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MAXIMUS, Inc. - MMS STOCK NEWS

Welcome to our dedicated page for MAXIMUS news (Ticker: MMS), a resource for investors and traders seeking the latest updates and insights on MAXIMUS stock.

Maximus, Inc. (MMS) has been a leader in providing business process and technology solutions since 1975, with a mission of 'helping government serve the people.' Employing over 16,000 professionals, Maximus operates across North America, Australia, the United Kingdom, and Saudi Arabia, delivering high-quality services to government agencies.

The company is renowned for its expertise in managing government health and human services programs. It plays a pivotal role in enhancing the efficiency, cost-effectiveness, and quality of government-sponsored benefit programs, including Medicaid, Medicare, Health Insurance BC, and child support programs. A substantial portion of Maximus' revenue is derived from long-term contractual agreements with global governments, with the U.S. Federal Services segment being the largest contributor.

In recent achievements, Maximus has demonstrated its commitment to social responsibility through various community service projects. For instance, during GivingTuesday, Maximus employees volunteered their time and resources to support the Catherine McAuley Center, helping women and children transition from homelessness to independent living. This initiative is part of a broader effort led by the Maximus Foundation, an independent nonprofit organization established by the Maximus Board of Directors in 2000.

The Maximus Foundation focuses on grantmaking and corporate-wide humanitarian efforts, empowering employees to make a difference in their communities. Employee donors pool their charitable contributions through the Foundation, which doubles their impact via Maximus' dollar-for-dollar matching pledge. This commitment to social good is evident in the support provided to initiatives like the Atlanta Mission, which addresses homelessness by offering comprehensive services to individuals and families in need.

With a forward-looking approach, Maximus continues to innovate and expand its impact. The Foundation's 2023 Annual Report highlights a year of significant achievements and looks ahead to new grantmaking strategies for 2025, aiming for a more equitable and inclusive future. Through its dedicated efforts, Maximus not only serves government clients but also plays a crucial role in improving the overall wellbeing of communities worldwide.

Stay updated with the latest developments, projects, and news from Maximus by visiting their official website and following their social media channels.

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Maximus focuses on fostering inclusivity and diversity in the workplace through programs dedicated to recruiting individuals with disabilities and veterans. The company's efforts include enhanced disability inclusion training, partnerships with community organizations, and impactful outreach events.
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Maximus (MMS) declares a quarterly cash dividend of $0.30 per share, payable on May 31, 2024, to shareholders of record on May 15, 2024.
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ERGs Unplugged launches new podcast celebrating Women's History Month with Women's Excellence ERG members, highlighting the impact of Employee Resource Groups on gender equity and personal growth.
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Maximus collaborates with its Foundation to launch Communications for Good project, focusing on compassion and collaboration. The initiative aims to provide support beyond grants to nonprofit partners, starting with FACETS in Fairfax County, Virginia.
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Volunteer Hampton Roads, a nonprofit organization in Virginia, fosters volunteerism, community engagement, and support for local nonprofits. They connect volunteers with opportunities, support nonprofits in optimizing their programs, and organize community events like Family Volunteer Day. In 2023, they recruited over 13,000 volunteers, assisted 150 nonprofit organizations, and helped 50 companies develop community engagement plans.
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Maximus focuses on fostering a culture of continuous learning through shared learning models, talent management, training operations, and development initiatives. They emphasize performance management, succession planning, and talent development to empower employees and drive organizational growth. Maximus also invests in leadership programs, a global learning management system, and tuition reimbursement to support professional growth and adaptability.
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Maximus (MMS) reported a 6.2% increase in revenue to $1.33 billion for the first quarter of fiscal year 2024. Adjusted diluted earnings per share were $1.34, compared to $0.94 for the prior year period. The company raised earnings and free cash flow guidance for fiscal year 2024, with a quarterly cash dividend of $0.30 per share. U.S. Federal Services Segment revenue increased by 9.5% to $677.1 million, and U.S. Services Segment revenue increased by 11.5% to $489.8 million. Outside the U.S. Segment revenue decreased by 16.4% to $160.1 million. Maximus also provided balance sheet and cash flow data, including a net debt to adjusted EBITDA ratio of 2.1x. The company is raising FY24 earnings and free cash flow guidance, with revenue guidance maintained between $5.05 billion and $5.20 billion.
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Maximus Foundation Ambassador Andre Price shares his belief in the power of helping others, emphasizing the importance of passing on support to create a positive impact.
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Maximus (NYSE: MMS) has appointed Derrick Pledger as Chief Digital and Information Officer (CDIO) to lead the company’s enterprise IT and Technology Modernization strategy. Pledger will focus on driving growth, enhancing customer experience, and improving service delivery for government agencies.
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Atlanta Mission aims to address the needs of over 2,600 unhoused individuals in the Atlanta metro community by providing shelter, meals, and comprehensive support services. The organization's multifaceted approach aims to tackle the underlying causes of homelessness, including economic disparities, lack of affordable housing, and the termination of government housing subsidies. Through programs like Make Progress, Find Hope, Choose Help, and Sustain & Growth, Atlanta Mission has helped more than 1,700 people during their 2022 fiscal year, including 426 children. The organization's efforts have been supported by a grant from the Maximus Foundation, enabling them to provide essential services to hundreds of individuals and families facing homelessness.
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FAQ

What is the current stock price of MAXIMUS (MMS)?

The current stock price of MAXIMUS (MMS) is $73.09 as of November 22, 2024.

What is the market cap of MAXIMUS (MMS)?

The market cap of MAXIMUS (MMS) is approximately 5.0B.

What services does Maximus, Inc. provide?

Maximus offers business process and technology solutions, specializing in government health and human services programs, including Medicaid, Medicare, and child support.

In which countries does Maximus operate?

Maximus operates in the United States, Canada, the United Kingdom, Australia, and Saudi Arabia.

What is the mission of Maximus, Inc.?

The mission of Maximus is 'helping government serve the people' by improving the efficiency, cost-effectiveness, and quality of government-sponsored programs.

What is the Maximus Foundation?

The Maximus Foundation is an independent nonprofit organization that supports community service projects and humanitarian efforts, funded by employee donations and matching contributions from Maximus.

How does Maximus support the community?

Maximus supports the community through various initiatives, including volunteering, grantmaking, and corporate-wide humanitarian efforts, facilitated by the Maximus Foundation.

What are some recent projects by Maximus?

Recent projects include supporting the Catherine McAuley Center on GivingTuesday and partnering with the Atlanta Mission to address homelessness.

How does Maximus generate most of its revenue?

Maximus generates most of its revenue from long-term contractual agreements with governments, particularly through the U.S. Federal Services segment.

How many employees does Maximus have?

Maximus employs over 16,000 professionals globally.

What recent achievements has Maximus made?

Maximus has been active in community service, such as the EAOS team project for the Catherine McAuley Center and providing support to the Atlanta Mission.

Where can I find more information about Maximus' initiatives?

More information about Maximus' initiatives can be found on their official website and through their updates on social media channels.

MAXIMUS, Inc.

NYSE:MMS

MMS Rankings

MMS Stock Data

5.00B
59.76M
0.99%
100.1%
1.28%
Specialty Business Services
Services-business Services, Nec
Link
United States of America
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