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) has filed a lawsuit in the U.S. Court of Federal Claims challenging the rebid of the 1-800-MEDICARE and Federal Marketplace contract. Despite 95% customer satisfaction and exceeding performance metrics, CMS is rebidding the contract only two years into its nine-year term, requiring a labor harmony agreement. The lawsuit follows GAO's September 2024 ruling that partially sustained Maximus' pre-award protest. CMS has exercised the contract's third option year through September 2025, acknowledging Maximus' service quality. During recent hurricanes, Maximus maintained operations, handling over 190,000 calls without impacting wait times while protecting affected employees' pay.
A team of Maximus employees volunteered at the Ronald McDonald House in Richmond, Virginia, preparing meals for families with children receiving medical care at nearby hospitals. Volunteers Kristy Jones and Brandi Goode shared their experiences helping local families, including supporting a mother whose daughter needed urgent heart surgery. The initiative aligns with Maximus's role in Virginia's Cardinal Care Program, which provides healthcare coverage to over a million Virginians including children, pregnant women, adults, and people with disabilities.
Maximus (NYSE: MMS) has been awarded a spot on a $300 million Blanket Purchase Agreement (BPA) with the Internal Revenue Service (IRS) for Non-IT Consulting Services. The multiple-award BPA has a five-year period of performance and allows Maximus to compete for task orders. Services include Strategic Planning, Strategy Initiatives, Business Process Improvement, Regulatory Compliance, Concept of Operations (CONOPS), and Program Integration Support across the Taxpayer Services Organization.
The BPA focuses on developing operational plans aligned with the IRS Strategic Plan through 2031. Maximus, with its 30-year history of supporting the IRS, will assist in identifying, developing, and implementing the agency's modernization needs and improving services to taxpayers. This agreement expands Maximus' role to directly support the business organization at the IRS, driving greater business value and continuous improvement of the taxpayer experience.
Maximus has been recognized on Indeed's 2024 Work Wellbeing 100 list, which highlights top public companies with highly-rated wellness programs. The list was compiled based on a survey of approximately one million employees, conducted in partnership with the University of Oxford Wellbeing Research Centre.
Michelle Link, Chief Human Resources Officer at Maximus, emphasized the company's commitment to employee wellbeing, noting its positive impact on employee happiness, retention, and overall business success. Since 2022, Maximus has introduced several new health and wellness initiatives, including:
- Bloom digital physical therapy for women's pelvic floor health
- Building Healthy Families program with financial incentives for pregnant employees
- Wellbeing Coach Total offering personalized guidance and a digital app
- LiveHealth Online Coaching for weight management, blood pressure control, and tobacco cessation
These programs are part of Maximus' ongoing efforts to enhance employee benefits and support overall wellbeing.
Maximus (NYSE: MMS), a leading global provider of government services, has announced its schedule for the Fiscal 2024 Fourth Quarter and Year End Conference Call. The company will release its financial results for the three months and year ended September 30, 2024, after market close on Wednesday, November 20. A conference call will follow on Thursday, November 21, at 9:00 a.m. ET.
Shareholders are invited to submit questions for management by emailing IR@maximus.com up to one hour before the call. The call is open to the public and can be accessed via webcast or phone. For those unable to attend live, a recording of the webcast will be available on investor.maximus.com.
Maximus has released its 2023 Employee Engagement and Company Culture report, highlighting significant achievements in evolving and strengthening its workplace culture. Key points include:
- A 5% increase in the overall favorable engagement index from 2022 to 2023
- Implementation of the Moving Our Talent Forward initiative to support employee skill development and career mobility
- Launch of Continuous Performance Management and a tuition reimbursement program
- Adoption of generative AI tools by the Corporate Communications team
- Success of Maximus' social media advocacy program
- Introduction of the inaugural Values Icon Awards
The company remains committed to creating a positive, engaging, and inclusive work environment, focusing on values such as accountability, collaboration, compassion, customer focus, innovation, and respect.
Maximus (NYSE: MMS), a global leader in government services, has announced a quarterly cash dividend of $0.30 per share. The dividend was approved by the company's Board of Directors on October 5, 2024. Shareholders of record as of November 15, 2024, will be eligible to receive the dividend, which is scheduled for payment on November 30, 2024. This announcement demonstrates Maximus's commitment to returning value to its shareholders through regular dividend distributions.
Maximus's internal diversity, equity, and inclusion (DE&I) podcast, ERGs Unplugged, released its fifth episode featuring members of ¡MÁXIMO, the company's Hispanic/Latinx Employee Resource Group (ERG). Three members shared their experiences:
Luz Castillo, a first-generation immigrant, found the ERG vital for connecting with colleagues of similar backgrounds and navigating corporate America. Jesse Rodriguez, a member and co-chair, felt more connected during remote work, meeting new colleagues across the company. Gisella Lamkin, an 18-year Maximus employee, continues to learn and gain a sense of belonging through the ERG.
The podcast highlights the importance of ERGs in fostering inclusivity and professional growth at Maximus. For more information on Maximus's commitment to DE&I, visit Maximus.com/DEI.
Maximus has been recognized as one of TIME's World's Best Companies for 2024, reflecting the exceptional work of its employees. The ranking is based on three key dimensions: employee satisfaction, revenue growth, and sustainability (ESG). Maximus emphasizes its commitment to supporting employees, environmental sustainability, and continued growth. The company views this achievement as a testament to its strong community and dedication to its mission.
The World's Best Companies 2024 ranking involved surveys in over 50 countries, with data from approximately 170,000 participants. Companies were required to have a minimum revenue of $100 million in 2023 and show positive growth from 2021 to 2023. Maximus sees this recognition as a milestone in its journey and remains focused on employee development, diversity, inclusion, and making a positive environmental impact.
Maximus (NYSE: MMS) has been awarded a five-year, $40 million task order by the Internal Revenue Service (IRS) to deliver end-to-end development and modernization services for the IRS Enterprise Data Platform (EDP). This is the second task order for Maximus through the Enterprise Development, Operations Services (EDOS) contract, following an $87 million task order in June for modernizing the IRS Suite of Financial Systems.
Maximus will provide expertise to transform and transition current data and business intelligence processing to cloud-based Platform-as-a-Service (PaaS). The EDP platform aims to deliver secure data access across the IRS, facilitating the use of emerging technology and driving cost savings. This task order supports the IRS Data Delivery Services Domain, overseeing data quality with scalable, repeatable processes.