Brokerages have recently updated their recommendations and price targets for shares of Maximus (NYSE: MMS). This activity comes in the wake of the company’s latest dividend announcement and insider trading developments.
Dividend Details and Financial Overview
On December 1, 2023, Maximus declared a quarterly dividend of $0.30 per share. Shareholders recorded on November 14, 2023, received this dividend, marking an annualized total of $1.20 and a yield of 1.4%. The company has a dividend payout ratio (DPR) of 21.58%, which reflects its commitment to returning value to shareholders while maintaining a sustainable financial strategy.
Maximus operates as a provider of government services, both domestically and internationally. Its business is divided into three segments: U.S. Federal Services, U.S. Services, and operations outside the U.S. The U.S. Services segment includes various offerings such as program eligibility support, centralized customer contact centers, and independent health plan counseling.
Insider Trading Activity
In a separate development, insider Michelle F. Link sold 4,039 shares of Maximus stock on December 3, 2023, at an average price of $86.84. This transaction amounted to approximately $350,746.76. Following this sale, Link’s holdings decreased to 19,542 shares, valued at about $1,697,027.28, representing a decrease of 17.13% in her position. The details of this transaction were disclosed in a legal filing with the Securities & Exchange Commission.
Corporate insiders currently own 1.60% of the company’s stock, which reflects a moderate level of insider ownership. Such transactions are closely monitored by investors, as they can signal insiders’ confidence in the company’s performance.
Maximus continues to play a vital role in delivering essential services to government agencies, positioning itself for future growth in a sector that remains crucial for public welfare. As analysts adjust their outlooks, stakeholders will be keen to watch how these recent developments impact the company’s stock performance.
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