Maximus (MMS) Stock Forecast & Price Target

MMS price $62.38 +0.56 +0.91%

Ticker
MMS
Price
$62.38
Change
+0.56 +0.91%
Market cap ?
$3.27B
P/E ?
9.29
Forward P/E ?
7.46
Dividend yield ?
2.04%
Beta ?
0.59
Sector
Industrials
Industry
Specialty Business Services
Stocklytics score
63
Value
81
Quality
53
Growth
55

Stocklytics score rationale: value 81, quality 53, growth 55.

Financials

2016201720182019202020212022202320242025
2403360000245096100023922360002886815000346153700042544850004631018000490472800053061970005431276000

Maximus, Inc. specializes in delivering business process services (BPS) tailored for governmental health and human welfare initiatives. Its operations are structured into three main divisions: U.S. Services, U.S. Federal Services, and International Services. The U.S. Services division delivers a wide array of BPS solutions to state and local government programs across the United States. These offerings encompass…

Fair value

MMS fair value $158.47. Price $62.38. Price is 61% below fair value.

Below fair value, and cheaper than usual. A larger discount than on 88% of days in the past 5 years.

Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.

Calculated with a 10-year free-cash-flow discount. Starting free cash flow 433.23M. Growth 0.00%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 8.70% (beta 0.8). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 52.36M. Net debt 1.18B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.

Model uncertainty high for this stock

Compare MMS

Earnings

DateEPS actualEPS estimateRevenueRevenue estimate
2026-11-19—1.85—1.30B
2026-08-062.222.211.28B1.33B
2026-05-072.071.981.31B1.32B
2026-02-051.851.841.35B1.37B
2025-11-201.621.671.32B1.34B
2025-08-072.161.391.35B1.34B
2025-05-082.011.371.36B1.29B
2025-02-061.611.391.40B1.29B
2024-11-201.461.491.32B1.31B
2024-08-071.461.341.31B1.28B
2024-05-081.311.021.35B1.26B
2024-02-071.041.011.33B1.28B
2023-11-150.961.031.26B1.27B
2023-08-030.500.641.19B1.20B
2023-05-040.520.781.21B1.20B
2023-02-080.940.791.25B1.15B
2022-11-211.130.701.18B1.12B
2022-08-030.510.711.13B1.11B
2022-05-040.800.721.18B1.07B
2022-02-030.850.771.15B1.09B
2021-11-180.830.871.11B1.08B
2021-08-051.511.091.24B1.09B
2021-05-061.290.82959.28M846.71M
2021-02-041.030.90945.55M846.52M
2020-11-191.020.89923.84M788.89M
2020-08-061.040.78901.34M676.00M
2020-05-070.430.82818.13M1.56B
2020-02-060.910.91818.23M818.23M
2019-11-190.930.94754.97M763.08M
2019-08-080.970.93730.71M700.58M
2019-05-090.960.91736.52M698.16M
2019-02-070.860.80664.62M618.25M
2018-11-200.710.72558.45M566.26M
2018-08-090.910.82597.86M538.77M
2018-05-100.840.84612.79M612.80M
2018-02-080.890.74623.15M518.08M
2017-11-090.810.76620.90M582.57M
2017-08-030.800.76600.45M530.59M
2017-05-040.800.77622.05M598.67M
2017-02-090.730.63607.56M539.14M

Dividends

Yield 2.07%. Payout ratio 18.41%. Frequency Quarterly.

Safety score 100/100 · Safe. Payout ratio is 18% of earnings. Dividends use less than 40% of free cash flow. Dividends were paid in 22 separate years. Yield is 2.1%, in a range that is usually sustainable.

