MMS - Bull of the Day: Maximus | Benzinga
Government health and human services program operator Maximus (NYSE: MMS) made its way onto the Zacks Rank #1 (Strong Buy) list last week with its stock starting to check the boxes in terms of value, growth, and momentum.
Landing the Bull of the Day, Maximus belongs to the top-rated Zacks Government Services Industry which is currently in the upper 1 percentile of over 250 Zacks industries. Strong demand and elevated volumes in federal services programs including those tied to Medicaid redetermination have made Maximus stock very compelling with U.S. government agencies already accounting for more than 80% of the company's revenue heading into fiscal 2024.
Foreign government agencies accounted for roughly 14% of Maximus' revenue with a breadth that extends to Australia, Canada, Saudi Arabia, Singapore, and the United Kingdom.
Image Source: Zacks Investment Research
Attractive Valuation
Considering its strong business environment, Maximus' valuation ...