Maximus, Inc. to Issue Quarterly Dividend of $0.30 (NYSE:MMS)

Maximus, Inc. (NYSE:MMS) announced a quarterly dividend on Monday, January 6th,RTT News reports. Stockholders of record on Saturday, February 15th will be given 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 dividend yield of 1.56%.

Maximus has raised its dividend by an average of 2.3% per year over the last three years. Maximus has a dividend payout ratio of 19.2% indicating that 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

MMS stock opened at $77.00 on Tuesday. The stock has a market cap of $4.64 billion, a price-to-earnings ratio of 15.40 and a beta of 0.73. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.49 and a quick ratio of 1.49. The company has a 50 day simple moving average of $77.56 and a 200 day simple moving average of $85.18. Maximus has a 1 year low of $69.72 and a 1 year high of $93.97.

Wall Street Analyst Weigh In

MMS has been the subject of several research analyst reports. Raymond James upgraded shares of Maximus from a “market perform” rating to an “outperform” rating and set a $90.00 price target for the company in a report on Thursday, January 2nd. StockNews.com downgraded Maximus from a “buy” rating to a “hold” rating in a research report on Friday, December 27th.

Insider Buying and Selling at Maximus

In other Maximus news, insider Michelle F. Link sold 2,208 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $73.83, for a total transaction of $163,016.64. Following the completion of the sale, the insider now owns 6,567 shares of the company’s stock, valued at approximately $484,841.61. This represents a 25.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Raymond B. Ruddy purchased 3,490 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was purchased at an average price of $71.46 per share, for a total transaction of $249,395.40. Following the transaction, the director now directly owns 112,520 shares in the company, valued at approximately $8,040,679.20. This trade represents a 3.20 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 7,063 shares of company stock worth $502,017. 1.40% of the stock is currently owned by company insiders.

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.