Maximus expands stock buyback program to $400 million

TYSONS, Va. - Government services provider Maximus (NYSE:MMS), currently trading at $87.42, announced Wednesday its Board of Directors has authorized an expansion of its stock repurchase program to an aggregate of $400 million, including approximately $32.7 million remaining under the existing program. According to InvestingPro data, the company maintains strong financial health with a current ratio of 2.27, indicating robust liquidity.

The company plans to purchase shares opportunistically through open market transactions, 10b5-1 plans, or private negotiations. The expanded program has no specified expiration date and may be modified or discontinued at the company’s discretion. This move aligns with the company’s track record of shareholder returns, including maintaining dividend payments for 21 consecutive years.

Bruce Caswell, President and Chief Executive Officer of Maximus, stated the expansion "aligns with our disciplined approach to capital allocation and reinforces our focus on returning capital to shareholders while maintaining the flexibility to invest in strategic priorities intended to support sustainable growth."

Since June 30, 2025, Maximus has already purchased 375,898 shares for approximately $31.6 million under its repurchase authorization.

Maximus provides business process management, consulting services, and technology solutions to government programs. The company describes itself as a strategic partner to government agencies helping to improve public service delivery amid various challenges.

The stock repurchase announcement was made in a press release statement issued by the company.

In other recent news, Maximus Inc. reported impressive financial results for the third quarter of fiscal year 2025, exceeding analyst expectations. The company achieved an earnings per share (EPS) of $2.16, significantly higher than the projected $1.56, reflecting a 38.46% positive surprise. Additionally, Maximus Inc. recorded revenue of $1.35 billion, surpassing the anticipated $1.29 billion. These developments highlight the company’s strong performance during this period. The robust earnings and revenue figures are crucial indicators for investors evaluating Maximus Inc.’s financial health. Analyst firms had set these forecasts, and the company’s results have notably outperformed them. These recent developments underscore the company’s ability to deliver beyond market expectations.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.