUS, Inc. (NYSE:MMS) have been assigned an average recommendation of “Hold” from the ten research firms that are currently covering the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $59.00.
A number of research firms have weighed in on MMS. Zacks Investment Research raised MAXIMUS from a “sell” rating to a “hold” rating in a report on Thursday, January 12th. Jefferies Group LLC reaffirmed a “buy” rating and set a $64.00 price objective (down from $65.00) on shares of MAXIMUS in a report on Thursday, February 16th. Finally, Avondale Partners reaffirmed a “market perform” rating and set a $58.00 price objective on shares of MAXIMUS in a report on Tuesday, January 17th.
In related news, General Counsel David Francis sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, February 17th. The shares were sold at an average price of $59.08, for a total value of $88,620.00. Following the completion of the transaction, the general counsel now owns 24,216 shares in the company, valued at approximately $1,430,681.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anne K. Altman acquired 2,700 shares of the company’s stock in a transaction that occurred on Friday, February 10th. The stock was bought at an average price of $56.04 per share, with a total value of $151,308.00. Following the transaction, the director now directly owns 2,700 shares in the company, valued at $151,308. The disclosure for this purchase can be found here. Insiders sold a total of 38,620 shares of company stock worth $2,327,653 over the last three months. 3.10% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. First Bank & Trust bought a new position in MAXIMUS during the fourth quarter valued at $135,000. Elkfork Partners LLC bought a new position in MAXIMUS during the fourth quarter valued at $162,000. Sei Investments Co. boosted its position in MAXIMUS by 12.7% in the third quarter. Sei Investments Co. now owns 4,046 shares of the company’s stock valued at $229,000 after buying an additional 457 shares during the period. LS Investment Advisors LLC boosted its position in MAXIMUS by 5.7% in the third quarter. LS Investment Advisors LLC now owns 4,150 shares of the company’s stock valued at $235,000 after buying an additional 222 shares during the period. Finally, Navellier & Associates Inc boosted its position in MAXIMUS by 10.6% in the third quarter. Navellier & Associates Inc now owns 4,160 shares of the company’s stock valued at $235,000 after buying an additional 397 shares during the period. Hedge funds and other institutional investors own 98.74% of the company’s stock.
Shares of MAXIMUS (NYSE:MMS) traded down 0.42% during trading on Monday, hitting $61.69. The stock had a trading volume of 287,067 shares. The stock has a market capitalization of $4.00 billion, a price-to-earnings ratio of 20.56 and a beta of 1.13. The stock’s 50 day moving average is $59.71 and its 200 day moving average is $56.43. MAXIMUS has a 52 week low of $43.69 and a 52 week high of $62.35.
MAXIMUS (NYSE:MMS) last released its quarterly earnings data on Thursday, February 9th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.08. The company had revenue of $607.60 million for the quarter, compared to the consensus estimate of $599.98 million. MAXIMUS had a return on equity of 26.42% and a net margin of 8.08%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.40 earnings per share. On average, equities research analysts expect that MAXIMUS will post $3.00 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 28th. Stockholders of record on Wednesday, February 15th were issued a $0.045 dividend. This represents a $0.18 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend was Monday, February 13th. MAXIMUS’s payout ratio is currently 5.98%.
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.
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