MAXIMUS(NYSE:MMS) Declares Dividend of $0.0450.

MAXIMUS (NYSE:MMS) had declared a cash dividend of $0.0450 on Jul 12, 2016. The shares will quote ex-dividend on Aug 11, 2016 and the record date has been fixed for Aug 15, 2016. On Jul 12, 2016 share price, the yield comes out to be 0.3082%. The dividend payable date has been fixed on Aug 31, 2016.

In a different note, KeyBanc said it Initiates Coverage on MAXIMUS, according to a research note issued on Jun 30, 2016. The shares have been rated ‘Overweight’ by the firm. 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.

MAXIMUS (MMS) shares turned negative on Fridays trading session with the shares closing down -0.59 points or -1.00% at a volume of 3,54,010. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $59.27. The peak price level was also seen at $59.27 while the days lowest was $58.07. Finally the shares closed at $58.3. 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 $3,784 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 Jul 5, 2016, David Francis (General Counsel) sold 1,500 shares at $55.07 per share price.Also, On Jun 22, 2016, Bruce Caswell (President) sold 30,000 shares at $56.34 per share price.On Jun 7, 2016, Wellington E Webb (director) sold 560 shares at $56.95 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.

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