Ex-dateDividendRecordPaymentFrequency
2026-11-13$0.332026-11-132026-11-30Quarterly
2026-08-14$0.332026-08-142026-08-31Quarterly
2026-05-15$0.332026-05-152026-06-01Quarterly
2026-02-13$0.332026-02-132026-03-02Quarterly
2025-11-14$0.302025-11-142025-12-01Quarterly
2025-08-15$0.302025-08-152025-08-31Quarterly
2025-05-15$0.302025-05-152025-05-31Quarterly
2025-02-14$0.302025-02-152025-02-28Quarterly
2024-11-15$0.302024-11-152024-11-30Quarterly
2024-08-15$0.302024-08-152024-08-31Quarterly
2024-05-14$0.302024-05-152024-05-31Quarterly
2024-02-14$0.302024-02-152024-02-29Quarterly
2023-11-14$0.302023-11-152023-11-30Quarterly
2023-08-14$0.282023-08-152023-08-31Quarterly
2023-05-12$0.282023-05-152023-05-31Quarterly
2023-02-14$0.282023-02-152023-02-28Quarterly
2022-11-14$0.282022-11-152022-11-30Quarterly
2022-08-12$0.282022-08-152022-08-31Quarterly
2022-05-12$0.282022-05-132022-05-31Quarterly
2022-02-14$0.282022-02-152022-02-28Quarterly
2021-11-12$0.282021-11-152021-11-30Quarterly
2021-08-12$0.282021-08-132021-08-31Quarterly
2021-05-13$0.282021-05-142021-05-28Quarterly
2021-02-11$0.282021-02-122021-02-26Quarterly
2020-11-12$0.282020-11-132020-11-30Quarterly
2020-08-13$0.282020-08-142020-08-31Quarterly
2020-05-14$0.282020-05-152020-05-29Quarterly
2020-02-13$0.282020-02-142020-02-28Quarterly
2019-11-14$0.282019-11-152019-11-29Quarterly
2019-08-14$0.252019-08-152019-08-30Quarterly
2019-05-14$0.252019-05-152019-05-31Quarterly
2019-02-14$0.252019-02-152019-02-28Quarterly
2018-11-14$0.252018-11-152018-11-30Quarterly
2018-08-14$0.042018-08-152018-08-31Quarterly
2018-05-14$0.042018-05-152018-05-31Quarterly
2018-02-14$0.042018-02-152018-02-28Quarterly
2017-11-14$0.042017-11-152017-11-30Quarterly
2017-08-11$0.042017-08-152017-08-31Quarterly
2017-05-11$0.042017-05-152017-05-31Quarterly
2017-02-13$0.042017-02-152017-02-28Quarterly
2016-11-10$0.042016-11-152016-11-30Quarterly
2016-08-11$0.042016-08-152016-08-31Quarterly
2016-05-11$0.042016-05-132016-05-31Quarterly
2016-02-11$0.042016-02-162016-02-29Quarterly
2015-11-10$0.042015-11-132015-11-30Quarterly
2015-08-12$0.042015-08-142015-08-31Quarterly
2015-05-13$0.042015-05-152015-05-29Quarterly
2015-02-11$0.042015-02-132015-02-27Quarterly
2014-11-12$0.042014-11-142014-11-28Quarterly
2014-08-13$0.042014-08-152014-08-29Quarterly
2014-05-13$0.042014-05-152014-05-30Quarterly
2014-02-12$0.042014-02-142014-02-28Quarterly
2013-11-13$0.042013-11-152013-11-29Quarterly
2013-08-13$0.042013-08-152013-08-30Quarterly
2013-05-13$0.042013-05-152013-05-31Quarterly
2013-02-13$0.042013-02-152013-02-28Quarterly
2012-11-13$0.042012-11-152012-11-30Quarterly
2012-08-13$0.042012-08-152012-08-31Quarterly
2012-05-11$0.042012-05-152012-05-31Quarterly
2012-02-13$0.042012-02-152012-02-29Quarterly
2011-11-10$0.042011-11-152011-11-30Quarterly
2011-08-11$0.042011-08-152011-08-31Quarterly
2011-05-11$0.042011-05-132011-05-31Quarterly
2011-02-11$0.042011-02-152011-02-28Quarterly
2010-11-10$0.032010-11-152010-11-30Quarterly
2010-08-12$0.032010-08-162010-08-31Quarterly
2010-05-12$0.032010-05-142010-05-28Quarterly
2010-02-10$0.032010-02-122010-02-26Quarterly
2009-11-10$0.032009-11-132009-11-30Quarterly
2009-08-12$0.032009-08-142009-08-31Quarterly
2009-05-13$0.032009-05-152009-05-29Quarterly
2009-02-11$0.032009-02-132009-02-27Quarterly
2008-11-12$0.032008-11-142008-11-28Quarterly
2008-08-13$0.032008-08-152008-08-29Quarterly
2008-05-13$0.032008-05-152008-05-30Quarterly
2008-02-13$0.032008-02-152008-02-29Quarterly
2007-11-13$0.032007-11-152007-11-30Quarterly
2007-08-13$0.032007-08-152007-08-31Quarterly
2007-05-11$0.032007-05-152007-05-31Quarterly
2007-02-13$0.032007-02-152007-02-28Quarterly

