Bruce Caswell Sells 8,000 Shares of Maximus, Inc. (MMS) Stock

Maximus, Inc. (NYSE:MMS) President Bruce Caswell sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $60.50, for a total value of $484,000.00. Following the completion of the sale, the president now directly owns 35,904 shares in the company, valued at $2,172,192. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Bruce Caswell also recently made the following trade(s):

  • On Thursday, August 10th, Bruce Caswell sold 8,000 shares of Maximus stock. The stock was sold at an average price of $59.83, for a total value of $478,640.00.
  • On Thursday, July 27th, Bruce Caswell sold 8,000 shares of Maximus stock. The stock was sold at an average price of $60.97, for a total value of $487,760.00.
  • On Wednesday, July 12th, Bruce Caswell sold 8,000 shares of Maximus stock. The stock was sold at an average price of $62.21, for a total value of $497,680.00.
  • On Friday, June 16th, Bruce Caswell sold 8,000 shares of Maximus stock. The stock was sold at an average price of $63.56, for a total value of $508,480.00.
  • On Monday, June 5th, Bruce Caswell sold 8,000 shares of Maximus stock. The stock was sold at an average price of $63.48, for a total value of $507,840.00.
  • On Tuesday, May 23rd, Bruce Caswell sold 8,000 shares of Maximus stock. The stock was sold at an average price of $62.76, for a total value of $502,080.00.

Maximus, Inc. (NYSE:MMS) traded down 1.82% during mid-day trading on Thursday, reaching $59.35. The company’s stock had a trading volume of 341,607 shares. The stock has a market cap of $3.85 billion, a P/E ratio of 19.02 and a beta of 1.39. Maximus, Inc. has a one year low of $43.69 and a one year high of $64.97. The firm’s 50 day moving average is $61.00 and its 200-day moving average is $60.98.

Maximus (NYSE:MMS) last released its quarterly earnings data on Thursday, August 3rd. The health services provider reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.03. Maximus had a net margin of 8.43% and a return on equity of 25.08%. The company had revenue of $600.40 million during the quarter, compared to analysts’ expectations of $614.12 million. During the same quarter in the previous year, the company earned $0.79 earnings per share. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. Equities analysts expect that Maximus, Inc. will post $3.12 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be issued a $0.045 dividend. The ex-dividend date is Friday, August 11th. This represents a $0.18 dividend on an annualized basis and a yield of 0.30%. Maximus’s payout ratio is 5.73%.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MMS. Neuburgh Advisers LLC raised its stake in shares of Maximus by 1.9% in the first quarter. Neuburgh Advisers LLC now owns 1,696 shares of the health services provider’s stock valued at $105,000 after buying an additional 32 shares during the period. Acrospire Investment Management LLC raised its stake in shares of Maximus by 183.3% in the first quarter. Acrospire Investment Management LLC now owns 1,700 shares of the health services provider’s stock valued at $106,000 after buying an additional 1,100 shares during the period. Glen Harbor Capital Management LLC raised its stake in shares of Maximus by 1.9% in the first quarter. Glen Harbor Capital Management LLC now owns 2,332 shares of the health services provider’s stock valued at $145,000 after buying an additional 44 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Maximus by 10.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,367 shares of the health services provider’s stock valued at $148,000 after buying an additional 220 shares during the period. Finally, First Bank & Trust raised its stake in shares of Maximus by 4.2% in the second quarter. First Bank & Trust now owns 2,507 shares of the health services provider’s stock valued at $157,000 after buying an additional 101 shares during the period. 97.20% of the stock is owned by institutional investors.

MMS has been the topic of several recent analyst reports. BidaskClub cut Maximus from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 6th. Zacks Investment Research raised Maximus from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research report on Saturday, August 5th. Maxim Group set a $66.00 price objective on Maximus and gave the company a “hold” rating in a research report on Thursday, August 3rd. ValuEngine cut Maximus from a “buy” rating to a “hold” rating in a research report on Tuesday, May 16th. Finally, Jefferies Group LLC cut Maximus from a “buy” rating to a “hold” rating and lifted their price objective for the company from $63.00 to $64.00 in a research report on Friday, May 5th. One analyst has rated the stock with a sell rating and eight have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $62.17.

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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