Insider Selling: Maximus, Inc. (MMS) President Sells 8,000 Shares of Stock

Maximus, Inc. (NYSE:MMS) President Bruce Caswell sold 8,000 shares of Maximus stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $62.76, for a total value of $502,080.00. Following the transaction, the president now owns 35,904 shares of the company’s stock, valued at approximately $2,253,335.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Bruce Caswell also recently made the following trade(s):

  • On Monday, June 5th, Bruce Caswell sold 8,000 shares of Maximus stock. The shares were sold at an average price of $63.48, for a total value of $507,840.00.
  • On Thursday, May 18th, Bruce Caswell sold 8,000 shares of Maximus stock. The stock was sold at an average price of $61.79, for a total value of $494,320.00.
  • On Thursday, May 11th, Bruce Caswell sold 17,197 shares of Maximus stock. The stock was sold at an average price of $62.47, for a total value of $1,074,296.59.

Maximus, Inc. (NYSE:MMS) traded down 0.96% during mid-day trading on Friday, reaching $63.76. The company’s stock had a trading volume of 663,736 shares. The stock has a 50-day moving average price of $62.76 and a 200-day moving average price of $59.31. Maximus, Inc. has a one year low of $43.69 and a one year high of $64.97. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of 20.90 and a beta of 1.45.

Maximus (NYSE:MMS) last posted its quarterly earnings data on Thursday, May 4th. The health services provider reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.02. Maximus had a return on equity of 26.21% and a net margin of 8.18%. The company had revenue of $622 million for the quarter, compared to analysts’ expectations of $620.24 million. During the same period in the previous year, the firm posted $0.74 EPS. Maximus’s revenue was up 2.6% compared to the same quarter last year. Equities research analysts forecast that Maximus, Inc. will post $3.05 EPS for the current year.

Insider Buying and Selling by Quarter for Maximus (NYSE:MMS)

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 31st. Investors of record on Monday, May 15th were issued a $0.045 dividend. This represents a $0.18 annualized dividend and a yield of 0.28%. The ex-dividend date was Thursday, May 11th. Maximus’s payout ratio is 5.86%.

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Several research analysts have recently weighed in on the company. ValuEngine cut Maximus from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. KeyCorp restated a “sector weight” rating on shares of Maximus in a research note on Thursday, May 25th. Jefferies Group LLC cut Maximus from a “buy” rating to a “hold” rating and boosted their price target for the stock from $63.00 to $64.00 in a research note on Friday, May 5th. Canaccord Genuity restated a “buy” rating and issued a $62.00 price target on shares of Maximus in a research note on Friday, April 7th. Finally, Maxim Group cut Maximus from a “buy” rating to a “hold” rating and set a $66.00 price target for the company. in a research note on Thursday, May 4th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $61.33.

A number of large investors have recently bought and sold shares of MMS. BlackRock Inc. boosted its position in shares of Maximus by 22,491.0% in the first quarter. BlackRock Inc. now owns 6,503,511 shares of the health services provider’s stock valued at $404,518,000 after buying an additional 6,474,723 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Maximus by 8.0% in the first quarter. Vanguard Group Inc. now owns 5,538,187 shares of the health services provider’s stock valued at $344,476,000 after buying an additional 411,521 shares in the last quarter. William Blair Investment Management LLC boosted its position in shares of Maximus by 14.7% in the first quarter. William Blair Investment Management LLC now owns 4,416,279 shares of the health services provider’s stock valued at $274,693,000 after buying an additional 566,292 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Maximus by 14.9% in the first quarter. Victory Capital Management Inc. now owns 2,856,080 shares of the health services provider’s stock valued at $177,648,000 after buying an additional 369,794 shares in the last quarter. Finally, Janus Capital Management LLC boosted its position in shares of Maximus by 5.5% in the fourth quarter. Janus Capital Management LLC now owns 2,406,771 shares of the health services provider’s stock valued at $134,274,000 after buying an additional 126,514 shares in the last quarter. Institutional investors own 98.67% of the company’s stock.

About Maximus

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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