Insider trades

DateInsiderActionSharesPriceValue
2026-10-01Link Michelle F.Sell3.21K$54.23173.97K
2026-09-30Mutryn DavidSell4.75K$53.19252.62K
2026-09-30Moellering ElizabethSell713$53.1937.90K
2026-09-30GOLINVAUX THERESA DSell1.24K$53.1966.15K
2026-09-30Baylinson Ilene R.Sell3.94K$53.19209.81K
2026-09-30Link Michelle F.Sell2.64K$53.19140.26K
2026-04-20Moellering ElizabethOther0——
2026-03-17Madsen JanSell742$72.2553.61K
2026-03-10Madsen JanBuy3.21K——
2026-03-10HALEY JOHN JBuy7.01K——
2026-03-10Altman Anne K.Buy3.06K——
2026-03-10Warren Michael J.Buy2.25K——
2026-03-10RAJAN GAYATHRIBuy2.25K——
2026-02-27MONTONI RICHARD ASell7.00K——
2026-02-24MONTONI RICHARD ASell3.00K——
2026-02-18HALEY JOHN JBuy32.76K——
2026-02-18HALEY JOHN JSell32.76K——
2026-02-10Caswell BruceBuy1.69K$78.77133.20K
2026-02-10Caswell BruceBuy1.33K$78.22104.19K
2026-02-10Caswell BruceBuy152$76.9211.69K
2026-02-10HALEY JOHN JSell32.76K——
2026-02-10HALEY JOHN JBuy32.76K——
2026-02-09Mutryn DavidBuy1.00K$75.6275.62K
2025-12-03Link Michelle F.Sell4.04K$86.84350.75K
2025-12-02Caswell BruceBuy96.19K——
2025-12-02Caswell BruceSell47.28K$86.514.09M
2025-12-02Caswell BruceBuy13.39K——
2025-12-02Caswell BruceSell39.04K$86.513.38M
2025-12-02Mutryn DavidBuy13.39K——
2025-12-02Mutryn DavidSell6.04K$86.51522.48K
2025-12-02Baylinson Ilene R.Buy7.65K——
2025-12-02Baylinson Ilene R.Sell3.83K$86.51331.45K
2025-12-02GOLINVAUX THERESA DBuy1.20K——
2025-12-02GOLINVAUX THERESA DSell542$86.5146.85K
2025-12-02Link Michelle F.Buy7.36K——
2025-12-02Link Michelle F.Sell3.32K$86.51287.09K
2025-12-01MONTONI RICHARD ASell12.00K——
2025-12-01Martinez John ThomasBuy33——
2025-12-01Mutryn DavidBuy37——
2025-12-01Madsen JanBuy50——
2025-12-01RAJAN GAYATHRIBuy8——
2025-12-01Link Michelle F.Buy20——
2025-12-01HALEY JOHN JBuy104——
2025-12-01RUDDY RAYMOND BBuy694——
2025-12-01GOLINVAUX THERESA DBuy14——
2025-12-01Baylinson Ilene R.Buy28——
2025-12-01Warren Michael J.Buy39——
2025-12-01Altman Anne K.Buy11——
2025-11-28RAJAN GAYATHRIBuy42$86.113.64K
2025-11-28Warren Michael J.Buy14$86.111.24K
