Insider Selling: Maximus, Inc. (NYSE:MMS) General Counsel Sells 1,373 Shares of Stock

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 is available 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 stock was 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 stock was sold at an average price of $65.28, for a total value of $195,840.00.

Shares of Maximus, Inc. (MMS) opened at $68.77 on Tuesday. Maximus, Inc. has a twelve month low of $51.74 and a twelve month high of $70.43. The company has a market capitalization of $4,506.15, a P/E ratio of 22.24, a P/E/G ratio of 2.60 and a beta of 1.35.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th were issued a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date was Tuesday, November 14th. Maximus’s payout ratio is 5.66%.

MMS has been the subject of a number of research reports. Zacks Investment Research raised Maximus from a “hold” rating to a “buy” rating and set a $73.00 price target for the company in a research note on Wednesday, October 4th. Canaccord Genuity lowered their target price on Maximus from $62.00 to $61.00 and set a “hold” rating for the company in a research note on Friday, November 10th. Finally, Robert W. Baird reissued a “hold” rating and set a $64.00 target price on shares of Maximus in a research note on Friday, September 1st. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $64.33.

Large investors have recently modified their holdings of the company. Janus Henderson Group PLC grew its stake in Maximus by 718.8% in the 2nd quarter. Janus Henderson Group PLC now owns 2,211,638 shares of the health services provider’s stock valued at $138,515,000 after purchasing an additional 1,941,521 shares during the period. Koch Industries Inc. bought a new position in Maximus in the 2nd quarter valued at $629,000. FMR LLC grew its stake in Maximus by 10.4% in the 2nd quarter. FMR LLC now owns 4,658,584 shares of the health services provider’s stock valued at $291,767,000 after purchasing an additional 438,025 shares during the period. Victory Capital Management Inc. grew its stake in Maximus by 13.3% in the 3rd quarter. Victory Capital Management Inc. now owns 3,514,228 shares of the health services provider’s stock valued at $226,667,000 after purchasing an additional 413,325 shares during the period. Finally, Trilogy Global Advisors LP bought a new position in Maximus in the 2nd quarter valued at $17,325,000. 94.82% of the stock is currently owned by 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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