Maximus, Inc. provides business process services (BPS) to government health and human services programs worldwide. It operates through three segments: U.S. Services, U.S. Federal Services, and Outside the U.S. The U.S. Services segment offers various BPS solutions, such as program administration, appeals and assessments, and related consulting works for U.S. state and local government programs, including the Affordable Care Act, Medicaid, the Children's Health Insurance Program, Temporary Assistance to Needy Families, child support programs, Preadmission Screening and Resident Reviews, and Independent Developmental Disability assessments. This segment also provides 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; person-centered independent disability, long-term sick, and other health assessments; and specialized consulting services. The U.S. Federal Services segment offers centralized citizen engagement centers and support services; document and record management; case management, citizen support, and consumer education; independent medical reviews and worker's compensation benefit appeals; Medicare and Medicaid appeals; and federal marketplace eligibility appeals. This segment also provides modernization of systems and information technology infrastructure; infrastructure operations and support services; software development, operations, and management services; and data analytics services. The Outside the U.S. segment offers BPS solutions for governments and commercial clients outside the United States, including health and disability assessments, program administration for employment services, and other job seeker-related services. The company was founded in 1975 and is headquartered in Reston, Virginia.
IPO Year: 1997
Exchange: NYSE
Website: maximus.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/3/2024 | Outperform → Mkt Perform | Raymond James | |
| 8/18/2023 | $102.00 | Buy | Stifel |
| 6/28/2021 | $110.00 → $105.00 | Strong Buy → Outperform | Raymond James |
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4 - MAXIMUS, INC. (0001032220) (Issuer)
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4 - MAXIMUS, INC. (0001032220) (Issuer)
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4/A - MAXIMUS, INC. (0001032220) (Issuer)
4 - MAXIMUS, INC. (0001032220) (Issuer)
4 - MAXIMUS, INC. (0001032220) (Issuer)
Pledger to lead the company's enterprise IT and Technology Modernization strategy Maximus (NYSE:MMS), a leading employer and provider of government services worldwide, today announced Derrick Pledger has been named Chief Digital and Information Officer (CDIO). In this new role, Pledger will lead the company's technology modernization and enterprise IT strategies to spur growth while delivering seamless customer experience (CX) and improved service delivery for government agencies. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240130228520/en/Derrick Pledger, Chief Digital and Information Officer of Maximus (Photo: Business Wi
RESTON, Va.--(BUSINESS WIRE)--Maximus (NYSE: MMS), a leading provider of government services worldwide, announced today that its Board of Directors has approved a quarterly cash dividend of $0.28 per share, payable on February 26, 2021, to shareholders of record on February 12, 2021. About Maximus Since 1975, Maximus has operated under its founding mission of Helping Government Serve the People®, enabling citizens around the globe to successfully engage with their governments at all levels and across a variety of health and human services programs. Maximus delivers innovative business process management and technology solutions that contribute to improved outcomes for citizens and
RESTON, Va.--(BUSINESS WIRE)--Maximus (NYSE: MMS), a leading provider of government services worldwide, today announced the planned retirement of Richard J. Nadeau effective November 30, 2021. Rick will remain as Chief Financial Officer through the transition, and David Mutryn, Senior Vice President of Finance, will assume the role of Chief Financial Officer effective December 1, 2021. Bruce Caswell, President and Chief Executive Officer of Maximus, noted, “It has been a privilege working alongside Rick. His valued leadership and partnership in driving the long-term strategic direction of Maximus have been critical as we continue our journey of digital transformation, clinical ev
Maximus's (NYSE:MMS) short percent of float has risen 59.86% since its last report. The company recently reported that it has 781 thousand shares sold short, which is 2.35% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.16 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is imp
Maximus (NYSE:MMS) reported quarterly earnings of $1.57 per share which beat the analyst consensus estimate of $1.02 by 53.92 percent. This is a 93.83 percent increase over earnings of $0.81 per share from the same period last year. The company reported quarterly sales of $1.348 billion which beat the analyst consensus estimate of $1.280 billion by 5.32 percent. This is a 11.70 percent increase over sales of $1.207 billion the same period last year.
