Insider Selling: MAXIMUS, Inc. (MMS) Director Sells $71,730.00 in Stock
MAXIMUS, Inc. (NYSE:MMS) Director Russell A. Beliveau sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $71.73, for a total value of $71,730.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
MAXIMUS, Inc. (NYSE MMS) opened at $71.27 on Friday. The company has a market capitalization of $4,626.65, a P/E ratio of 22.84, a price-to-earnings-growth ratio of 2.67 and a beta of 1.34. MAXIMUS, Inc. has a 12 month low of $51.74 and a 12 month high of $72.54.
MMS has been the topic of a number of analyst reports. Zacks Investment Research raised MAXIMUS from a “hold” rating to a “buy” rating and set a $73.00 price target on the stock in a research note on Wednesday, October 4th. Canaccord Genuity decreased their price target on MAXIMUS from $62.00 to $61.00 and set a “hold” rating on the stock in a research note on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $64.33.
A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in MAXIMUS by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 5,669,026 shares of the health services provider’s stock worth $355,052,000 after purchasing an additional 130,839 shares during the period. FMR LLC increased its stake in MAXIMUS by 10.4% in the 2nd quarter. FMR LLC now owns 4,658,584 shares of the health services provider’s stock worth $291,767,000 after purchasing an additional 438,025 shares during the period. Victory Capital Management Inc. increased its stake in MAXIMUS by 13.3% in the 3rd quarter. Victory Capital Management Inc. now owns 3,514,228 shares of the health services provider’s stock worth $226,667,000 after purchasing an additional 413,325 shares during the period. Janus Henderson Group PLC increased its stake in MAXIMUS by 718.8% in the 2nd quarter. Janus Henderson Group PLC now owns 2,211,638 shares of the health services provider’s stock worth $138,515,000 after purchasing an additional 1,941,521 shares during the period. Finally, State Street Corp increased its stake in MAXIMUS by 3.5% in the 2nd quarter. State Street Corp now owns 2,138,049 shares of the health services provider’s stock worth $133,906,000 after purchasing an additional 71,823 shares during the period. 94.79% of the stock is currently owned by institutional investors and hedge funds.
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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