Maximus, Inc. (NYSE:MMS) General Counsel David Francis sold 3,900 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $63.97, for a total value of $249,483.00. Following the completion of the transaction, the general counsel now owns 15,090 shares in the company, valued at approximately $965,307.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
David Francis also recently made the following trade(s):
- On Thursday, October 5th, David Francis sold 3,000 shares of Maximus stock. The shares were sold at an average price of $65.28, for a total value of $195,840.00.
- On Friday, August 18th, David Francis sold 2,000 shares of Maximus stock. The shares were sold at an average price of $58.89, for a total value of $117,780.00.
Maximus, Inc. (MMS) opened at $64.63 on Tuesday. The stock has a market capitalization of $4,089.63, a P/E ratio of 20.29, a P/E/G ratio of 1.99 and a beta of 1.32. Maximus, Inc. has a 12 month low of $51.74 and a 12 month high of $66.96.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Wednesday, November 15th will be paid a dividend of $0.045 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.18 dividend on an annualized basis and a yield of 0.28%. Maximus’s dividend payout ratio is presently 5.66%.
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A number of research firms have recently commented on MMS. Zacks Investment Research downgraded Maximus from a “hold” rating to a “sell” rating in a report on Tuesday. Canaccord Genuity dropped their price objective on Maximus from $62.00 to $61.00 and set a “hold” rating on the stock in a report on Friday. Robert W. Baird began coverage on Maximus in a report on Sunday, September 3rd. They issued a “neutral” rating on the stock. Maxim Group set a $66.00 price objective on Maximus and gave the company a “hold” rating in a report on Thursday, August 3rd. Finally, BidaskClub downgraded Maximus from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Maximus has a consensus rating of “Hold” and an average price target of $63.00.
Large investors have recently added to or reduced their stakes in the stock. State of Tennessee Treasury Department grew its stake in Maximus by 50.0% during the 2nd quarter. State of Tennessee Treasury Department now owns 60,000 shares of the health services provider’s stock worth $3,758,000 after buying an additional 20,000 shares during the last quarter. Koch Industries Inc. purchased a new position in Maximus during the 2nd quarter worth approximately $629,000. Mutual of America Capital Management LLC grew its stake in Maximus by 26.6% during the 2nd quarter. Mutual of America Capital Management LLC now owns 108,053 shares of the health services provider’s stock worth $6,767,000 after buying an additional 22,713 shares during the last quarter. Virginia Retirement Systems ET AL grew its stake in Maximus by 3.5% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 46,700 shares of the health services provider’s stock worth $2,925,000 after buying an additional 1,600 shares during the last quarter. Finally, Van Berkom & Associates Inc. grew its stake in Maximus by 4.5% during the 2nd quarter. Van Berkom & Associates Inc. now owns 1,150,713 shares of the health services provider’s stock worth $72,069,000 after buying an additional 49,360 shares during the last quarter. Hedge funds and other institutional investors own 97.55% of the company’s stock.
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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