Maximus, Inc. (NYSE:MMS) is expected to release earnings results for its second quarter, after the closing bell on Wednesday. Analysts expect the McLean, Virginia-based company to report quarterly earnings at $1.02 per share, up from 52 cents per share in the year-ago period. Maximus is projected to post quarterly revenue of $1.28 billion, according to data from Benzinga Pro. On April 5, Maximus announced a quarterly cash dividend of 30 cents per share, payable on May 31, 2024. With the recent buzz around Maximus, some investors may be eyeing potential gains from the company's dividends. As of now, Maximus has a dividend yield of 1.42%, which is a quarterly dividend amount of 30 cen
Maximus, a leading employer and provider of government services worldwide, today announced it has been selected by the state of South Dakota's Department of Social Services (DSS) to administer mental health assessments of individuals prior to placement in Medicaid-certified nursing facilities. The contract with Maximus marks a shift for the state, which had not previously worked with an outside vendor, to help advance the process for residents and bolster the overall program.The assessment process, known as Preadmission Screening and Resident Review (PASRR), is conducted to ensure individuals receive the recommended services for their identified areas of need. Maximus has nearly 25 years of
Maximus (NYSE:MMS) reported its Q1 earnings results on Wednesday, February 7, 2024 at 04:05 PM. Here's what investors need to know about the announcement. Earnings Maximus beat estimated earnings by 32.67%, reporting an EPS of $1.34 versus an estimate of $1.01. Revenue was up $78.00 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.26 which was followed by a 4.98% increase in the share price the next day. Here's a look at Maximus's past performance: Quarter Q4 2023 Q3 2023 Q2 2023 Q1 2023 EPS Estimate 1.03 0.63 0.68 0.76 EPS Actual 1.29 0.78 0.80 0.94 Revenue Estimate 1.27B 1.20B 1.20B 1.15B Revenue Actual 1.26B 1.19B 1.
Maximus (NYSE:MMS) reported quarterly earnings of $1.34 per share which beat the analyst consensus estimate of $1.01 by 32.67 percent. The company reported quarterly sales of $1.33 billion which beat the analyst consensus estimate of $1.29 billion by 3.06 percent. This is a 6.24 percent increase over sales of $1.25 billion the same period last year.
Raymond James downgraded MAXIMUS from Outperform to Mkt Perform
Stifel initiated coverage of MAXIMUS with a rating of Buy and set a new price target of $102.00
Raymond James downgraded Maximus from Strong Buy to Outperform and set a new price target of $105.00 from $110.00 previously
Raymond James reiterated coverage of Maximus with a rating of Strong Buy and set a new price target of $110.00 from $96.00 previously
Canaccord Genuity reiterated coverage of Maximus with a rating of Hold and set a new price target of $95.00 from $79.00 previously
Canaccord Genuity reiterated coverage of Maximus with a rating of Buy and set a new price target of $95.00 from $79.00 previously
Raymond James reiterated coverage of Maximus with a rating of Strong Buy and set a new price target of $96.00 from $90.00 previously
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8-K - MAXIMUS, INC. (0001032220) (Filer)
8-K - MAXIMUS, INC. (0001032220) (Filer)
Establishes fiscal year 2025 guidance Maximus (NYSE:MMS), a leading provider of government services worldwide, reported financial results for the three months and year ended September 30, 2024. Highlights for the fourth quarter and full fiscal year 2024 include: Full year revenue increased 8.2% to $5.31 billion, compared to $4.90 billion for the prior year. Organic growth was 8.8% and driven by higher volumes on key programs in the U.S. segments. Fourth quarter revenue grew 4.4%, or 4.7% on an organic basis. Full year diluted earnings per share were $4.99, and adjusted diluted earnings per share were $6.11. Fourth quarter diluted earnings per share were $1.19, and adjusted diluted
Lawsuit pursues fair resolution of early rebid contingent on adding unnecessary labor harmony agreement Despite baseless rebid effort, CMS exercises next contract option year recognizing Maximus for high-quality service Throughout historic hurricanes, Maximus continued to operate state and federal programs without disruption Maximus (NYSE:MMS), a leading employer and provider of government services worldwide, announced they have filed suit in the U.S. Court of Federal Claims challenging the baseless and unlawful rebid of the U.S. Department of Health and Human Services Contact Center Operations (CCO) 1-800-MEDICARE and Federal Marketplace contract. Despite providing high-quality customer
Multiple-award, five-year Blanket Purchase Agreement (BPA) will help strengthen Taxpayer Services Organization and improve the taxpayer experience Maximus (NYSE:MMS), a leading employer and provider of government services worldwide, announced today it has been awarded a spot on a Blanket Purchase Agreement (BPA) with the Internal Revenue Service (IRS) for Non-IT Consulting Services. The multiple-award BPA has a five-year period of performance and allows Maximus to compete for task orders with a combined ceiling of $300 million. The services under this BPA include Strategic Planning, Strategy Initiatives, Business Process Improvement, Regulatory Compliance, Concept of Operations (CONOPS),
