Trade Report: Today, Maximus Inc. (MMS) CEO Sold $1,425,000.00 in Stock

Today, Maximus Inc. (MMS) CEO Sold $1,425,000.00 in Stock

Maximus Inc. (NYSE:MMS) CEO Richard A. Montoni sold 25,000 shares of the company’s stock in a transaction dated Friday, November 25th. The shares were sold at an average price of $57.00, for a total transaction of $1,425,000.00. Following the completion of the transaction, the chief executive officer now owns 641,114 shares in the company, valued at $36,543,498. The transaction was disclosed in a filing with the SEC, which is available at this link.

Maximus Inc. (NYSE:MMS) opened at 57.33 on Friday. Maximus Inc. has a 12-month low of $43.69 and a 12-month high of $61.68. The company has a 50-day moving average of $53.77 and a 200 day moving average of $56.30. The stock has a market cap of $3.77 billion, a price-to-earnings ratio of 21.31 and a beta of 1.15.

Maximus (NYSE:MMS) last issued its quarterly earnings results on Thursday, November 10th. The company reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.05. Maximus had a return on equity of 24.93% and a net margin of 7.42%. The firm had revenue of $623.10 million for the quarter, compared to analysts’ expectations of $610.65 million. During the same quarter last year, the business posted $0.53 EPS. Maximus’s revenue was up 7.7% on a year-over-year basis. Equities analysts anticipate that Maximus Inc. will post $3.00 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Tuesday, November 15th will be paid a dividend of $0.045 per share. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $0.18 annualized dividend and a yield of 0.31%. Maximus’s dividend payout ratio (DPR) is presently 6.67%.

A number of institutional investors have recently added to or reduced their stakes in MMS. D.A. Davidson & CO. boosted its position in Maximus by 4.6% in the third quarter. D.A. Davidson & CO. now owns 79,470 shares of the company’s stock valued at $4,491,000 after buying an additional 3,463 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Maximus by 3.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 759,798 shares of the company’s stock valued at $42,974,000 after buying an additional 23,698 shares during the period. Sawtooth Solutions LLC boosted its position in Maximus by 14.0% in the third quarter. Sawtooth Solutions LLC now owns 6,246 shares of the company’s stock valued at $353,000 after buying an additional 766 shares during the period. Credit Suisse AG boosted its position in Maximus by 0.8% in the third quarter. Credit Suisse AG now owns 187,719 shares of the company’s stock valued at $10,618,000 after buying an additional 1,417 shares during the period. Finally, Ameritas Investment Partners Inc. boosted its position in Maximus by 65.2% in the third quarter. Ameritas Investment Partners Inc. now owns 25,346 shares of the company’s stock valued at $1,434,000 after buying an additional 10,000 shares during the period. 99.72% of the stock is currently owned by institutional investors.

Several research analysts have recently weighed in on the stock. Maxim Group increased their price objective on shares of Maximus from $71.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. Zacks Investment Research lowered shares of Maximus from a “hold” rating to a “sell” rating in a report on Wednesday, August 3rd. Raymond James Financial Inc. lowered shares of Maximus from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 9th. Sidoti lowered shares of Maximus from a “buy” rating to a “neutral” rating and set a $55.00 price objective on the stock. in a report on Tuesday, November 15th. Finally, Jefferies Group reiterated a “buy” rating and set a $65.00 price objective (down from $67.00) on shares of Maximus in a report on Wednesday, November 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $61.89.

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