Maximus director Michael Warren acquires $1,225 in stock

Michael J. Warren, a director at Maximus Inc . (NYSE:MMS), has recently increased his holdings in the company. According to a recent filing, Warren acquired 18.387 shares of common stock at a price of $66.645 per share, totaling approximately $1,225. This transaction was completed on February 28, 2025, through a dividend reinvestment plan. The purchase comes as Maximus trades near its 52-week low of $63.77, with InvestingPro analysis indicating the stock is currently undervalued. The company maintains a P/E ratio of 14.47 and offers a dividend yield of 1.78%, having consistently paid dividends for 21 consecutive years.

Additionally, Warren acquired 41.517 dividend equivalent rights, which are linked to previously awarded restricted stock units. These rights are the economic equivalent of Maximus common stock and will vest in proportion with the related restricted stock units. Following these transactions, Warren’s direct ownership stands at 4,103.06 shares of common stock and 9,064.607 shares including the derivative securities. InvestingPro data reveals high shareholder yield as a key strength, with 8 additional exclusive insights available to subscribers through the comprehensive Pro Research Report.

In other recent news, MAXIMUS, Inc. has announced an increase in its stock repurchase program by $200 million, following the completion of a previous $200 million buyback authorization. As of late September, the company had utilized its remaining capacity under the previous authorization and plans to continue repurchasing shares based on market conditions. This move is part of MAXIMUS’s strategic approach to capital allocation, aiming to maximize shareholder value. In another development, Raymond (NSE:RYMD) James analyst Brian Gesuale upgraded MAXIMUS’s stock rating to Outperform, setting a price target of $90.00. Gesuale cited a compelling valuation for the upgrade and noted that the company has overcome several operational challenges. The analyst highlighted potential growth catalysts, such as projects with the Census 2030 and TSA. These recent developments indicate confidence in MAXIMUS’s future performance and its strategic direction.

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