Insiders Don’t Lie: An Insider Richard Montoni Unloaded 25000 shares of MAXIMUS, Inc. (NYSE:MMS)

November 25, 2016 - By Clifton Ray

Insiders Don't Lie: An Insider Richard Montoni Unloaded 25000 shares of MAXIMUS, Inc. (NYSE:MMS)

Richard Montoni Insider Sell

The Chief Executive Officer of Maximus Inc, Richard Montoni is in the stock market news today. It was exposed in a report filled by Richard Montoni and submitted to the Washington-based SEC on November 25, 2016, he sold 25,000 shares from the firm worth $1,425,054 U.S Dollars. Richard Montoni’s shares average price was $57.0. Today, Richard Montoni owns 624,114 shares which are equivalent to roughly 0.95% of the Company’s market capitalization (total value of the shares outstanding).

MAXIMUS, Inc. (NYSE:MMS) Ratings Coverage

Out of 6 analysts covering MAXIMUS (NYSE:MMS), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. $87 is the highest target while $59 is the lowest. The $68 average target is 18.99% above today’s ($57.15) stock price. MAXIMUS has been the topic of 15 analyst reports since August 6, 2015 according to StockzIntelligence Inc. As per Wednesday, November 9, the company rating was downgraded by Raymond James. Maxim Group maintained the stock with “Buy” rating in Thursday, February 4 report. The firm earned “Buy” rating on Thursday, November 12 by Maxim Group. The firm earned “Buy” rating on Thursday, August 6 by Maxim Group. The firm has “Neutral” rating given on Tuesday, November 15 by Sidoti. The firm has “Buy” rating by Sidoti given on Thursday, August 20. As per Friday, December 4, the company rating was initiated by Stifel Nicolaus. Jefferies maintained the stock with “Buy” rating in Tuesday, May 31 report. On Friday, August 7 the stock rating was downgraded by Sidoti to “Neutral”. On Tuesday, March 8 the stock rating was upgraded by Canaccord Genuity to “Buy”.

Insitutional Activity: The institutional sentiment decreased to 0.87 in Q2 2016. Its down 0.13, from 1 in 2016Q1. The ratio is negative, as 25 funds sold all MAXIMUS, Inc. shares owned while 85 reduced positions. 22 funds bought stakes while 88 increased positions. They now own 61.27 million shares or 1.18% more from 60.56 million shares in 2016Q1.

First Midwest Retail Bank Division reported 19,519 shares or 0.13% of all its holdings. Strs Ohio accumulated 91,700 shares or 0.02% of the stock. Bank Of New York Mellon reported 820,569 shares or 0.01% of all its holdings. American Century Cos reported 105,881 shares or 0.01% of all its holdings. California State Teachers Retirement System holds 0.02% or 134,838 shares in its portfolio. Great West Life Assurance Can has invested 0% of its portfolio in MAXIMUS, Inc. (NYSE:MMS). Manufacturers Life The, a Ontario – Canada-based fund reported 129,092 shares. Clearbridge Investments Ltd Co holds 0.09% or 1.34M shares in its portfolio. Arrowpoint Asset Ltd Liability Co holds 0.57% of its portfolio in MAXIMUS, Inc. (NYSE:MMS) for 505,098 shares. Ngam Advsrs L P owns 73,723 shares or 0.06% of their US portfolio. Liberty Cap Mgmt Inc last reported 6,624 shares in the company. New Amsterdam Partners Ltd New York holds 1.15% or 85,462 shares in its portfolio. The Georgia-based Chatham Cap Gp Incorporated has invested 0.47% in MAXIMUS, Inc. (NYSE:MMS). Schwab Charles Inv last reported 280,425 shares in the company. Tiaa Cref Investment Mgmt Ltd Liability Corporation has 215,562 shares for 0.01% of their US portfolio.

Insider Transactions: Since May 31, 2016, the stock had 1 insider buy, and 13 insider sales for $6.09 million net activity. On Tuesday, May 31 FRANCIS DAVID sold $85,245 worth of the stock or 1,500 shares. Caswell Bruce sold $1.14 million worth of stock or 20,000 shares. Shares for $57,472 were sold by BELIVEAU RUSSELL A. MONTONI RICHARD A sold $1.47M worth of MAXIMUS, Inc. (NYSE:MMS) on Tuesday, August 23. On Friday, August 26 LEDERER PAUL R sold $29,575 worth of the stock or 500 shares. 18,000 shares with value of $1.08 million were sold by RUDDY RAYMOND B on Thursday, July 14. The insider Nadeau Richard John bought 1,000 shares worth $50,100.

About 168,392 shares traded hands. MAXIMUS, Inc. (NYSE:MMS) has risen 9.09% since April 22, 2016 and is uptrending. It has outperformed by 3.69% the S&P500.

MAXIMUS, Inc. provides business process services to Government health and human services agencies. The company has a market cap of $3.72 billion. The Firm 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 has a 21.28 P/E ratio. It provides health and human services to Governments in the United States, Australia, Canada, the United Kingdom and Saudi Arabia.

According to Zacks Investment Research, “MAXIMUS, Inc. is an extremely dynamic and complex organization that offers government and industry a range of unique services, products, and solutions. The diverse services and products that MAXIMUS offers may be categorized into three groups: Government Program Management and Operations, Consulting, and Systems. Government Program Management and Operations focuses on having a measurable impact on the lives of the citizens we help government serve. The insights of MAXIMUS Consulting, and the technological innovations advanced through Systems, help government gain program efficiencies and pursue improvements that in turn benefit citizens.”

Analysts await MAXIMUS, Inc. (NYSE:MMS) to report earnings on February, 2. They expect $0.62 earnings per share, up 55.00% or $0.22 from last year’s $0.4 per share. MMS’s profit will be $40.36 million for 23.04 P/E if the $0.62 EPS becomes a reality. After $0.77 actual earnings per share reported by MAXIMUS, Inc. for the previous quarter, Wall Street now forecasts -19.48% negative EPS growth.

More notable recent MAXIMUS, Inc. (NYSE:MMS) news were published by: Fool.com which released: “Why MAXIMUS, Inc. Stock Popped Today” on November 10, 2016, also Streetinsider.com with their article: “Form 4 MAXIMUS INC For: Nov 22 Filed by: MONTONI RICHARD A” published on November 25, 2016, Democratandchronicle.com published: “Maximus opening Gates call center, 2000 jobs promised” on July 06, 2016. More interesting news about MAXIMUS, Inc. (NYSE:MMS) were released by: Prnewswire.com and their article: “SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating MAXIMUS, Inc ..” published on October 20, 2016 as well as Bizjournals.com‘s news article titled: “Maximus could take $25 million revenue hit from Brexit” with publication date: August 05, 2016.

MMS Company Profile

MAXIMUS, Inc., incorporated on October 18, 2007, provides business process services (BPS) to Government health and human services agencies. The Firm 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. The Firm provides health and human services to Governments in the United States, Australia, Canada, the United Kingdom and Saudi Arabia. The Company’s divisions include Health Services and Human Services. The Company’s United States federal services business provides various contract vehicles.

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