Breaking: What Next for MAXIMUS, Inc. Stock After Touching 1 Year Low?

Breaking: What Next for MAXIMUS, Inc. Stock After Touching 1 Year Low?

The stock of MAXIMUS, Inc. (NYSE:MMS) hit a new 52-week low and has $42.42 target or 8.00% below today’s $46.11 share price. The 5 months bearish chart indicates high risk for the $3.02B company. The 1-year low was reported on Nov, 9 by Barchart.com. If the $42.42 price target is reached, the company will be worth $241.60M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 1.51 million shares traded hands or 368.53% up from the average. MAXIMUS, Inc. (NYSE:MMS) has risen 13.78% since April 7, 2016 and is uptrending. It has outperformed by 9.00% the S&P500.

Analysts await MAXIMUS, Inc. (NYSE:MMS) to report earnings on November, 10. They expect $0.73 earnings per share, up 37.74% or $0.20 from last year’s $0.53 per share. MMS’s profit will be $47.81M for 15.79 P/E if the $0.73 EPS becomes a reality. After $0.75 actual earnings per share reported by MAXIMUS, Inc. for the previous quarter, Wall Street now forecasts -2.67% negative EPS growth.

MAXIMUS, Inc. (NYSE:MMS) Ratings Coverage

Out of 6 analysts covering MAXIMUS (NYSE:MMS), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. MAXIMUS has been the topic of 14 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock of MAXIMUS, Inc. (NYSE:MMS) earned “Buy” rating by Maxim Group on Thursday, August 6. The stock has “Neutral” rating given by Sidoti on Friday, August 7. On Wednesday, September 16 the stock rating was initiated by Canaccord Genuity with “Hold”. The firm earned “Buy” rating on Thursday, August 20 by Sidoti. The firm earned “Buy” rating on Tuesday, May 31 by Jefferies. Stifel Nicolaus initiated MAXIMUS, Inc. (NYSE:MMS) on Friday, December 4 with “Buy” rating. Maxim Group maintained the stock with “Buy” rating in Thursday, November 12 report. Canaccord Genuity upgraded it to “Buy” rating and $60 target price in Tuesday, March 8 report. The stock has “Buy” rating given by Maxim Group on Thursday, February 4. As per Wednesday, November 9, the company rating was downgraded by Raymond James.

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.”

Insitutional Activity: The institutional sentiment increased to 1 in 2016 Q2. Its up 0.05, from 0.95 in 2016Q1. The ratio improved, 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.
Advisory Services Network Lc has invested 0.01% of its portfolio in MAXIMUS, Inc. (NYSE:MMS). The California-based Neumeier Poma Inv Counsel Ltd Liability has invested 2.21% in MAXIMUS, Inc. (NYSE:MMS). Wells Fargo And Mn has 0.01% invested in the company for 541,983 shares. Ironbridge Mngmt L P has 0.4% invested in the company for 164,329 shares. Fifth Third Fincl Bank has 0% invested in the company for 4,855 shares. Northern Trust last reported 1.44 million shares in the company. Moreover, Tower Research Cap Ltd Co (Trc) has 0.03% invested in MAXIMUS, Inc. (NYSE:MMS) for 5,128 shares. The Texas-based Capstone Asset Management has invested 0.01% in MAXIMUS, Inc. (NYSE:MMS). California Employees Retirement last reported 0.01% of its portfolio in the stock. Royal State Bank Of Canada last reported 0.01% of its portfolio in the stock. Renaissance Tech Ltd Liability Corporation holds 0.01% of its portfolio in MAXIMUS, Inc. (NYSE:MMS) for 86,700 shares. The Massachusetts-based Panagora Asset Mgmt has invested 0% in MAXIMUS, Inc. (NYSE:MMS). Moreover, Washington Management Inc has 0.51% invested in MAXIMUS, Inc. (NYSE:MMS) for 6,530 shares. Ftb Advsr holds 1,139 shares or 0.01% of its portfolio. Analytic Invsts Ltd Liability Company owns 20,630 shares or 0.01% of their US portfolio.

Insider Transactions: Since May 17, 2016, the stock had 0 insider buys, and 14 insider sales for $7.75 million net activity. $1.77 million worth of MAXIMUS, Inc. (NYSE:MMS) was sold by Caswell Bruce on Tuesday, August 16. FRANCIS DAVID sold $88,365 worth of stock or 1,500 shares. LEDERER PAUL R also sold $369,762 worth of MAXIMUS, Inc. (NYSE:MMS) shares. $1.47 million worth of MAXIMUS, Inc. (NYSE:MMS) was sold by MONTONI RICHARD A on Tuesday, August 23. On Thursday, June 2 the insider BELIVEAU RUSSELL A sold $57,472. WEBB WELLINGTON E had sold 560 shares worth $31,894 on Monday, June 6. The insider RUDDY RAYMOND B sold 18,000 shares worth $1.08 million.

More notable recent MAXIMUS, Inc. (NYSE:MMS) news were published by: Nasdaq.com which released: “Ex-Dividend Reminder: Jabil Circuit, Applied Industrial Technologies and MAXIMUS” on November 08, 2016, also Democratandchronicle.com with their article: “Maximus opening Gates call center, 2000 jobs promised” published on July 06, 2016, Fool.com published: “Why Maximus Inc. Fell 22% on Thursday” on November 12, 2015. 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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