Maximus, Inc. (NYSE:MMS) Director Russell A. Beliveau sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $64.30, for a total value of $96,450.00. Following the transaction, the director now directly owns 40,329 shares in the company, valued at $2,593,154.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of Maximus, Inc. (NYSE:MMS) traded down $0.15 during midday trading on Friday, reaching $65.47. The company’s stock had a trading volume of 327,295 shares, compared to its average volume of 267,984. Maximus, Inc. has a 52-week low of $51.74 and a 52-week high of $66.96. The firm has a market cap of $4,240.00, a price-to-earnings ratio of 20.83, a price-to-earnings-growth ratio of 2.42 and a beta of 1.32.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th will be issued a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date is Tuesday, November 14th. Maximus’s dividend payout ratio is 5.68%.
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A number of hedge funds and other institutional investors have recently modified their holdings of MMS. Teachers Advisors LLC grew its holdings in Maximus by 5.9% in the 1st quarter. Teachers Advisors LLC now owns 119,967 shares of the health services provider’s stock valued at $7,462,000 after buying an additional 6,696 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Maximus by 3.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 632,118 shares of the health services provider’s stock valued at $39,318,000 after buying an additional 19,788 shares in the last quarter. AQR Capital Management LLC grew its holdings in Maximus by 0.9% in the 1st quarter. AQR Capital Management LLC now owns 40,868 shares of the health services provider’s stock valued at $2,542,000 after buying an additional 361 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in Maximus in the 2nd quarter valued at $326,000. Finally, Capstone Asset Management Co. grew its holdings in Maximus by 1.1% in the 2nd quarter. Capstone Asset Management Co. now owns 7,052 shares of the health services provider’s stock valued at $442,000 after buying an additional 80 shares in the last quarter. 97.55% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts recently weighed in on MMS shares. Zacks Investment Research raised Maximus from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a report on Wednesday, October 4th. Robert W. Baird started coverage on Maximus in a report on Sunday, September 3rd. They set a “neutral” rating on the stock. Canaccord Genuity decreased their target price on Maximus from $62.00 to $61.00 and set a “hold” rating on the stock in a report on Friday, November 10th. Maxim Group set a $66.00 target price on Maximus and gave the stock a “hold” rating in a report on Thursday, August 3rd. Finally, BidaskClub lowered Maximus from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. The company has a consensus rating of “Hold” and an average target price of $64.33.
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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