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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.

News

Maximus Reports Fourth Quarter and Full Year Results for Fiscal Year 2023

Rhea-AI Summary
Maximus (NYSE: MMS) reports strong fiscal year 2023 results with 5.9% revenue increase to $4.90 billion and a record contract backlog of $20.7 billion. The company provides fiscal year 2024 guidance, expecting revenue between $5.05 billion and $5.2 billion with an adjusted operating margin of 9.8%. Maximus remains confident in its outlook despite potential U.S. federal government shut-down during fiscal 2024.
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Maximus Named a Top Veteran Employer by Two Publications

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Maximus Achieves Top Veteran Employer Recognition from U.S. Veterans Magazine and Military.com
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Building an Inclusive and Equitable Workplace With Maximus President and CEO Bruce Caswell

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Maximus reports significant progress in their diversity, equity, and inclusion (DE&I) efforts, with the expansion of Employee Resource Groups, recognition by Forbes as one of America's Best Employers for Diversity, and a commitment to ongoing improvement.
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Maximus Announces Divestiture in Outside the U.S. Segment

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Maximus (NYSE: MMS) has completed the divestiture of employment services operations in Italy, Singapore, and Canada. Angus Knight, a global provider of employment, community, and education services, has acquired the operations. Over 250 employees will join Angus Knight to ensure a seamless transition of operations for government customers. The divestiture is part of Maximus' strategy to optimize its international portfolio.
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The Doctors Are Here! Maximus Clinicians on a Mission To Help Residents in Jamaica

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Maximus employees participate in the Jamaica Medical Mission, providing medical treatment and supplies to people in need in Jamaica. The mission aims to address the lack of healthcare access and resources in the country, where approximately 80% of the population is without health insurance. The team brings medication and supplies for various conditions and travels to different parishes to provide care. Despite challenges such as limited access to water and hot climate, the team perseveres in their mission.
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Corporate IT Office in Eagan, MN Gives Back to The Open Door

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Maximus' Corporate IT office in Eagan, Minnesota, partnered with the Open Door Pantry for a charitable event. They participated in the Mobile Lunch Box program, delivering nearly 25,000 meals and 11,000 snack packs to low-income neighborhoods across 5 Dakota County School Districts. Maximus employees packed over 400 snack packs, totaling nearly 500 pounds of food.
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Tampa Bay Chamber of Commerce Recognizes Maximus Employees

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Maximus, a strategic partner to government agencies, supports the Prosperity Project to cut childhood poverty in half. They have over 4,400 employees in Florida and provide services such as contact center operations and data analytics. Maximus is ranked #13 on Forbes Best Employers for Diversity list and is involved in the Chamber's Prosperity Project.
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Employee Social Media Ambassadors Are Key to Recruitment, Retention, and Authenticity

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Maximus highlights the importance of employee engagement on social media for recruitment, retention, and authenticity. Positive employee interactions on platforms like LinkedIn and Facebook can attract job seekers and enhance the company's reputation. The employee advocacy program empowers employees to share their experiences and create a genuine portrayal of the company's culture. Employee engagement on social media fosters camaraderie, increases retention rates, and reduces turnover costs. Social media is also a tool for learning and development and maintaining employee relationships.
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Child Health Day: Giving Children the Chance To Grow Up Healthy, Happy, and With the Promise of a Bright Future

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Child Health Day emphasizes the importance of children's healthcare and advocates for access to quality healthcare and supportive educational opportunities. Maximus Foundation highlights grantee partners working to keep children healthy. Learn more at maximus.com/grant-recipients.
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Maximus Schedules Fiscal 2023 Fourth Quarter and Year End Conference Call

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Maximus to release financial results for Q3 and FY 2023 on November 15th
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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.

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MAXIMUS, Inc.

NYSE:MMS

MMS Rankings

#1315 Ranked by Market Cap
#1505 Ranked by Dividends

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
MCLEAN