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Jan Madsen, a director at Maximus, Inc. (NYSE:MMS), recently sold 2,439 shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The shares were sold at an average price of $67.71, totaling approximately $165,144. The company, which currently trades at a P/E ratio of 14.7x and offers a 1.75% dividend yield, has maintained dividend payments for 21 consecutive years. According to InvestingPro analysis, the stock appears to be trading below its Fair Value. This transaction was conducted under a 10b5-1 trading plan, which Madsen adopted on September 14, 2024. Following this sale, Madsen holds 18,097.245 shares of Maximus stock. While this insider sale occurred, InvestingPro data shows management has been actively buying back shares, demonstrating confidence in the company’s future. Get deeper insights into insider trading patterns and access comprehensive analysis with InvestingPro’s detailed research reports.
In other recent news, Maximus, Inc. reported the results of its Annual Meeting of Shareholders, where several key issues were addressed. Shareholders elected eight directors to serve one-year terms, including Anne K. Altman and Bruce L. Caswell, among others. The meeting also saw the ratification of KPMG LLP as the independent registered public accounting firm for the fiscal year 2025, along with approval of executive compensation, reflecting shareholder confidence in the company’s governance and financial oversight.
Additionally, Raymond (NSE:RYMD) James analyst Brian Gesuale upgraded Maximus’s stock rating from Market Perform to Outperform, setting a price target of $90.00. The analyst cited the company’s compelling valuation, noting that its multiple has compressed, making the stock an attractive opportunity. Gesuale highlighted that Maximus has moved past several major challenges, including the CCO contract and VA contract recompete, which positions the company for potential growth. He also identified potential growth catalysts such as the upcoming Census 2030 and TSA projects. The upgrade reflects a positive outlook for Maximus as it navigates beyond previous operational obstacles.
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