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Maximus, Inc.
MMS Details
Maximus, Inc. (NYSE: MMS) is a business process services (BPS) company that focuses on the health and human services industries. Its business segments are 1) The US Services Segment provides a wide range of BPS to US state and local government programmes. 2) The US Government Services Segment develops and maintains BPS solutions for various US federal civilian activities, including system and software development. 3) The Outside the US Segment includes health and disability evaluations, programme management for employment support, and other job seeker-related services provided to governments and business customers.
Latest News:
Q2 FY22 Results:
(Source: Company Filings)
(Source: Company Filings)
FY 2022 Guidance:
(Source: Company Filings)
Key Risks:
Valuation Methodology: Price / Earnings Per Share-based Relative Valuation
(Source: Analysis by Kalkine Group)
Stock Recommendation:
With a 10-year profits CAGR of 16.7%, the company has maintained sustainable growth and margins and set greater financial objectives for the current year. The firm has a 90% recompete win rate and concentrates on increasing margins. It is well-positioned in the market as COVID-related delays will abate, as shown by robust bookings year-to-date.
Considering the stock's 20% drop in the last six months, organic revenue growth, contracts secured, the FY22 projection, improved margins, a solid free cash flow conversion rate, related risks, and present valuation, we recommend a "Buy" rating on the stock at the current market price of USD 63.30, as of June 08, 2022, at 09:03 AM PDT.
1 Year Technical Price Chart (as of June 08, 2022, at 09:03 AM PDT). Source: REFINITIV, Analysis by Kalkine Group
Technical Summary Analysis
Technical Indicators Defined: -
Support: A level where-in the stock prices tend to find support if they are falling, and downtrend may take a pause backed by demand or buying interest.
Resistance: A level where-in the stock prices tend to find resistance when they are rising, and uptrend may take a pause due to profit booking or selling interest.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
Note 1: The reference data in this report has been partly sourced from REFINITIV.
Note 2: Investment decision should be made depending on the investors' appetite on upside potential, risks, holding duration, and any previous holdings. Investors can consider exiting from the stock if the Target Price mentioned as per the valuation has been achieved and subject to the factors discussed above.
Note 3: The report publishing date is as per the Pacific Time Zone.