MAXIMUS, Inc. (NYSE:MMS) CEO Richard A. Montoni sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $67.89, for a total value of $2,036,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
MAXIMUS, Inc. (MMS) traded down $0.15 during mid-day trading on Friday, hitting $68.00. The stock had a trading volume of 211,731 shares, compared to its average volume of 546,134. The firm has a market capitalization of $4,426.71, a P/E ratio of 20.28, a P/E/G ratio of 2.26 and a beta of 1.21. MAXIMUS, Inc. has a 1-year low of $57.12 and a 1-year high of $72.71. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.57 and a quick ratio of 2.57.
MAXIMUS (NYSE:MMS) last posted its quarterly earnings data on Thursday, February 8th. The health services provider reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.01. The business had revenue of $623.10 million during the quarter, compared to the consensus estimate of $624.36 million. MAXIMUS had a return on equity of 22.93% and a net margin of 8.99%. The company’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.71 earnings per share. equities research analysts expect that MAXIMUS, Inc. will post 3.44 EPS for the current fiscal year.
Hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio boosted its holdings in shares of MAXIMUS by 42.1% in the third quarter. Public Employees Retirement System of Ohio now owns 104,056 shares of the health services provider’s stock valued at $6,712,000 after acquiring an additional 30,804 shares during the period. OxFORD Asset Management LLP lifted its holdings in shares of MAXIMUS by 338.0% during the third quarter. OxFORD Asset Management LLP now owns 33,885 shares of the health services provider’s stock worth $2,186,000 after purchasing an additional 26,148 shares during the period. Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of MAXIMUS by 798.2% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 172,286 shares of the health services provider’s stock worth $11,110,000 after purchasing an additional 153,104 shares during the period. Jane Street Group LLC acquired a new stake in shares of MAXIMUS during the third quarter worth $359,000. Finally, Wells Fargo & Company MN lifted its holdings in shares of MAXIMUS by 8.8% during the third quarter. Wells Fargo & Company MN now owns 112,612 shares of the health services provider’s stock worth $7,264,000 after purchasing an additional 9,147 shares during the period. 96.76% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently issued reports on the company. Canaccord Genuity reaffirmed a “buy” rating on shares of MAXIMUS in a report on Wednesday, December 27th. Zacks Investment Research raised MAXIMUS from a “sell” rating to a “hold” rating in a report on Wednesday, January 17th. Finally, Maxim Group reaffirmed a “hold” rating and issued a $69.00 price target (up from $66.00) on shares of MAXIMUS in a report on Thursday, February 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $66.60.
ILLEGAL ACTIVITY WARNING: “Richard A. Montoni Sells 30,000 Shares of MAXIMUS, Inc. (MMS) Stock” was first published by Week Herald and is the property of of Week Herald. If you are accessing this story on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this story can be read at https://weekherald.com/2018/02/23/richard-a-montoni-sells-30000-shares-of-maximus-inc-mms-stock.html.
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.
Receive News & Ratings for MAXIMUS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MAXIMUS and related companies with MarketBeat.com's FREE daily email newsletter.