Maximus (NYSE:MMS), a leading provider of government services worldwide, will issue a press release with its financial results for the three months and year ended September 30, 2024, after market close on Wednesday, November 20, and will host a conference call the following day at 9:00 a.m. ET on Thursday, November 21. Shareholders are invited to submit questions for management's consideration by emailing [email protected] up to one hour prior to the call. The call is open to the public and available by webcast or by phone at: 877.407.8289 (Domestic) / +1.201.689.8341 (International) For those unable to listen to the live call, a recording of the webcast will be available on investor.maximu
Maximus (NYSE:MMS), a leading provider of government services worldwide, announced on October 5, 2024, that its Board of Directors has approved a quarterly cash dividend of $0.30 per share, payable on November 30, 2024, to shareholders of record on November 15, 2024. About Maximus As a leading strategic partner to governments across the globe, Maximus helps improve the delivery of public services amid complex technology, health, economic, environmental, and social challenges. With a deep understanding of program service delivery, acute insights that achieve operational excellence, and an extensive awareness of the needs of the people being served, our employees advance the critical missio
Maximus expands role under second EDOS task order delivering modernized services for the IRS Enterprise Data Platform (EDP) Maximus (NYSE:MMS), a leading employer and provider of government services worldwide, today announced it has been awarded a five-year, $40 million task order by the Internal Revenue Service (IRS) to deliver end-to-end development and modernization services for the IRS Enterprise Data Platform (EDP). The IRS awarded Maximus the task order through the Blanket Purchase Agreement (BPA) for the Enterprise Development, Operations Services (EDOS) contract, which supports the agency's modernization plans for delivering world-class customer service to taxpayers. Previously, t
Streamlined application and enrollment services assist residents seeking home and community based services Maximus (NYSE:MMS), a leading employer and provider of government services worldwide, today announced it has been awarded a five-year, $263 million contract by the Pennsylvania Department of Human Services (DHS). Maximus will deliver enhanced application and enrollment services that help eligible Pennsylvania residents receive long-term services and supports in their own homes or community settings. This contract continues the independent enrollment broker services Maximus has provided to Pennsylvania residents since 2016. It builds on the Company's long-term support for other DHS pr
Maximus is Contact Center Services Provider for new program launching in November Maximus (NYSE:MMS), a leading employer and provider of government services worldwide, today announced it has been awarded a $20 million contract from the Office of Personnel Management (OPM) to serve as the Contact Center Services Provider for the agency's new Postal Service Health Benefits Program. This program will provide health insurance to eligible Postal Service employees, annuitants, and their eligible family members starting in 2025. Maximus will be leading the customer support effort to answer calls and emails for OPM's new, enhanced customer service platform dedicated to assisting eligible indivi
Favorable tailwinds persist and drive third consecutive raise to FY24 guidance Maximus (NYSE:MMS), a leading provider of government services worldwide, reported financial results for the three and nine months ending June 30, 2024. Highlights for the third quarter of fiscal year 2024 include: Revenue increased 10.6% to $1.31 billion, compared to $1.19 billion for the prior year period. All three segments contributed to organic growth of 11.2%, with the U.S. Federal Services Segment being the primary driver. Diluted earnings per share were $1.46 and adjusted diluted earnings per share were $1.74, compared to $0.50 and $0.78, respectively, for the prior year period. Guidance is
Maximus (NYSE:MMS), a leading provider of government services worldwide, announced today that its Board of Directors has approved a quarterly cash dividend of $0.30 per share, payable on August 31, 2024, to shareholders of record on August 15, 2024. About Maximus As a leading strategic partner to governments across the globe, Maximus helps improve the delivery of public services amid complex technology, health, economic, environmental, and social challenges. With a deep understanding of program service delivery, acute insights that achieve operational excellence, and an extensive awareness of the needs of the people being served, our employees advance the critical missions of our partners
Establishes fiscal year 2025 guidance Maximus (NYSE:MMS), a leading provider of government services worldwide, reported financial results for the three months and year ended September 30, 2024. Highlights for the fourth quarter and full fiscal year 2024 include: Full year revenue increased 8.2% to $5.31 billion, compared to $4.90 billion for the prior year. Organic growth was 8.8% and driven by higher volumes on key programs in the U.S. segments. Fourth quarter revenue grew 4.4%, or 4.7% on an organic basis. Full year diluted earnings per share were $4.99, and adjusted diluted earnings per share were $6.11. Fourth quarter diluted earnings per share were $1.19, and adjusted diluted
Maximus (NYSE:MMS), a leading provider of government services worldwide, will issue a press release with its financial results for the three months and year ended September 30, 2024, after market close on Wednesday, November 20, and will host a conference call the following day at 9:00 a.m. ET on Thursday, November 21. Shareholders are invited to submit questions for management's consideration by emailing [email protected] up to one hour prior to the call. The call is open to the public and available by webcast or by phone at: 877.407.8289 (Domestic) / +1.201.689.8341 (International) For those unable to listen to the live call, a recording of the webcast will be available on investor.maximu
