MAXIMUS, Inc. (MMS)

In the past six months, MAXIMUS stock has experienced a 10% increase in its quarterly cash dividend, reaching new 52-week highs in early January 2026. The company reported its fourth-quarter and full-year results for fiscal year 2025, with a revenue increase of 2.4% year-over-year. MAXIMUS was upgraded from a "hold" to a "strong-buy" rating by Zacks Research, and Weiss Ratings reiterated a "buy" rating. MAXIMUS was awarded an $86 million contract to advance rapid capability development for Air Force Cyber Command and Control Systems. There was a leadership transition with John Martinez succeeding Mike Kolloway as Chief Legal Officer. For the quarter ending November 20, 2025, the company reported $1.62 EPS, slightly missing analysts' consensus estimates of $1.63.

MAXIMUS's business model provides long-term contract visibility due to its stable customer base. The company typically expects slightly negative free cash flow in the first fiscal quarter due to seasonality and the timing of certain payments. Stronger earnings are anticipated in the third and fourth quarters, driven by factors such as redeterminations in the U.S. Services segment and increased volumes in programs like the PACT Act in the Federal segment.

MAXIMUS, Inc. is an American government services company specializing in business process management, consulting, and technology solutions for health and human services programs. Founded in 1975, the company operates as a tech-enabled partner to government agencies, translating public policy into scalable programs. MAXIMUS operates within the Industrials sector, specifically in the Business Services industry. The company's core offerings are divided into three main segments: U.S. Federal Services, U.S. Services, and Outside the U.S. The U.S. Federal Services segment provides technology-enabled solutions and consulting to federal agencies. The U.S. Services segment offers business process services to U.S. state and local government programs. The Outside the U.S. segment delivers BPS solutions for international governments and commercial clients. MAXIMUS also provides customer service for Department of Education-originated loans under the brand Aidvantage and is deploying AI and machine learning across its operations.

MAXIMUS, Inc. has a global geographic footprint, with operations in countries including the United States, Canada, the United Kingdom, Saudi Arabia, and the United Arab Emirates. Its headquarters are located in Tysons, Virginia, United States.

MAXIMUS maintains a reputation as a crucial, tech-enabled partner for governments globally. The company was recognized as one of "The Best Employers for Diversity" by Forbes in 2021 and secured a spot on the Fortune America's Most Innovative Companies list in 2025. MAXIMUS's reputation can be sensitive to policy shifts and public scrutiny, and the company has faced challenges such as understaffing and disputes with labor unions.

MAXIMUS, Inc.'s ownership is heavily concentrated in the hands of institutional investors, holding approximately 94.58% to 97.21% of the company's stock. Major institutional owners include Fmr Llc, BlackRock, Inc., Vanguard Group Inc, and State Street Corp. Individual ownership accounts for approximately 1.39% to 5.42% of the company, with Jana Partners LLC owning 2.91% of the company.