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MMS 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 higher levels of productivity, accuracy, accountability, and efficiency of government-sponsored programs. With more than 30,000 employees worldwide, Maximus is a proud partner to government agencies in the United States, Australia, Canada, Italy, Saudi Arabia, Singapore, South Korea, Sweden, and the United Kingdom.

Company profile

Ticker
MMS
Exchange
NYSE
Website
www.maximus.com/
CEO
Bruce Caswell
Employees
Incorporated
Virginia
Location
Virginia
Fiscal year end
Sep 30
Sector
Information > Data Processing, Hosting, and Related Services
Industry (SIC)
Services - Business Services, NEC
Alibaba Group Holding • Visa • Uber • EBay • PayPal • Nielsen • Accenture • Conduent • Mastercard • MultiPlan ...
Former names
MAXIMUS INC
SEC CIK
0001032220
Corporate docs
IRS number
541000588

MMS stock data

(
)

News

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Analyzing Maximus's Ex-Dividend Date
12 May 21
On April 15, 2021, Maximus (NYSE:MMS) declared a dividend payable on May 28, 2021 to its shareholders. Maximus also announced that shareholders on the company's books on or before May 14, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date.
Raymond James Maintains Strong Buy on Maximus, Raises Price Target to $110
7 May 21
Raymond James analyst Brian Gesuale maintains Maximus (NYSE:MMS) with a Strong Buy and raises the price target from $96 to $110.
Maximus Sees FY21 Adj. EPS $4.20-$4.40 vs $3.65 Est., Sales $4.0B-$4.2B vs $3.63B Est.
6 May 21
For the second consecutive quarter, Maximus is increasing revenue, earnings, and cash flow guidance for fiscal 2021 following recent awards, scope increases, and contract extensions related to COVID-19 response
Maximus Q2 EPS $1.29 Beats $0.82 Estimate, Sales $959.28M Beat $850.65M Estimate
6 May 21
Earnings Scheduled For May 6, 2021
6 May 21

Press releases

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Maximus Completes Acquisition of Veterans Evaluation Services, Inc.
1 Jun 21
Maximus (NYSE:MMS), a leading provider of government services worldwide, announced today that it completed the acquisition of privately held Veterans Evaluation Services, Inc. (VES). The agreement was previously
Maximus Partners with CNSI to Support Medicaid Claims Processing
27 May 21
– Assisting CNSI with claims adjudication and call center support in NASPO ValuePoint™ procurement – Maximus (NYSE:MMS), a leading provider of government services worldwide, announced today an agreement to be an
Maximus CEO Furthers Company's Commitment to Diversity, Equity, and Inclusion
11 May 21
Bruce Caswell signs The Valuable 500 & CEO Action for Diversity & Inclusion Maximus (NYSE:MMS), a leading provider of government services worldwide, announced today that Bruce Caswell, President and Chief
Maximus Reports Fiscal Year 2021 Second Quarter Results
6 May 21
Maximus Schedules Fiscal 2021 Second Quarter Conference Call
28 Apr 21

Calendar

6 May 21
13 Jun 21
30 Sep 21

Financial summary

Financial statements Chart MMS financial data
Quarter (USD)
 Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
 Sep 20 Sep 19 Sep 18 Sep 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Maximus earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 119.97M 119.97M 119.97M 119.97M 119.97M 119.97M
Cash burn (monthly) 9.95M 1.56M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 24.45M 3.84M n/a n/a n/a n/a
Cash remaining 95.52M 116.12M n/a n/a n/a n/a
Runway (months of cash) 9.6 74.2 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Recent insider trades

MMS insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
2 Jun 21 Raymond B Ruddy Common Stock Sell Dispose S No No 90.8678 24,820 2.26M 103,647.59
28 May 21 Ilene R. Baylinson Dividend Equivalent Rights Common Stock Grant Aquire A No No 0 150.854 0 50,077.996
28 May 21 David Francis Dividend Equivalent Rights Common Stock Grant Aquire A No No 0 105.52 0 35,029.149
28 May 21 Raymond B Ruddy Dividend Equivalent Rights Common Stock Grant Aquire A No No 0 568.944 0 188,869.269
28 May 21 Richard A Montoni Dividend Equivalent Rights Common Stock Grant Aquire A No No 0 40.936 0 13,589.312
Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2021

