Insider Selling: Maximus, Inc. (NYSE:MMS) Insider Sells 5,594 Shares of Stock

Maximus, Inc. (NYSE:MMS) insider Mark Andrekovich sold 5,594 shares of Maximus stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $67.23, for a total value of $376,084.62. Following the sale, the insider now owns 27,996 shares of the company’s stock, valued at approximately $1,882,171.08. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Maximus, Inc. (NYSE:MMS) traded up $0.03 during midday trading on Wednesday, hitting $68.80. The stock had a trading volume of 359,800 shares, compared to its average volume of 358,624. The firm has a market cap of $4,479.44, a price-to-earnings ratio of 22.11, a P/E/G ratio of 2.58 and a beta of 1.35. Maximus, Inc. has a fifty-two week low of $51.74 and a fifty-two week high of $70.43.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Wednesday, November 15th were given a dividend of $0.045 per share. 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 (DPR) is presently 5.66%.

Several analysts have commented on the company. Zacks Investment Research upgraded Maximus from a “hold” rating to a “buy” rating and set a $73.00 price target for the company in a report on Wednesday, October 4th. Canaccord Genuity lowered their price target on 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 reaffirmed a “hold” rating and issued a $64.00 price objective on shares of Maximus in a research note on Friday, September 1st. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $64.33.

A number of institutional investors have recently added to or reduced their stakes in MMS. Acrospire Investment Management LLC lifted its position in Maximus by 17.6% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,000 shares of the health services provider’s stock worth $125,000 after acquiring an additional 300 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Maximus by 10.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,367 shares of the health services provider’s stock worth $148,000 after acquiring an additional 220 shares in the last quarter. First Bank & Trust lifted its position in Maximus by 4.2% during the 2nd quarter. First Bank & Trust now owns 2,507 shares of the health services provider’s stock worth $157,000 after acquiring an additional 101 shares in the last quarter. Intl Fcstone Inc. acquired a new position in Maximus during the 2nd quarter worth approximately $201,000. Finally, GW Henssler & Associates Ltd. acquired a new position in Maximus during the 2nd quarter worth approximately $205,000. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

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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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