Maximus board expands stock buyback program to $400 million

Maximus (NYSE: MMS) announced its board of directors has authorized an expansion of the company's stock repurchase program to $400 million from its previous level. The expanded authorization includes approximately $32.7 million remaining under the existing program.

The government services provider stated it will purchase shares opportunistically at market prices through open market transactions, 10b5-1 plans, or privately negotiated deals. The timing and amount of purchases will depend on market conditions, corporate needs, and other factors.

The program does not require the company to acquire any specific amount of stock and has no expiration date. Maximus may extend, modify, suspend or discontinue the program at its discretion.

"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," said Bruce Caswell, president and chief executive officer.

Since June 30, 2025, Maximus has purchased 375,898 shares for approximately $31.6 million under its existing program.

The company provides business process management, consulting services, and technology solutions to government agencies. Information in this article is based on a company press release.

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