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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4 - MAXIMUS, INC. (0001032220) (Issuer)
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4 - MAXIMUS, INC. (0001032220) (Issuer)
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8-K - MAXIMUS, INC. (0001032220) (Filer)
8-K - MAXIMUS, INC. (0001032220) (Filer)
8-K - MAXIMUS, INC. (0001032220) (Filer)
8-K - MAXIMUS, INC. (0001032220) (Filer)
8-K - MAXIMUS, INC. (0001032220) (Filer)
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Earnings outlook raised on resilient performance and strong pipeline supports future outlook Maximus (NYSE:MMS), a leading provider of government services, reported financial results for the three months ended December 31, 2025. Highlights for the first quarter of fiscal year 2026 include: Revenue of $1.35 billion compared to $1.40 billion for the prior year period, in line with expectations entering the quarter. Diluted earnings per share were $1.70 and adjusted diluted earnings per share were $1.85, compared to $0.69 and $1.61, respectively, for the prior year period. The company is narrowing revenue guidance and raising earnings guidance for fiscal year 2026. Full-year reven
Accuracy Assistant helps states improve the accuracy of benefit issuance with a new AI-enabled tool Maximus (NYSE:MMS), a leading provider of tech-enabled government services, today announced the launch of Accuracy AssistantTM by Maximus, a suite of offerings for state government programs, tailored to the Supplemental Nutrition Assistance Program (SNAP). Using predictive analytics and intelligent automation to detect data inconsistencies and flag accuracy issues, this AI-powered solution can provide states with real-time case file analysis to address potential data inconsistencies before they become costly errors. The solution launch comes at a critical time for states as they prepare f
Maximus (NYSE:MMS), a leading provider of government services, will issue a press release with its financial results for the three months ended December 31, 2025, at 6:30 a.m. ET on Thursday, February 5, 2026, 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, and social challe
Maximus (NYSE:MMS), a leading provider of government services, announced today that its Board of Directors has approved a quarterly cash dividend $0.33 per share, a 10% increase from the prior quarterly dividend of $0.30 per share. "Our disciplined capital deployment strategy includes a quarterly dividend that we intend to increase over time as our earnings grow," said Bruce Caswell, President and Chief Executive Officer. "This dividend increase reflects our recent earnings growth, as we've successfully delivered critical government services while navigating changing government priorities." The dividend is payable on March 2, 2026, to shareholders of record on February 13, 2026. About
Delivers margin expansion, strong cash generation, and establishes fiscal year 2026 guidance Maximus (NYSE:MMS), a leading provider of government services, reported financial results for the three months and year ended September 30, 2025. Highlights for fiscal year 2025 include: Full year revenue increased 2.4% to $5.43 billion, compared to $5.31 billion for the prior year. Organic growth was 3.9% and driven by high demand for clinical services within the U.S. Federal Services Segment. Full year operating margin was 9.7% and the adjusted EBITDA margin was 12.9%, reflecting year-over-year margin expansion. Full year diluted earnings per share were $5.51, and adjusted diluted earnin
New contract deepens technology footprint in the defense sector, supporting modernization and sustainment service Maximus (NYSE:MMS), a leading provider of tech-enabled government services, today announced it has been awarded a new Joint Cyber Command & Control (JCC2) Readiness (JCC2-R) contract by the United States Air Force Life Cycle Management Center (AFLCMC/HNCJ) Cryptologic and Cyber Systems Division (CCSD) to enhance interoperability and deliver innovative solutions. Under this second award from the Air Force, with a potential value of $86 million, Maximus will lead engineering analysis, software modification, maintenance, and enhancement, and the maturation of existing architecture
Latest contract expands the Company's state health insurance exchange market offerings to include premium billing services Maximus (NYSE:MMS), a leading employer and provider of government services, today announced it has been awarded a new $31 million contract by the Massachusetts Health Connector, an independent public authority. Under the four-year base contract, Maximus will provide enrollment and premium billing services. The Company will also launch a redesigned digital member portal to enhance the customer experience of more than 370,000 marketplace members. With this new contract, Maximus will provide credit and debit services, send and reconcile enrollment data with the health
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, 2025, at 6:30 a.m. ET on Thursday, November 20, 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, econ
Maximus (NYSE:MMS), a leading provider of government services, announced on October 6, 2025, that its Board of Directors has approved a quarterly cash dividend of $0.30 per share, payable on December 1, 2025, to shareholders of record on November 14, 2025. About Maximus As a leading strategic partner to government, 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