2025-11-24Mutryn DavidBuy10.26K——
2025-11-24Mutryn DavidSell4.00K——
2025-11-24Martinez John ThomasBuy7.41K——
2025-11-24Baylinson Ilene R.Buy7.41K——
2025-11-24Link Michelle F.Buy6.01K——
2025-11-24GOLINVAUX THERESA DBuy2.56K——
2025-10-01Link Michelle F.Sell1.61K$90.86146.28K
2025-09-30GOLINVAUX THERESA DSell1.21K$91.37110.26K
2025-09-30Link Michelle F.Sell2.26K$91.37206.10K
2025-09-30Mutryn DavidSell4.16K$91.37379.99K
2025-09-30Baylinson Ilene R.Sell3.62K$91.37331.03K
2025-09-30Martinez John ThomasSell3.02K$91.37275.67K
2025-08-31Altman Anne K.Buy10——
2025-08-31Baylinson Ilene R.Buy130——
2025-08-31Caswell BruceBuy807——
2025-08-31GOLINVAUX THERESA DBuy33——
2025-08-31Link Michelle F.Buy97——
2025-08-31Madsen JanBuy49——
2025-08-31HALEY JOHN JBuy103——
2025-08-31Martinez John ThomasBuy114——
2025-08-31Mutryn DavidBuy179——
2025-08-31RAJAN GAYATHRIBuy7——
2025-08-31RUDDY RAYMOND BBuy685——
2025-08-31Warren Michael J.Buy39——
2025-08-29RAJAN GAYATHRIBuy41$87.583.63K
2025-08-29Warren Michael J.Buy14$87.581.24K
2025-06-16RUDDY RAYMOND BBuy1.44K$69.6699.96K
2025-05-31Mutryn DavidBuy216——
2025-05-31RUDDY RAYMOND BBuy827——
2025-05-31RAJAN GAYATHRIBuy9——
2025-05-31Warren Michael J.Buy47——
2025-05-31Madsen JanBuy60——
2025-05-31Martinez John ThomasBuy138——
2025-05-31Link Michelle F.Buy117——
2025-05-31HALEY JOHN JBuy124——
2025-05-31GOLINVAUX THERESA DBuy40——
2025-05-31Caswell BruceBuy975——
2025-05-31Baylinson Ilene R.Buy157——
2025-05-31Altman Anne K.Buy13——
2025-05-30RAJAN GAYATHRIBuy83$72.295.98K
2025-05-30RAJAN GAYATHRISell7.91K$72.38572.78K
2025-05-30Warren Michael J.Buy17$72.291.23K
2025-03-18Madsen JanSell2.44K$67.71165.14K
2025-03-12HALEY JOHN JBuy71.13K——
2025-03-12HALEY JOHN JSell71.13K——
2025-03-11HALEY JOHN JBuy7.29K——
2025-03-11Madsen JanBuy3.28K——
2025-03-11RAJAN GAYATHRIBuy2.19K——
2025-03-11Warren Michael J.Buy2.19K——
2025-03-11Altman Anne K.Buy3.06K——

Institutional holders

Latest filed quarter: Q2 2026.

Institutions holding: 356, holders -22 vs prior quarter. Ownership 103.30%.

