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 |
|---|---|---|---|
| 1/2/2025 | $90.00 | Mkt Perform → Outperform | Raymond James |
| 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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Raises FY25 Earnings Guidance While Securing Favorable Outcomes on Key Rebids Maximus (NYSE:MMS), a leading provider of government services worldwide, reported financial results for the three months ending December 31, 2024. Highlights for the first quarter of fiscal year 2025 include: Revenue increased 5.7% to $1.40 billion, compared to $1.33 billion for the prior year period. Organic growth of 6.3% was due primarily to the U.S. Federal Services Segment with added contributions from the Outside the U.S. Segment. Diluted earnings per share were $0.69 and adjusted diluted earnings per share were $1.61, compared to $1.04 and $1.34, respectively, for the prior year period. The three
Maximus (NYSE:MMS), a leading employer and provider of government services, will issue a press release with its financial results for the three months ended December 31, 2024, at 6:30 a.m. ET on Thursday, February 6, 2025, and will host a conference call the same day at 9:00 a.m. ET. 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 As a leading strategic partner to government, Maximus helps improve the delivery of public services amid complex technology, health, economic, en
Maximus (NYSE:MMS), a leading provider of government services worldwide, announced on January 5, 2025, that its Board of Directors has approved a quarterly cash dividend of $0.30 per share, payable on February 28, 2025, to shareholders of record on February 15, 2025. 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 miss
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
Raises FY25 Earnings Guidance While Securing Favorable Outcomes on Key Rebids Maximus (NYSE:MMS), a leading provider of government services worldwide, reported financial results for the three months ending December 31, 2024. Highlights for the first quarter of fiscal year 2025 include: Revenue increased 5.7% to $1.40 billion, compared to $1.33 billion for the prior year period. Organic growth of 6.3% was due primarily to the U.S. Federal Services Segment with added contributions from the Outside the U.S. Segment. Diluted earnings per share were $0.69 and adjusted diluted earnings per share were $1.61, compared to $1.04 and $1.34, respectively, for the prior year period. The three
Maximus (NYSE:MMS), a leading employer and provider of government services, will issue a press release with its financial results for the three months ended December 31, 2024, at 6:30 a.m. ET on Thursday, February 6, 2025, and will host a conference call the same day at 9:00 a.m. ET. 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 As a leading strategic partner to government, Maximus helps improve the delivery of public services amid complex technology, health, economic, en
Veterans Benefit Administration (VBA) awards new contracts through 2026 to Veterans Evaluation Services (VES), a Maximus Company Maximus (NYSE:MMS), a leading employer and provider of government services, today announced that VES, a Maximus Company, was re-awarded contracts for domestic Regions 1 through 4, collectively spanning the continental U.S., to continue providing Medical Disability Exam (MDE) services on behalf of the VBA. The cumulative value of the award to VES more than accommodates current and anticipated production volumes over the contract term and each of the four regional contracts include a one-year base with a single option year. VES has been a leading provider in Reg
Maximus (NYSE:MMS), a leading provider of government services worldwide, announced on January 5, 2025, that its Board of Directors has approved a quarterly cash dividend of $0.30 per share, payable on February 28, 2025, to shareholders of record on February 15, 2025. 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 miss
Previous $200 million authorization has been completed Maximus (NYSE:MMS), a leading employer and provider of government services, announced today that its Board of Directors has authorized a $200 million increase to the purchase program for Maximus common stock, enabling ongoing, opportunistic purchase activity. The previous $200 million authorization announced in June 2024 had $171.4 million available capacity at September 30, 2024. Recent share purchase activity in the current quarter consumed the remaining capacity. The Company intends to purchase shares opportunistically at prevailing market prices in the open market, via 10b5-1 plans, or in privately negotiated transactions, wit
Maximus (NYSE:MMS), a leading provider of government services, announced today it completed the divestiture of all operations in Australia and South Korea, which were reported under the Outside the U.S. segment. The purchaser, Angus Knight, is a global provider of employment, education and training, health and wellbeing, and community services with operations in seven countries. Primarily based around employment services, Maximus has operated in Australia since 2002 and in South Korea since 2020. With the transaction, over 1,200 employees are joining Angus Knight to enable a seamless transition of operations for the respective government customers. This sale follows prior divestitures of
Process Ends for Early Re-Procurement Maximus (NYSE:MMS) is pleased to announce that the U.S. Department of Health and Human Services, Centers for Medicare & Medicaid Services (CMS) has withdrawn their early re-procurement of the Contact Center Operations (CCO) 1-800-MEDICARE and Federal Marketplace contract. The early re-procurement of the contract would have otherwise caused Maximus to recompete for the same scope of work it currently performs under its contract today. The current contract retains its available option periods until 2031. "We are pleased with this outcome and appreciate the opportunity to continue supporting HHS and CMS in their vital missions and look forward to deliv
Maximus (NYSE:MMS), a leading employer and provider of government services worldwide, announced the U.S. Department of Health and Human Services, Centers for Medicare and Medicaid Services (CMS) notified Maximus they have cancelled the Contact Center Operations (CCO) 1-800-MEDICARE and Federal Marketplace solicitation which covered the same scope of work Maximus currently performs under contract today through option periods available until 2031. "Maximus employees have consistently demonstrated their ability to successfully manage this critical program providing essential support to more than 75 million eligible Americans who rely on Medicare and the Federal Marketplace. We appreciate the
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
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Raymond James upgraded MAXIMUS from Mkt Perform to Outperform and set a new price target of $90.00
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
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
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