Maximus Inc. (NYSE:MMS) gapped up prior to trading on Friday . The stock had previously closed at $55.93, but opened at $56.26. Maximus shares last traded at $57.72, with a volume of 160,408 shares.

Several equities research analysts recently weighed in on MMS shares. Avondale Partners cut Maximus from a “market outperform” rating to a “market perform” rating and reduced their price target for the stock from $65.00 to $58.00 in a research note on Wednesday, April 6th. Zacks Investment Research cut Maximus from a “hold” rating to a “sell” rating in a research note on Friday, April 8th. Canaccord Genuity reissued a “buy” rating on shares of Maximus in a research note on Saturday, April 9th. Stifel Nicolaus reissued a “buy” rating on shares of Maximus in a research note on Saturday, April 9th. Finally, Wells Fargo & Co. reissued a “buy” rating on shares of Maximus in a research note on Tuesday, May 24th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $65.00.

The firm has a market cap of $3.76 billion and a PE ratio of 25.31. The stock’s 50-day moving average price is $55.93 and its 200 day moving average price is $52.84.

Maximus (NYSE:MMS) last issued its quarterly earnings results on Thursday, May 5th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.12. The business had revenue of $606.50 million for the quarter, compared to the consensus estimate of $600.99 million. During the same period in the prior year, the business posted $0.60 earnings per share. Maximus’s revenue was up 25.9% on a year-over-year basis. On average, analysts predict that Maximus Inc. will post $2.61 EPS for the current year.

In other Maximus news, President Bruce Caswell sold 30,000 shares of Maximus stock in a transaction on Wednesday, June 22nd. The stock was sold at an average price of $56.34, for a total transaction of $1,690,200.00. Following the completion of the sale, the president now directly owns 39,386 shares of the company’s stock, valued at approximately $2,219,007.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Paul R. Lederer sold 6,750 shares of Maximus stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $54.78, for a total value of $369,765.00. Following the sale, the director now directly owns 75,174 shares of the company’s stock, valued at $4,118,031.72. The disclosure for this sale can be found here.

A number of large investors have recently modified their holdings of MMS. Advisors Asset Management Inc. raised its stake in shares of Maximus by 8.5% in the fourth quarter. Advisors Asset Management Inc. now owns 22,739 shares of the company’s stock worth $1,279,000 after buying an additional 1,779 shares during the period. Great West Life Assurance Co. Can raised its stake in shares of Maximus by 1.7% in the fourth quarter. Great West Life Assurance Co. Can now owns 24,496 shares of the company’s stock worth $1,381,000 after buying an additional 400 shares during the period. Marshall Wace LLP purchased a new stake in shares of Maximus during the fourth quarter worth $1,451,000. Morgan Stanley raised its stake in shares of Maximus by 6.3% in the fourth quarter. Morgan Stanley now owns 39,362 shares of the company’s stock worth $2,215,000 after buying an additional 2,324 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in shares of Maximus by 24.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 45,013 shares of the company’s stock worth $2,531,000 after buying an additional 8,765 shares during the period.

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.

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