Maximus, Inc. (NYSE:MMS) Rating Lowered to Hold at BidaskClub

Maximus, Inc. (NYSE:MMS) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Thursday.

Several other equities research analysts have also recently weighed in on MMS. Canaccord Genuity reiterated a “buy” rating and set a $62.00 price target on shares of Maximus in a research report on Friday, April 7th. Maxim Group cut Maximus from a “buy” rating to a “hold” rating and set a $66.00 price target on the stock. in a research report on Thursday, May 4th. They noted that the move was a valuation call. Jefferies Group LLC cut Maximus from a “buy” rating to a “hold” rating and upped their price target for the company from $63.00 to $64.00 in a research report on Friday, May 5th. ValuEngine cut Maximus from a “buy” rating to a “hold” rating in a research report on Tuesday, May 16th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Maximus in a research report on Thursday, May 25th. One equities research analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $61.00.

Shares of Maximus (MMS) traded down 2.16% during midday trading on Thursday, reaching $60.37. 547,170 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $63.22 and a 200 day moving average price of $59.87. Maximus has a 12 month low of $43.69 and a 12 month high of $64.97. The company has a market cap of $3.91 billion, a P/E ratio of 19.79 and a beta of 1.40.

Maximus (NYSE:MMS) last announced its quarterly earnings results on Thursday, May 4th. The health services provider reported $0.80 earnings per share for the quarter, beating 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 firm had revenue of $622 million for the quarter, compared to analysts’ expectations of $620.24 million. During the same period in the prior year, the business posted $0.74 earnings per share. The company’s revenue was up 2.6% on a year-over-year basis. Equities research analysts forecast that Maximus will post $3.05 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be issued a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a dividend yield of 0.30%. The ex-dividend date is Friday, August 11th. Maximus’s payout ratio is 5.86%.

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In other Maximus news, CEO Richard A. Montoni sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $62.81, for a total value of $1,884,300.00. Following the completion of the sale, the chief executive officer now owns 584,114 shares of the company’s stock, valued at $36,688,200.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel David Francis sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, April 20th. The stock was sold at an average price of $59.91, for a total value of $89,865.00. Following the completion of the sale, the general counsel now directly owns 19,716 shares of the company’s stock, valued at approximately $1,181,185.56. The disclosure for this sale can be found here. Insiders have sold 102,346 shares of company stock valued at $6,425,711 in the last three months. 3.10% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its stake 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. raised its stake 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 raised its stake 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. raised its stake 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, State Street Corp raised its stake in shares of Maximus by 2.5% in the first quarter. State Street Corp now owns 2,066,226 shares of the health services provider’s stock valued at $128,517,000 after buying an additional 50,670 shares in the last quarter. 98.34% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Maximus (NYSE:MMS)

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