MAXIMUS (MMS) was Initiated by KeyBanc Capital Mkts to “Overweight” and the brokerage firm has set the Price Target at $63. KeyBanc Capital Mkts advised their investors in a research report released on Jul 11, 2016.
On the company’s financial health, MAXIMUS reported $0.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.62. The company had revenue of $606.50 million for the quarter, compared to analysts expectations of $600.99 million. The company’s revenue was up 25.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS.
MAXIMUS opened for trading at $56.81 and hit $58.025 on the upside on Friday, eventually ending the session at $57.89, with a gain of 2.90% or 1.63 points. The heightened volatility saw the trading volume jump to 4,72,289 shares. Company has a market cap of $3,757 M.
In a different news, on Jul 5, 2016, David Francis (General Counsel) sold 1,500 shares at $55.07 per share price. According to the SEC, 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.