Maximus (NYSE:MMS), a leading provider of government services worldwide, announced on October 5, 2024, that its Board of Directors has approved a quarterly cash dividend of $0.30 per share, payable on November 30, 2024, to shareholders of record on November 15, 2024. About Maximus As a leading strategic partner to governments across the globe, Maximus helps improve the delivery of public services amid complex technology, health, economic, environmental, and social challenges. With a deep understanding of program service delivery, acute insights that achieve operational excellence, and an extensive awareness of the needs of the people being served, our employees advance the critical missio
Favorable tailwinds persist and drive third consecutive raise to FY24 guidance Maximus (NYSE:MMS), a leading provider of government services worldwide, reported financial results for the three and nine months ending June 30, 2024. Highlights for the third quarter of fiscal year 2024 include: Revenue increased 10.6% to $1.31 billion, compared to $1.19 billion for the prior year period. All three segments contributed to organic growth of 11.2%, with the U.S. Federal Services Segment being the primary driver. Diluted earnings per share were $1.46 and adjusted diluted earnings per share were $1.74, compared to $0.50 and $0.78, respectively, for the prior year period. Guidance is
Maximus (NYSE:MMS), a leading provider of government services worldwide, announced today that its Board of Directors has approved a quarterly cash dividend of $0.30 per share, payable on August 31, 2024, to shareholders of record on August 15, 2024. About Maximus As a leading strategic partner to governments across the globe, Maximus helps improve the delivery of public services amid complex technology, health, economic, environmental, and social challenges. With a deep understanding of program service delivery, acute insights that achieve operational excellence, and an extensive awareness of the needs of the people being served, our employees advance the critical missions of our partners
Maximus (NYSE:MMS), a leading provider of government services worldwide, will issue a press release with its financial results for the three and nine months ended June 30, 2024, after market close on Wednesday, August 7, and will host a conference call the following day at 9:00 a.m. ET on Thursday, August 8. Shareholders are invited to submit questions for management's consideration by emailing [email protected] up to one hour prior to the call. The call is open to the public and available by webcast or by phone at: 877.407.8289 (Domestic) / +1.201.689.8341 (International) For those unable to listen to the live call, a recording of the webcast will be available on investor.maximus.com.
Strong demand drives highest post-pandemic margins and further raise to FY24 guidance Maximus (NYSE:MMS), a leading provider of government services worldwide, reported financial results for the three and six months ended March 31, 2024. Highlights for the second quarter of fiscal year 2024 include: Revenue increased 11.7% to $1.35 billion, compared to $1.21 billion for the prior year period. Organic growth was 12.6% and driven by expanded programs in the domestic segments and resumed Medicaid-related activities. Diluted earnings per share were $1.31, and adjusted diluted earnings per share were $1.57, compared to $0.52 and $0.81, respectively, for the prior year period. The com
Maximus (NYSE:MMS), a leading provider of government services worldwide, will issue a press release with its financial results for the three and six months ended March 31, 2024, after market close on Wednesday, May 8, and will host a conference call the following day at 9:00 a.m. ET on Thursday, May 9. Shareholders are invited to submit questions for management's consideration by emailing [email protected] up to one hour prior to the call. The call is open to the public and available by webcast or by phone at: 877.407.8289 (Domestic) / +1.201.689.8341 (International) For those unable to listen to the live call, a recording of the webcast will be available on investor.maximus.com. About
Maximus (NYSE:MMS), a leading provider of government services worldwide, announced today that its Board of Directors has approved a quarterly cash dividend of $0.30 per share, payable on May 31, 2024, to shareholders of record on May 15, 2024. About Maximus As a leading strategic partner to governments across the globe, Maximus helps improve the delivery of public services amid complex technology, health, economic, environmental, and social challenges. With a deep understanding of program service delivery, acute insights that achieve operational excellence, and an extensive awareness of the needs of the people being served, our employees advance the critical missions of our partners. Ma
Raises FY24 Earnings & Free Cash Flow Guidance Following Improved Margin Outlook Maximus (NYSE:MMS), a leading provider of government services worldwide, reported financial results for the three months ended December 31, 2023. Highlights for the first quarter of fiscal year 2024 include: Revenue increased 6.2% to $1.33 billion, compared to $1.25 billion for the prior year period. Organic growth was 6.9% and driven by expanded programs as well as resumed programs tied to Medicaid redeterminations. Diluted earnings per share were $1.04 and adjusted diluted earnings per share were $1.34, compared to $0.65 and $0.94, respectively, for the prior year period. The company is raising e
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