MMS institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

93.5% owned by funds/institutions
13F holders
 Current Prev Q Change
Total holders 314 319 -1.6%
Opened positions 48 47 +2.1%
Closed positions 53 29 +82.8%
Increased positions 120 121 -0.8%
Reduced positions 114 121 -5.8%
13F shares
 Current Prev Q Change
Total value 5.12B 5.33B -3.8%
Total shares 57.47M 58.12M -1.1%
Total puts 0 6.4K EXIT
Total calls 74.7K 15.5K +381.9%
Total put/call ratio – 0.4 –
Largest owners
 Shares Value Change
BLK Blackrock 8.18M $728.21M +8.0%
Vanguard 6.79M $604.93M +1.9%
Victory Capital Management 3.94M $350.87M +4.3%
Alliancebernstein 2.7M $240.55M +4.6%
STT State Street 2.49M $222.03M -3.5%
MKFCF Mackenzie Financial 2.37M $211.35M -11.8%
Van Berkom & Associates 1.68M $149.17M -3.1%
Mondrian Investment Partners 1.2M $109.75M +0.6%
Geode Capital Management 1.12M $99.42M +16.7%
Pictet Asset Management 1.1M $98.37M -4.0%
Largest transactions
 Shares Bought/sold Change
William Blair Investment Management 93.38K -1.12M -92.3%
Norges Bank 0 -714.99K EXIT
BLK Blackrock 8.18M +608.3K +8.0%
Lord, Abbett & Co. 71.06K -387.21K -84.5%
MKFCF Mackenzie Financial 2.37M -317.45K -11.8%
PRU Prudential Financial 269.11K +236.38K +722.2%
MNGPF Man 47.98K -192.18K -80.0%
Brown Advisory 901.93K +174.32K +24.0%
BAC Bank Of America 974.26K +171.42K +21.4%
American Century Companies 179.14K +164.01K +1084.1%
Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

?
Competition
Leidos • Leidos • Oracle • Alj Regional • Capita • Accenture • Conduent
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Good
New words: accuracy, Additionally, addressing, advantage, AETR, agent, antitrust, approval, assigning, automation, Backstop, burdensome, buy, cease, commenced, competing, conclusion, consummate, consummated, costly, customary, deal, decide, decrease, decreased, decreasing, demonstrated, devotion, diligence, disadvantaged, diverted, encounter, entity, entry, exacerbated, expiration, expire, extended, extensive, fined, focused, forecasted, foregoing, frame, governmental, group, guarantee, harm, harmed, hierarchy, impediment, imposition, incumbent, insignificant, judgment, larger, law, loan, lose, misconduct, modernization, Moody, moving, oriented, outlook, parent, party, pension, pertain, platform, poor, preferred, preliminary, pressure, pretax, progressed, proposed, pursuant, pursuing, quality, ratio, rebid, receipt, recreate, recruiting, recruitment, Regulatory, renegotiate, renewed, Restart, restructuring, revealed, review, slightly, specialist, statutory, sufficient, timeframe, UK, unanticipated, uncover, unexpected, unsecured, VA, valuation, verify, VES, waiting, wellbeing
Removed: allocable, allocation, consisting, coupled, curtailed, disrupted, earn, idle, implemented, imposed, legislation, minimum, noncancelable, perform, physical, positive, received, reimbursed, remain, retained, sick, strong, unclear, unusual
From filing 10-Q 2021 Q2

Financial reports

View all
10-Q
2021 Q2
Quarterly report
6 May 21
10-Q
2021 Q1
Quarterly report
4 Feb 21
10-K
2020 FY
Annual report
19 Nov 20
10-Q
2020 Q3
Quarterly report
6 Aug 20
10-Q
2020 Q2
Quarterly report
7 May 20
10-Q
2020 Q1
Quarterly report
6 Feb 20
10-K
2019 FY
Annual report
26 Nov 19
10-Q
2019 Q3
Quarterly report
8 Aug 19
10-Q
2019 Q2
Quarterly report
9 May 19
10-Q
2019 Q1
Quarterly report
7 Feb 19

