Zacks Investment Research downgraded shares of Maximus, Inc. (NYSE:MMS) from a hold rating to a sell rating in a research report report published on Tuesday.
According to Zacks, “MAXIMUS, Inc. is an extremely dynamic and complex organization that offers government and industry a range of unique services, products, and solutions. The diverse services and products that MAXIMUS offers may be categorized into three groups: Government Program Management and Operations, Consulting, and Systems. Government Program Management and Operations focuses on having a measurable impact on the lives of the citizens we help government serve. The insights of MAXIMUS Consulting, and the technological innovations advanced through Systems, help government gain program efficiencies and pursue improvements that in turn benefit citizens. “
A number of other equities analysts have also issued reports on MMS. Canaccord Genuity decreased their target price on shares of Maximus from $62.00 to $61.00 and set a hold rating for the company in a research report on Friday, November 10th. Maxim Group set a $66.00 target price on shares of Maximus and gave the company a hold rating in a research report on Thursday, August 3rd. BidaskClub lowered shares of Maximus from a hold rating to a sell rating in a research report on Monday, July 24th. Finally, Robert W. Baird reiterated a hold rating and issued a $64.00 target price on shares of Maximus in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $64.33.
Maximus (NYSE MMS) opened at $65.47 on Tuesday. The stock has a market cap of $4,199.18, a PE ratio of 20.83, a P/E/G ratio of 2.42 and a beta of 1.32. Maximus has a 12-month low of $51.74 and a 12-month high of $66.96.
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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.045 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.18 annualized dividend and a dividend yield of 0.27%. Maximus’s dividend payout ratio (DPR) is 5.66%.
In other news, General Counsel David Francis sold 1,373 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $65.35, for a total transaction of $89,725.55. Following the completion of the transaction, the general counsel now owns 13,617 shares in the company, valued at approximately $889,870.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, President Bruce Caswell sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $60.23, for a total transaction of $481,840.00. Following the transaction, the president now owns 35,904 shares of the company’s stock, valued at approximately $2,162,497.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 75,773 shares of company stock valued at $4,814,579. Insiders own 3.10% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Belpointe Asset Management LLC bought a new position in shares of Maximus during the 3rd quarter valued at about $269,000. Cetera Advisors LLC bought a new position in shares of Maximus during the 3rd quarter valued at about $275,000. California Public Employees Retirement System boosted its holdings in shares of Maximus by 4.7% in the third quarter. California Public Employees Retirement System now owns 104,587 shares of the health services provider’s stock worth $6,746,000 after buying an additional 4,687 shares during the period. Cubist Systematic Strategies LLC boosted its holdings in shares of Maximus by 28.5% in the third quarter. Cubist Systematic Strategies LLC now owns 5,100 shares of the health services provider’s stock worth $329,000 after buying an additional 1,131 shares during the period. Finally, Jane Street Group LLC acquired a new position in shares of Maximus in the third quarter worth about $359,000. Institutional investors own 97.55% of the company’s stock.
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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