Short Interest in MAXIMUS, Inc. (NYSE:MMS) Decreases By 9.6%

0
2

Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:

MAXIMUS, Inc. (NYSE:MMS) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totalling 1,230,000 shares, a decrease of 9.6% from the August 31st total of 1,360,000 shares. Based on an average daily volume of 327,200 shares, the short-interest ratio is presently 3.8 days. Currently, 2.0% of the shares of the stock are sold short.

In other news, General Counsel David Francis sold 6,246 shares of the company’s stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $68.41, for a total value of $427,288.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Bruce Caswell sold 23,303 shares of the company’s stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $68.41, for a total value of $1,594,158.23. The disclosure for this sale can be found here. Over the last quarter, insiders sold 70,445 shares of company stock worth $4,927,372. Corporate insiders own 2.00% of the company’s stock.

Large investors have recently bought and sold shares of the business. Signaturefd LLC lifted its holdings in MAXIMUS by 237.0% during the 2nd quarter. Signaturefd LLC now owns 1,112 shares of the health services provider’s stock worth $78,000 after buying an additional 782 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of MAXIMUS during the 2nd quarter valued at $92,000. Parallel Advisors LLC raised its position in shares of MAXIMUS by 36.3% during the 2nd quarter. Parallel Advisors LLC now owns 1,508 shares of the health services provider’s stock valued at $106,000 after acquiring an additional 402 shares during the last quarter. Advisor Group Holdings Inc. bought a new stake in shares of MAXIMUS during the 1st quarter valued at $160,000. Finally, Value Holdings Management CO. LLC bought a new stake in shares of MAXIMUS during the 1st quarter valued at $174,000. 94.19% of the stock is currently owned by hedge funds and other institutional investors. (adsbygoogle = window.adsbygoogle || []).push({});

Several research analysts have recently commented on the company. TheStreet raised MAXIMUS from a « c+ » rating to a « b- » rating in a report on Tuesday, July 28th. Raymond James raised MAXIMUS from a « market perform » rating to a « strong-buy » rating and set a $90.00 target price on the stock in a report on Wednesday, July 8th. Finally, KeyCorp boosted their target price on MAXIMUS from $80.00 to $84.00 and gave the stock an « overweight » rating in a report on Friday, August 7th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of « Buy » and a consensus target price of $83.50.

NYSE:MMS opened at $67.84 on Monday. The stock’s fifty day moving average price is $73.78 and its two-hundred day moving average price is $69.09. MAXIMUS has a 52-week low of $46.42 and a 52-week high of $80.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.95 and a current ratio of 1.95. The company has a market cap of $4.22 billion, a price-to-earnings ratio of 20.50 and a beta of 0.93.

MAXIMUS (NYSE:MMS) last posted its quarterly earnings data on Thursday, August 6th. The health services provider reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.26. MAXIMUS had a return on equity of 17.29% and a net margin of 6.41%. The firm had revenue of $901.34 million for the quarter, compared to the consensus estimate of $801.31 million. During the same quarter in the prior year, the business earned $0.97 EPS. The business’s revenue for the quarter was up 23.4% compared to the same quarter last year. On average, equities analysts predict that MAXIMUS will post 3.27 EPS for the current fiscal year.

MAXIMUS, Inc provides business process services (BPS) to government health and human services programs worldwide. The company’s Health Services segment offers various BPS, appeals, and assessments for state, provincial, and national government programs, including Medicaid, Children’s Health Insurance Program, Affordable Care Act, Health Insurance British Columbia, Health Assessment Advisory Service contract, and Preadmission Screening and Resident Reviews.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

As part of our national response to the Covid-19 pandemic, many Americans considered it their patriotic, if not moral, duty to support the restaurant industry. And while many consumers were intensely focused on their small, local restaurants, the national chains were still open for business during this time.

And the reality is that the national chains are going to be the most adaptable to whatever pace of economic recovery we see. Hopes for a “V” shaped recovery have pretty much gone out the window. The new model suggests a stair-step recovery may be the best-case scenario.

The worst case scenario for the restaurant industry will be one where different regions of the country are subject to rolling lockdowns. In a business with notoriously low margins, an open/close, open/close recovery would be disastrous.

It’s one reason why I’m not sure I would be diving into restaurant stocks right now. But the same was being said of airline stocks and cruise line stocks. And sure enough, discount investors have been trying to invest in these stocks.

But as all 50 states have now re-opened in some fashion, it’s not unlikely that restaurant stocks are drawing attention from investors. We’ve put together this presentation that highlights seven restaurant stocks that you should consider looking at if you want to dive into this sector.

Complete the form below to receive the latest headlines and analysts’ recommendations for your stocks with our free daily email newsletter:

Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:

View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat’s trending stocks report.

Identify stocks that meet your criteria using seven unique stock screeners. See what’s happening in the market right now with MarketBeat’s real-time news feed. Export data to Excel for your own analysis.

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more.

© American Consumer News, LLC dba MarketBeat® 2010-2020. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | [email protected] | (844) 978-6257
MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. Learn more.
Do Not Sell My Information

© 2020 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Fundamental company data provided by Morningstar and Zacks Investment Research. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer.

Enter your email address below to receive a concise daily summary of analysts’ upgrades, downgrades and new coverage with MarketBeat.com’s FREE daily email newsletter.

Source: https://www.marketbeat.com/instant-alerts/nyse-mms-options-data-report-2020-10/

NYSE:MMS, Maximus Inc., New York Stock Exchange, Stock

Actu monde – AU – Short Interest in MAXIMUS, Inc. (NYSE:MMS) Decreases By 9.6%

Abonnez-vous à notre chaîne Youtube en cliquant ici

Vidéo du jour: De la cocaïne retrouvée dans une école maternelle de Seine Saint Denis, deux enfants hospitalisés