Renewed contract includes a digitally enhanced customer experience for the Children's Health Insurance Program recipients Maximus (NYSE:MMS), a leading employer and provider of government services, today announced it was selected by Pennsylvania's Department of Human Services (DHS) to continue administering the Pennsylvania Enrollment Assistance Program under a five-year, $62 million contract. In partnership with DHS, Maximus has provided information about healthcare options, health plans, and providers to Pennsylvanians since 2009. Maximus currently assists eligible Pennsylvanians with health plan enrollments; under this latest contract award, the population will expand to include Chil
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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
Live finance-specific insights
Earnings outlook raised on resilient performance and strong pipeline supports future outlook Maximus (NYSE:MMS), a leading provider of government services, reported financial results for the three months ended December 31, 2025. Highlights for the first quarter of fiscal year 2026 include: Revenue of $1.35 billion compared to $1.40 billion for the prior year period, in line with expectations entering the quarter. Diluted earnings per share were $1.70 and adjusted diluted earnings per share were $1.85, compared to $0.69 and $1.61, respectively, for the prior year period. The company is narrowing revenue guidance and raising earnings guidance for fiscal year 2026. Full-year reven
Maximus (NYSE:MMS), a leading provider of government services, will issue a press release with its financial results for the three months ended December 31, 2025, at 6:30 a.m. ET on Thursday, February 5, 2026, 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, and social challe
Maximus (NYSE:MMS), a leading provider of government services, announced today that its Board of Directors has approved a quarterly cash dividend $0.33 per share, a 10% increase from the prior quarterly dividend of $0.30 per share. "Our disciplined capital deployment strategy includes a quarterly dividend that we intend to increase over time as our earnings grow," said Bruce Caswell, President and Chief Executive Officer. "This dividend increase reflects our recent earnings growth, as we've successfully delivered critical government services while navigating changing government priorities." The dividend is payable on March 2, 2026, to shareholders of record on February 13, 2026. About
Delivers margin expansion, strong cash generation, and establishes fiscal year 2026 guidance Maximus (NYSE:MMS), a leading provider of government services, reported financial results for the three months and year ended September 30, 2025. Highlights for fiscal year 2025 include: Full year revenue increased 2.4% to $5.43 billion, compared to $5.31 billion for the prior year. Organic growth was 3.9% and driven by high demand for clinical services within the U.S. Federal Services Segment. Full year operating margin was 9.7% and the adjusted EBITDA margin was 12.9%, reflecting year-over-year margin expansion. Full year diluted earnings per share were $5.51, and adjusted diluted earnin
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, 2025, at 6:30 a.m. ET on Thursday, November 20, 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, econ
Maximus (NYSE:MMS), a leading provider of government services, announced on October 6, 2025, that its Board of Directors has approved a quarterly cash dividend of $0.30 per share, payable on December 1, 2025, to shareholders of record on November 14, 2025. About Maximus As a leading strategic partner to government, 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
Third Consecutive Raise to FY25 Guidance Maximus (NYSE:MMS), a leading provider of government services, reported financial results for the three and nine months ending June 30, 2025. Highlights for the third quarter of fiscal year 2025 include: Revenue increased 2.5% to $1.35 billion, compared to $1.31 billion for the prior year period. Organic growth was 4.3% driven primarily by strong performance in the U.S. Federal Services Segment. Diluted earnings per share were $1.86 and adjusted diluted earnings per share were $2.16, compared to $1.46 and $1.74, respectively, for the prior year period. The company is raising revenue and earnings guidance for fiscal year 2025. Full-year r
Maximus (NYSE:MMS), a leading employer and provider of government services, will issue a press release with its financial results for the three and nine months ended June 30, 2025, at 6:30 a.m. ET on Thursday, August 7, 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,
Maximus (NYSE:MMS), a leading provider of government services, announced on July 5, 2025, that its Board of Directors has approved a quarterly cash dividend of $0.30 per share, payable on August 31, 2025, to shareholders of record on August 15, 2025. About Maximus As a leading strategic partner to government, 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 deliv
Further Raise to FY25 Revenue and Earnings Guidance Maximus (NYSE:MMS), a leading provider of government services, reported financial results for the three and six months ending March 31, 2025. Highlights for the second quarter of fiscal year 2025 include: Revenue increased 1.0% to $1.36 billion, compared to $1.35 billion for the prior year period. Organic growth was 3.0% driven primarily by strong performance in the U.S. Federal Services Segment. Diluted earnings per share were $1.69 and adjusted diluted earnings per share were $2.01, compared to $1.31 and $1.57, respectively, for the prior year period. The company is raising revenue and earnings guidance for fiscal year 2025. Fu
Live Leadership Updates
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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