HolderSharesChangeChange %Value
BLACKROCK, INC.7.44M-75.70K-1.01%400.19M
FMR LLC5.54M-2.63M-32.21%298.07M
VANGUARD PORTFOLIO MANAGEMENT LLC3.39M-83.10K-2.39%182.17M
FULLER & THALER ASSET MANAGEMENT, INC.2.70M621.24K+29.85%145.30M
STATE STREET CORP2.57M107.14K+4.36%137.95M
VANGUARD CAPITAL MANAGEMENT LLC2.37M-71.47K-2.93%127.20M
DIMENSIONAL FUND ADVISORS LP2.35M246.84K+11.71%126.56M
REINHART PARTNERS, LLC.1.98M1.13M+131.84%106.58M
GEODE CAPITAL MANAGEMENT, LLC1.58M79.44K+5.30%84.80M
VAN BERKOM & ASSOCIATES INC.1.09M-84.14K-7.18%58.49M
BOSTON PARTNERS910.04K240.99K+36.02%49.24M
STEPHENS INVESTMENT MANAGEMENT GROUP LLC854.78K138.40K+19.32%45.95M
QUBE RESEARCH & TECHNOLOGIES LTD782.55K384.43K+96.56%42.07M
RIVER ROAD ASSET MANAGEMENT, LLC759.90K-66.33K-8.03%40.85M
SIO CAPITAL MANAGEMENT, LLC715.27K-53.56K-6.97%38.45M
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P.703.31K703.31KNew37.81M
CHARLES SCHWAB INVESTMENT MANAGEMENT INC703.31K-13.61K-1.90%37.81M
NORTHERN TRUST CORP699.69K6.66K+0.96%37.62M
NORGES BANK695.68K695.68KNew37.40M
ALLIANZ ASSET MANAGEMENT GMBH685.15K-209.78K-23.44%36.83M
PRUDENTIAL FINANCIAL INC683.91K683.91KNew36.77M
LSV ASSET MANAGEMENT657.89K373.19K+131.08%35.37M
GOLDMAN SACHS GROUP INC640.60K160.01K+33.30%34.44M
CITADEL ADVISORS LLC617.79K517.68K+517.16%33.21M
JUPITER ASSET MANAGEMENT LTD608.48K124.06K+25.61%32.71M

Forecast

Consensus Buy from 16 analysts. Average price target $110.00, +76.4% versus the current price. Low $110.00. High $110.00.

Insights · Dividends · Forecast · Financials · Learn

Stocklytics home · Screener

Analysts have an average 12-month price target of $110.00 for Maximus (MMS), 76.4% above the current price of $62.38. Of 16 analysts covering the stock, 8 rate it Buy or Strong Buy, 8 Hold, and 0 Sell or Strong Sell, giving a consensus of Buy.

Forecasts are third-party estimates and often wrong. They are not investment advice.

MMS price target

12-month price target
Low$110.00
Average$110.00
High$110.00

The average is 76.4% above the current price of $62.38.

Is Maximus a buy or sell?

Of 16 analysts, 8 rate Maximus Buy or Strong Buy, 8 Hold, and 0 Sell or Strong Sell. The consensus label is Buy. That split is not a recommendation.

Maximus earnings and revenue forecast

Analyst averages on file: 2026, EPS $8.01, revenue $5.23 billion. 2027, EPS $8.36, revenue $5.38 billion.

MMS score and fair value

The Stocklytics Score for MMS is 63 out of 100. It averages value, quality, and growth against a large-cap US universe. It is not a price target and not a buy or sell rating. Fair value is a separate estimate on the fair value tab.

MMS forecast FAQs

What is the MMS price target?

$110.00 average, with a published range of $110.00 to $110.00.

Is Maximus a buy or sell?

The consensus is Buy from 16 analysts. This is not a recommendation.

What is the Maximus stock forecast for 2026?

Analysts' average EPS estimate for 2026 on file is $8.01. The average revenue estimate is $5.23 billion.

What will MMS be worth in 2030?

No reliable forecast exists that far out.

When is Maximus's next earnings report?

The next earnings date is shown on the stock page when a future report is on the calendar. This forecast does not invent a date.

Capital is at risk. Stocklytics is operated by Stocklytics Inc., a Marshall Islands company. It is not regulated by the FCA and does not give investment advice.

Maximus (MMS) Stock Forecast & Price Target

MMS$62.38+0.56 +0.91%

$3.27B

Market Cap

9.29

P/E

7.46

Forward P/E

63

Score

Price History