Maximus, Inc. (NYSE:MMS) President Bruce Caswell sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $63.28, for a total transaction of $506,240.00. Following the transaction, the president now directly owns 35,904 shares of the company’s stock, valued at approximately $2,272,005.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Tuesday, September 5th, Bruce Caswell sold 8,000 shares of Maximus stock. The stock was sold at an average price of $60.23, for a total transaction of $481,840.00.
  • On Wednesday, August 16th, Bruce Caswell sold 8,000 shares of Maximus stock. The stock was sold at an average price of $60.50, for a total transaction of $484,000.00.
  • On Thursday, August 10th, Bruce Caswell sold 8,000 shares of Maximus stock. The stock was sold at an average price of $59.83, for a total transaction of $478,640.00.
  • On Thursday, July 27th, Bruce Caswell sold 8,000 shares of Maximus stock. The stock was sold at an average price of $60.97, for a total transaction of $487,760.00.
  • On Wednesday, July 12th, Bruce Caswell sold 8,000 shares of Maximus stock. The stock was sold at an average price of $62.21, for a total transaction of $497,680.00.

Shares of Maximus, Inc. (NYSE MMS) opened at 62.81 on Wednesday. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of 20.13 and a beta of 1.37. Maximus, Inc. has a 52-week low of $43.69 and a 52-week high of $64.97. The stock has a 50 day moving average of $60.88 and a 200 day moving average of $61.50.

Maximus (NYSE:MMS) last posted its quarterly earnings results on Thursday, August 3rd. The health services provider reported $0.79 EPS for the quarter, topping the consensus estimate of $0.76 by $0.03. The business had revenue of $600.40 million during the quarter, compared to analysts’ expectations of $614.12 million. Maximus had a net margin of 8.43% and a return on equity of 25.08%. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period last year, the company posted $0.79 earnings per share. Equities analysts predict that Maximus, Inc. will post $3.13 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Tuesday, August 15th were given a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a yield of 0.29%. The ex-dividend date was Friday, August 11th. Maximus’s payout ratio is presently 5.73%.

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MMS has been the subject of several research analyst reports. Robert W. Baird initiated coverage on shares of Maximus in a research report on Sunday, September 3rd. They set a “neutral” rating for the company. KeyCorp reaffirmed a “sector weight” rating on shares of Maximus in a research report on Thursday, May 25th. Zacks Investment Research lowered shares of Maximus from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. BidaskClub lowered shares of Maximus from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 6th. Finally, Maxim Group set a $66.00 price target on shares of Maximus and gave the stock a “hold” rating in a research report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $62.43.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Teacher Retirement System of Texas raised its position in Maximus by 0.3% during the second quarter. Teacher Retirement System of Texas now owns 5,174 shares of the health services provider’s stock valued at $324,000 after acquiring an additional 14 shares in the last quarter. Alps Advisors Inc. raised its position in Maximus by 0.3% during the second quarter. Alps Advisors Inc. now owns 7,807 shares of the health services provider’s stock valued at $489,000 after acquiring an additional 20 shares in the last quarter. World Asset Management Inc raised its position in Maximus by 0.8% during the first quarter. World Asset Management Inc now owns 3,976 shares of the health services provider’s stock valued at $247,000 after acquiring an additional 30 shares in the last quarter. Neuburgh Advisers LLC raised its position in Maximus by 1.9% during the first quarter. Neuburgh Advisers LLC now owns 1,696 shares of the health services provider’s stock valued at $105,000 after acquiring an additional 32 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC raised its position in Maximus by 0.3% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 11,206 shares of the health services provider’s stock valued at $620,000 after acquiring an additional 36 shares in the last quarter. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

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