Jefferies Group Comments on Maximus, Inc.’s Q2 2017 Earnings (MMS)

Maximus, Inc. (NYSE:MMS) – Equities research analysts at Jefferies Group lifted their Q2 2017 earnings per share estimates for Maximus in a research note issued to investors on Thursday. Jefferies Group analyst D. Styblo now anticipates that the brokerage will earn $0.78 per share for the quarter, up from their prior forecast of $0.75. Jefferies Group currently has a “Buy” rating and a $65.00 target price on the stock. Jefferies Group also issued estimates for Maximus’ Q3 2017 earnings at $0.76 EPS, Q4 2017 earnings at $0.77 EPS, FY2017 earnings at $3.01 EPS and FY2018 earnings at $3.33 EPS.

Maximus (NYSE:MMS) last issued its quarterly earnings data on Thursday, February 9th. The company reported $0.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.08. Maximus had a net margin of 8.08% and a return on equity of 26.42%. The firm had revenue of $607.60 million for the quarter, compared to analysts’ expectations of $599.98 million. During the same quarter in the prior year, the business earned $0.40 EPS. The business’s quarterly revenue was up 9.1% on a year-over-year basis.

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Other equities analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Maximus from a “hold” rating to a “sell” rating in a report on Friday. Raymond James Financial, Inc. downgraded shares of Maximus from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 9th. Maxim Group downgraded shares of Maximus from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 9th. Avondale Partners reiterated a “market perform” rating and issued a $58.00 target price on shares of Maximus in a report on Tuesday, January 17th. Finally, Sidoti downgraded shares of Maximus from a “buy” rating to a “neutral” rating and set a $55.00 target price for the company. in a report on Tuesday, November 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $62.50.

Maximus (NYSE:MMS) opened at 56.22 on Monday. Maximus has a 52 week low of $43.69 and a 52 week high of $61.68. The company has a market cap of $3.64 billion, a PE ratio of 18.74 and a beta of 1.13. The stock has a 50 day moving average of $56.19 and a 200 day moving average of $56.10.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 28th. Stockholders of record on Wednesday, February 15th will be paid a dividend of $0.045 per share. The ex-dividend date of this dividend is Monday, February 13th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.32%. Maximus’s payout ratio is 5.98%.

In related news, General Counsel David Francis sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $55.00, for a total value of $110,000.00. Following the sale, the general counsel now owns 27,616 shares in the company, valued at $1,518,880. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Richard A. Montoni sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, November 25th. The shares were sold at an average price of $57.00, for a total value of $1,425,000.00. Following the completion of the sale, the chief executive officer now owns 641,114 shares in the company, valued at approximately $36,543,498. The disclosure for this sale can be found here. Insiders have sold 31,356 shares of company stock worth $1,774,261 in the last 90 days. Insiders own 3.10% of the company’s stock.

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Large investors have recently modified their holdings of the stock. Nordea Investment Management AB raised its stake in shares of Maximus by 211.2% in the second quarter. Nordea Investment Management AB now owns 10,286 shares of the company’s stock worth $570,000 after buying an additional 6,981 shares in the last quarter. Bank of Hawaii raised its stake in shares of Maximus by 9.1% in the second quarter. Bank of Hawaii now owns 18,389 shares of the company’s stock worth $1,018,000 after buying an additional 1,527 shares in the last quarter. New Amsterdam Partners LLC NY purchased a new stake in shares of Maximus during the second quarter worth approximately $4,732,000. Oak Ridge Investments LLC raised its stake in shares of Maximus by 9.4% in the second quarter. Oak Ridge Investments LLC now owns 1,716,040 shares of the company’s stock worth $95,017,000 after buying an additional 146,958 shares in the last quarter. Finally, William Blair Investment Management LLC raised its stake in shares of Maximus by 4.5% in the second quarter. William Blair Investment Management LLC now owns 3,719,114 shares of the company’s stock worth $205,927,000 after buying an additional 161,213 shares in the last quarter. Hedge funds and other institutional investors own 99.26% of the company’s stock.

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.

5 Day Chart for NYSE:MMS

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