Maximus, Inc. (NYSE:MMS) General Counsel David Francis Sells 1,373 Shares

Maximus, Inc. (NYSE:MMS) General Counsel David Francis sold 1,373 shares of Maximus stock in a transaction on Friday, November 17th. The stock was sold at an average price of $65.35, for a total transaction of $89,725.55. Following the transaction, the general counsel now directly owns 13,617 shares of the company’s stock, valued at $889,870.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

David Francis also recently made the following trade(s):

  • On Monday, November 13th, David Francis sold 3,900 shares of Maximus stock. The shares were sold at an average price of $63.97, for a total value of $249,483.00.
  • On Thursday, October 5th, David Francis sold 3,000 shares of Maximus stock. The shares were sold at an average price of $65.28, for a total value of $195,840.00.

Maximus, Inc. (NYSE MMS) opened at $69.18 on Monday. The firm has a market capitalization of $4,506.15, a P/E ratio of 22.24, a PEG ratio of 2.60 and a beta of 1.35. Maximus, Inc. has a 52 week low of $51.74 and a 52 week high of $69.20.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Wednesday, November 15th were paid a $0.045 dividend. This represents a $0.18 annualized dividend and a yield of 0.26%. The ex-dividend date was Tuesday, November 14th. Maximus’s dividend payout ratio is currently 5.66%.

Institutional investors and hedge funds have recently modified their holdings of the business. State of Tennessee Treasury Department increased its stake in shares of Maximus by 50.0% in the 2nd quarter. State of Tennessee Treasury Department now owns 60,000 shares of the health services provider’s stock worth $3,758,000 after acquiring an additional 20,000 shares during the last quarter. Koch Industries Inc. acquired a new stake in shares of Maximus in the 2nd quarter worth $629,000. Mutual of America Capital Management LLC increased its stake in shares of Maximus by 26.6% in the 2nd quarter. Mutual of America Capital Management LLC now owns 108,053 shares of the health services provider’s stock worth $6,767,000 after acquiring an additional 22,713 shares during the last quarter. Virginia Retirement Systems ET AL increased its stake in shares of Maximus by 3.5% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 46,700 shares of the health services provider’s stock worth $2,925,000 after acquiring an additional 1,600 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of Maximus by 44.5% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 9,125 shares of the health services provider’s stock worth $572,000 after acquiring an additional 2,812 shares during the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

Several analysts recently weighed in on the company. Zacks Investment Research downgraded Maximus from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Canaccord Genuity reduced their target price on shares of Maximus from $62.00 to $61.00 and set a “hold” rating for the company in a report on Friday, November 10th. Finally, Robert W. Baird assumed coverage on shares of Maximus in a report on Sunday, September 3rd. They issued a “neutral” rating for the company. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $64.33.

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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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