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. (NYSE: MMS) is frequently in the news as a strategic partner to government and a provider of tech-enabled government services. Company announcements focus on contracts with U.S. federal agencies, U.S. states, and selected international programs, as well as updates on financial performance, capital allocation, and technology capabilities. This news page aggregates those disclosures so readers can follow how Maximus’ government-focused business evolves over time.
News about Maximus often highlights new or renewed contracts and program awards. Recent examples include agreements to support state-based health insurance marketplaces, such as enrollment and premium billing services for the Massachusetts Health Connector, and a renewed contract with Pennsylvania’s Department of Human Services to administer the Pennsylvania Enrollment Assistance Program, including expanded support for Children’s Health Insurance Program recipients. Federal sector news has featured a Joint Cyber Command & Control Readiness contract with the U.S. Air Force, covering engineering analysis, software modification, maintenance, and enhancement of cyber command and control systems.
Investors and observers can also find earnings releases and financial updates here. Maximus regularly reports segment performance for U.S. Federal Services, U.S. Services, and Outside the U.S., along with commentary on clinical program volumes, technology initiatives, margins, and free cash flow. The company also issues announcements on dividends and stock purchase program authorizations, reflecting its capital deployment approach.
Technology and cybersecurity developments are another recurring theme. Maximus has reported achieving Cybersecurity Maturity Model Certification (CMMC) Level 2, underscoring its ability to meet U.S. Department of Defense cybersecurity standards. Other news covers digital solutions such as member portals, multichannel engagement tools, and AI-based training for contact center staff. For anyone tracking MMS news, this page offers a centralized view of contract wins, program milestones, financial results, and technology-related updates tied to the company’s role in public sector service delivery.
Maximus (NYSE: MMS) announced a quarterly cash dividend of $0.28 per share, payable on February 28, 2022. Shareholders of record by February 15, 2022 will receive this payout. The company, a leader in government services since 1975, focuses on improving the efficiency of government-sponsored programs. With over 34,000 employees globally, Maximus aims to enhance citizen engagement with government services.
Maximus (NYSE: MMS) reported a 22.9% increase in revenue for fiscal year 2021, totaling $4.25 billion, primarily driven by $1.1 billion from COVID-19 services and acquisitions contributing $322.7 million. Operating margin rose to 9.6%, with diluted EPS increasing to $4.67. The company forecasts FY2022 revenue between $4.40 billion and $4.60 billion, and diluted EPS between $4.00 and $4.30, reflecting anticipated operational momentum following the public health emergency.
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Maximus (NYSE: MMS) will release its financial results for the third quarter and fiscal year ending September 30, 2021, on November 18, 2021, at 6:30 a.m. ET. A conference call will follow at 9:00 a.m. ET, which will be open to the public via webcast and phone. The company, with a workforce of over 34,000, focuses on enhancing government services across multiple countries, including the US, Canada, Australia, and the UK. For further details, interested parties can access information through the investor relations website.
Maximus has secured a $323 million contract with the Securities and Exchange Commission (SEC), expanding its support for the EDGAR system. This 10-year contract involves enhancing IT infrastructure, digital transformation, agile software development, and cybersecurity services. As the incumbent through the acquisition of Attain, Maximus will maintain comprehensive EDGAR application operations and filer support. This contract underscores Maximus's role in helping agencies achieve critical IT modernization goals.
Maximus (NYSE:MMS) has officially received approval from the U.S. Department of Education to transfer the servicing of 5.6 million student loan accounts from Navient. The transition, set for year-end, will see these accounts moved to Maximus's servicing arm, Aidvantage. Approximately 800 former Navient employees will join Maximus to facilitate this process. The deal emphasizes Maximus's commitment to enhancing borrower experience and fulfilling Federal Student Aid's mission.
Maximus (NYSE: MMS) has announced a quarterly cash dividend of $0.28 per share, scheduled for payment on November 30, 2021. Shareholders of record by November 15, 2021 will receive this dividend. Established in 1975, Maximus provides essential government services globally, with around 34,000 employees. Their mission focuses on enhancing government engagement with citizens across various health and human services programs.
Navient (Nasdaq:NAVI) and Maximus (NYSE:MMS) have signed a definitive agreement to transfer U.S. Department of Education-owned student loan servicing from Navient to Maximus, pending approval from the Department. This transition aims to maintain service quality for borrowers. Once finalized, Navient will exit the loan servicing program as planned, with many employees transferring to Maximus to ensure continuity. The contract novation aims for completion starting October 1, 2021, enhancing Maximus's capabilities in federal student loan servicing.
Peter B. Pond has announced his retirement from the Maximus Board of Directors, where he has served since 1997 and as Chair since 2001. The Board has appointed John J. Haley as the new Chair and Anne K. Altman as Vice Chair. Pond's leadership was pivotal in Maximus's expansion into nine countries and growth to over 34,000 employees. His legacy includes a focus on diversity, equity, and governance. The current board comprises eight directors, with significant representation of women and people of color. Maximus continues to enhance government services.
Maximus (NYSE: MMS) reported record revenue of $1.24 billion for Q3 FY2021, a 38% increase year-over-year, fueled by COVID-19 response initiatives. The operating income margin improved to 11.2%, with diluted EPS at $1.51. The company raised its FY2021 revenue forecast to $4.2-$4.25 billion and EPS to $4.65-$4.75 due to strong performance. Notably, COVID-19 related services contributed approximately $460 million for Q3. A quarterly dividend of $0.28 per share was declared, payable August 31, 2021.