Current reports

View all
8-K
Entry into a Material Definitive Agreement
3 Jun 21
8-K
Maximus Reports Fiscal Year 2021 Second Quarter Results
10 May 21
8-K
Entry into a Material Definitive Agreement
26 Apr 21
8-K
Maximus Names Teresa “Terry” Weipert as New U.S. Federal General Manager
2 Apr 21
8-K
Departure of Directors or Certain Officers
19 Mar 21
8-K
Maximus Acquires Federal Division of Attain, LLC for $430 Million
4 Mar 21
8-K
Maximus Reports Fiscal Year 2021 First Quarter Results
8 Feb 21
8-K
Departure of Directors or Certain Officers
8 Jan 21
8-K
Maximus Reports Fourth Quarter and Full Year Results for Fiscal Year 2020
23 Nov 20
8-K
Maximus Reports Fiscal Year 2020 Third Quarter Results
11 Aug 20

Registration and prospectus

View all
S-8
Registration of securities for employees
6 May 21
S-8
Registration of securities for employees
3 May 17
S-8
Registration of securities for employees
7 Aug 06
S-8
Registration of securities for employees
9 Feb 05
S-8
Registration of securities for employees
9 May 02
424B3
Prospectus supplement
26 Jun 01
424B4
Prospectus supplement with pricing info
19 Jun 01
S-8
Registration of securities for employees
5 Jun 01
S-3/A
Shelf registration (amended)
3 Jun 01
S-3
Shelf registration
17 May 01

Proxies

View all
PX14A6G
Letter to shareholders
23 Feb 21
DEFA14A
Additional proxy soliciting materials
27 Jan 21
DEF 14A
Definitive proxy
27 Jan 21
PX14A6G
Letter to shareholders
3 Mar 20
DEFA14A
Additional proxy soliciting materials
28 Jan 20
DEF 14A
Definitive proxy
27 Jan 20
PRE 14A
Preliminary proxy
15 Jan 20
DEF 14A
Definitive proxy
25 Jan 19
DEF 14A
Definitive proxy
25 Jan 18
DEF 14A
Definitive proxy
26 Jan 17

Other

View all
UPLOAD
Letter from SEC
12 Mar 20
CORRESP
Correspondence with SEC
11 Mar 20
UPLOAD
Letter from SEC
2 Mar 20
UPLOAD
Letter from SEC
25 Apr 16
CORRESP
Correspondence with SEC
18 Apr 16
CORRESP
Correspondence with SEC
29 Mar 16
UPLOAD
Letter from SEC
22 Mar 16
UPLOAD
Letter from SEC
15 Sep 13
CORRESP
Correspondence with SEC
3 Sep 13
UPLOAD
Letter from SEC
20 Aug 13

Ownership

View all
4
MAXIMUS / RAYMOND B RUDDY ownership change
2 Jun 21
4
MAXIMUS / Michelle F. Link ownership change
1 Jun 21
4
MAXIMUS / Teresa Weipert ownership change
1 Jun 21
4
MAXIMUS / Michael J. Warren ownership change
1 Jun 21
4
MAXIMUS / Jan Madsen ownership change
1 Jun 21
4
MAXIMUS / JOHN J HALEY ownership change
1 Jun 21
4
MAXIMUS / GAYATHRI RAJAN ownership change
1 Jun 21
4
MAXIMUS / Anne K. Altman ownership change
1 Jun 21
4
MAXIMUS / Richard John Nadeau ownership change
1 Jun 21
4
MAXIMUS / Thomas D. Romeo ownership change
1 Jun 21

Patents

APP
Utility
Process Tracking and Defect Detection
16 Oct 19
A system monitors request processing operations and flags process defects (for example, a request that has become orphaned, stuck, or vanished from a processing queue.).

Transcripts

View all
2021 Q1
Earnings call transcript
4 Feb 21
2020 Q4
Earnings call transcript
19 Nov 20
2020 Q3
Earnings call transcript
9 Aug 20
2020 Q2
Earnings call transcript
10 May 20
2020 Q1
Earnings call transcript
7 Feb 20
2019 Q4
Earnings call transcript
19 Nov 19
2019 Q3
Earnings call transcript
11 Aug 19
2019 Q2
Earnings call transcript
9 May 19
2019 Q1
Earnings call transcript
7 Feb 19
2018 Q4
Earnings call transcript
20 Nov 18

Reddit threads

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