KeyBanc Initiates Coverage on MAXIMUS(NYSE:MMS). The shares have been rated Overweight. The rating by KeyBanc was issued on Jun 30, 2016.
In a different note, On May 31, 2016, Jefferies said it Maintains its rating on MAXIMUS. In the research note, the firm Raises the price-target to $63.00 per share. The shares have been rated ‘Buy’ by the firm. On Apr 6, 2016, Avondale Partners said it Maintains its rating on MAXIMUS. In the research note, the firm Lowers the price-target to $65.00 per share. The shares have been rated ‘Market Perform’ by the firm.
MAXIMUS (MMS) shares turned negative on Tuesdays trading session with the shares closing down -0.27 points or -0.49% at a volume of 3,44,024. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $55.24. The peak price level was also seen at $55.24 while the days lowest was $54.4. Finally the shares closed at $55.08. The 52-week high of the shares is $70 while the 52-week low is $45.15. According to the latest information available, the market cap of the company is $3,575 M.
MAXIMUS(MMS) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $606.45M. Analysts had an estimated revenue of $600.99M. Earnings per share were $0.66. Analysts had estimated an EPS of $0.62.
Several Insider Transactions has been reported to the SEC. On Jun 22, 2016, Bruce Caswell (President) sold 30,000 shares at $56.34 per share price.Also, On Jun 7, 2016, Wellington E Webb (director) sold 560 shares at $56.95 per share price.On Jun 3, 2016, Russell A Beliveau (director) sold 1,000 shares at $57.47 per share price, according to the Form-4 filing with the securities and exchange commission.
MAXIMUS Inc. provides business process services (BPS) to Government health and human services agencies. The Company is primarily focused on operating Government-sponsored programs such as Medicaid children’s health insurance program (CHIP) health insurance exchanges and other health care reform initiatives Medicare welfare-to-work child support services and other Government programs. It provides health and human services to Governments in the United States Australia Canada the United Kingdom and Saudi Arabia. The Company’s United States federal services business provides various contract vehicles. The Company’s Health Services segment provides a range of business process services as well as related consulting services for state provincial and federal Government programs. The Company’s Human Services segment provides federal national state and county human services agencies with a range of business process services as well as related consulting services.