Trade Report: Today, Maximus Inc. (MMS) General Counsel David Francis Sold 2,000 Shares

Today, Maximus Inc. (MMS) General Counsel David Francis Sold 2,000 Shares

Maximus Inc. (NYSE:MMS) General Counsel David Francis sold 2,000 shares of the company’s stock in a transaction on Friday, October 14th. The shares were sold at an average price of $55.00, for a total transaction of $110,000.00. Following the sale, the general counsel now owns 29,616 shares of the company’s stock, valued at approximately $1,628,880. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

David Francis also recently made the following trade(s): On Thursday, September 1st, David Francis sold 1,500 shares of Maximus stock. The shares were 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 shares were sold at an average price of $58.91, for a total transaction of $88,365.00.

Maximus Inc. (NYSE:MMS) opened at 54.58 on Monday. The firm has a market capitalization of $3.54 billion, a P/E ratio of 22.30 and a beta of 1.15. Maximus Inc. has a 1-year low of $45.15 and a 1-year high of $69.85. The stock’s 50 day moving average is $56.91 and its 200-day moving average is $55.93.

Maximus (NYSE:MMS) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.04. The firm earned $617.10 million during the quarter, compared to the consensus estimate of $625.62 million. Maximus had a net margin of 6.91% and a return on equity of 23.89%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.62 earnings per share. Analysts forecast that Maximus Inc. will post $2.65 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in MMS. FMR LLC increased its position in Maximus by 17.4% in the second quarter. FMR LLC now owns 5,269,547 shares of the company’s stock valued at $291,775,000 after buying an additional 780,765 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Maximus by 4.1% in the second quarter. Vanguard Group Inc. now owns 4,851,314 shares of the company’s stock worth $268,617,000 after buying an additional 190,241 shares in the last quarter. William Blair Investment Management LLC increased its position in shares of Maximus by 4.5% in the second quarter. William Blair Investment Management LLC now owns 3,719,114 shares of the company’s stock worth $205,927,000 after buying an additional 161,213 shares in the last quarter. BlackRock Fund Advisors increased its position in shares of Maximus by 1.6% in the second quarter. BlackRock Fund Advisors now owns 3,276,880 shares of the company’s stock worth $181,441,000 after buying an additional 50,150 shares in the last quarter. Finally, Janus Capital Management LLC increased its position in shares of Maximus by 8.4% in the second quarter. Janus Capital Management LLC now owns 2,258,437 shares of the company’s stock worth $125,050,000 after buying an additional 175,634 shares in the last quarter. 99.00% of the stock is owned by hedge funds and other institutional investors.

MMS has been the subject of several research analyst reports. Zacks Investment Research lowered shares of Maximus from a “hold” rating to a “sell” rating in a report on Wednesday, August 3rd. KeyCorp initiated coverage on shares of Maximus in a report on Thursday, June 30th. They issued an “overweight” rating and a $63.00 price target for the company. Finally, Maxim Group boosted their price target on shares of Maximus from $71.00 to $74.00 and gave the company 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 given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $63.00.

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