Maximus, Inc. (MMS) To Go Ex-Dividend on February 14th

Maximus, Inc. (NYSE:MMS) declared a quarterly dividend on Sunday, January 5th,RTT News reports. Investors of record on Saturday, February 15th will be paid a dividend of 0.30 per share by the health services provider on Friday, February 28th. This represents a $1.20 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Friday, February 14th.

Maximus has raised its dividend by an average of 2.3% per year over the last three years. Maximus has a payout ratio of 19.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Maximus to earn $5.70 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 21.1%.

Maximus Price Performance

Shares of Maximus stock opened at $67.68 on Wednesday. The stock has a 50 day moving average of $74.51 and a 200 day moving average of $82.95. Maximus has a 12 month low of $67.20 and a 12 month high of $93.97. The firm has a market cap of $3.87 billion, a PE ratio of 14.55 and a beta of 0.72. The company has a current ratio of 1.72, a quick ratio of 1.49 and a debt-to-equity ratio of 0.82.

Maximus (NYSE:MMS) last announced its quarterly earnings results on Thursday, February 6th. The health services provider reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.22. Maximus had a return on equity of 21.95% and a net margin of 5.28%. On average, research analysts expect that Maximus will post 6.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MMS. Raymond James raised Maximus from a “market perform” rating to an “outperform” rating and set a $90.00 price objective for the company in a research note on Thursday, January 2nd. StockNews.com raised Maximus from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th.

Insider Activity

In other Maximus news, insider Michelle F. Link sold 2,208 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $73.83, for a total transaction of $163,016.64. Following the transaction, the insider now directly owns 6,567 shares in the company, valued at $484,841.61. This trade represents a 25.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Bruce Caswell acquired 3,500 shares of Maximus stock in a transaction on Tuesday, December 17th. The shares were purchased at an average price of $70.64 per share, for a total transaction of $247,240.00. Following the completion of the acquisition, the chief executive officer now directly owns 275,929 shares in the company, valued at $19,491,624.56. This trade represents a 1.28 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 7,063 shares of company stock valued at $502,017 in the last ninety days. Insiders own 1.60% of the company’s stock.

Maximus Company Profile

Maximus, Inc operates as a provider of government services in the United States and internationally. It operates through three segments: U.S. Federal Services, U.S. Services, and Outside the U.S. The U.S. Services segment offers program eligibility support and enrollment; centralized multilingual customer contact centers, multichannel, and digital self-service options for enrollment; application assistance and independent health plan choice counseling; beneficiary outreach, education, eligibility, enrollment, and redeterminations; and person-centered independent disability, long-term sick, and other health assessments.