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OFFON

MAXIMUS, INC.

(MMS)
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Maximus Announces U.S. Department of Education-Owned Student Loan Accounts from Navient to Maximus Received All Necessary Approvals from the U.S. Department of Education Office of Federal Student Aid

10/20/2021 | 04:47pm EST

Maximus announced that the contract novation to transfer the loan servicing for U.S. Department of Education-owned student loan accounts from Navient to Maximus received all necessary approvals from the U.S. Department of Education Office of Federal Student Aid (FSA). Maximus replaces Navient as the contractor for loan servicing of 5.6 million Department of Education-owned student loan accounts. The accounts will transition to Maximus?s servicing division, Aidvantage, by year end, after a series of communications to borrowers. The loans will remain on the same student loan servicing technology platform, owned by Fiserv, and approximately 800 Navient employees who previously worked on the Department of Education loan servicing team will transfer to Maximus.


ę S&P Capital IQ 2021
All news about MAXIMUS, INC.
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MT
11/18MAXIMUS : Fiscal Q4 Earnings Snapshot
AQ
11/18Earnings Flash (MMS) MAXIMUS Reports Q4 Revenue $1.1B, vs. Street Est of $1.084B
MT
11/18Earnings Flash (MMS) MAXIMUS Reports Q4 EPS $0.83
MT
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Analyst Recommendations on MAXIMUS, INC.
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Financials (USD)
Sales 2022 4 407 M - -
Net income 2022 265 M - -
Net Debt 2022 - - -
P/E ratio 2022 18,3x
Yield 2022 -
Capitalization 4 810 M 4 810 M -
Capi. / Sales 2022 1,09x
Capi. / Sales 2023 1,03x
Nbr of Employees 35 800
Free-Float 99,0%
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Technical analysis trends MAXIMUS, INC.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 4
Last Close Price 77,64 $
Average target price 103,25 $
Spread / Average Target 33,0%
EPS Revisions
Managers and Directors
Bruce L. Caswell President, Chief Executive Officer & Director
Richard J. Nadeau Chief Financial Officer & Treasurer
John J. Haley Independent Non-Executive Chairman
John W. Lambeth Chief Information Officer
Michael S. Weiner Chief Medical Officer
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