MMSNYSEServices-Business Services, NECFiscal year ends September 30
MAXIMUS, INC.
Financials through Q3 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$61.33−0.14 (-0.23%)
Close on Oct 19, 2026
- Market cap
- $3.25B
- P/E (TTM)
- 9.1
- Dividend yield
- 1.96%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
100.0%
56M of 52M shares
Institutional holders
351
55 new, 73 sold out
Net institutional buying
-1M
In Q2 2026
Insider trades, 12 months
6 buys · 2 sales
Net sold $74.76K
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 7,429,468 | 12.30% | 13G (passive) amendment | Dec 31, 2024 |
| FMR LLC | 5,544,432 | 10.60% | 13G (passive) amendment | Jun 30, 2026 |
| Vanguard Portfolio Management | 3,523,165 | 6.45% | 13G (passive) | Mar 31, 2026 |
| Vanguard Capital Management | 2,857,086 | 5.23% | 13G (passive) | Mar 31, 2026 |
| Fuller & Thaler Asset Management, Inc. | 2,702,710 | 5.14% | 13G (passive) | Jun 30, 2026 |
| Dimensional Fund Advisors LP | 2,666,222 | 5.10% | 13G (passive) | Sep 30, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of MMS | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 7,443,930 | 14.22% | $400.19M | −75,697 | 0.01% |
| FMR LLC | 5,544,432 | 10.59% | $298.07M | −2,633,941 | 0.01% |
| Vanguard Portfolio Management LLC | 3,388,533 | 6.47% | $182.17M | −83,103 | 0.01% |
| Fuller & Thaler Asset Management, Inc. | 2,702,710 | 5.16% | $145.30M | +621,244 | 0.40% |
| State Street Corp | 2,566,033 | 4.90% | $137.95M | +107,141 | 0.00% |
| Vanguard Capital Management LLC | 2,366,161 | 4.52% | $127.20M | −71,475 | 0.00% |
| Dimensional Fund Advisors LP | 2,354,118 | 4.50% | $126.56M | +246,840 | 0.02% |
| Reinhart Partners, LLC. | 1,982,415 | 3.79% | $106.58M | +1,127,346 | 2.43% |
| Geode Capital Management, LLC | 1,577,117 | 3.01% | $84.80M | +79,438 | 0.00% |
| Van Berkom & Associates Inc. | 1,088,046 | 2.08% | $58.49K | −1,256,334 | 1.88% |
| Allianz Asset Management GmbH | 951,702 | 1.82% | $55.27M | +56,773 | 0.05% |
| Boston Partners | 910,040 | 1.74% | $49.24M | +240,987 | 0.04% |
| Stephens Investment Management Group LLC | 854,785 | 1.63% | $45.95M | +138,396 | 0.49% |
| Qube Research & Technologies Ltd | 782,546 | 1.49% | $42.07M | +384,427 | 0.04% |
| River Road Asset Management, LLC | 759,899 | 1.45% | $40.85M | −66,325 | 0.45% |
| Sio Capital Management, LLC | 715,267 | 1.37% | $38.45M | −53,558 | 6.36% |
| Charles Schwab Investment Management Inc | 703,314 | 1.34% | $37.81M | −13,606 | 0.01% |
| Northern Trust Corp | 699,692 | 1.34% | $37.62M | +6,664 | 0.00% |
| Norges Bank | 695,683 | 1.33% | $37.40M | New | 0.00% |
| Prudential Financial Inc | 683,912 | 1.31% | $36.77M | +662,785 | 0.04% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 351 | 56M | 100.0% | 55 / 141 | 115 / 73 | 9M | 10M |
| Q1 2026 | 375 | 57M | 100.0% | 63 / 118 | 150 / 68 | 12M | 9M |
| Q4 2025 | 386 | 59M | 100.0% | 64 / 125 | 144 / 55 | 9M | 5M |
| Q3 2025 | 384 | 56M | 100.0% | 52 / 147 | 132 / 39 | 4M | 6M |
| Q2 2025 | 378 | 57M | 100.0% | 60 / 142 | 127 / 36 | 4M | 4M |
| Q1 2025 | 355 | 57M | 100.0% | 58 / 116 | 142 / 54 | 5M | 11M |
| Q4 2024 | 353 | 63M | 100.0% | 65 / 134 | 117 / 78 | 12M | 8M |
| Q3 2024 | 371 | 59M | 100.0% | 52 / 146 | 116 / 33 | 13M | 6M |
| Q2 2024 | 355 | 59M | 100.0% | 52 / 131 | 119 / 42 | 4M | 4M |
| Q1 2024 | 349 | 60M | 100.0% | 57 / 134 | 100 / 50 | 4M | 4M |
| Q4 2023 | 344 | 60M | 100.0% | 63 / 102 | 128 / 34 | 4M | 4M |
| Q3 2023 | 322 | 60M | 100.0% | 52 / 83 | 135 / 32 | 3M | 3M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of MMS | Value | % of fund | As of |
|---|---|---|---|---|---|
| Undiscovered Managers Behavioral Value Fund | 2,199,625 | 4.20% | $118.25M | 1.31% | Jun 30, 2026 |
| iShares Core S&P Mid-Cap ETF | 1,796,367 | 3.43% | $96.57M | 0.08% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 1,668,873 | 3.19% | $89.72M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 1,413,465 | 2.70% | $75.99M | 0.09% | Jun 30, 2026 |
| Fidelity Low-Priced Stock Fund | 1,374,019 | 2.62% | $82.78M | 0.33% | Jul 31, 2026 |
| Vanguard Small-Cap Index Fund | 1,206,393 | 2.30% | $64.86M | 0.03% | Jun 30, 2026 |
| Strategic Advisers Fidelity U.S. Total Stock Fund | 1,102,039 | 2.10% | $68.25M | 0.03% | May 31, 2026 |
| Vanguard Small-Cap Value Index Fund | 763,293 | 1.46% | $41.03M | 0.06% | Jun 30, 2026 |
| Fidelity Series Value Discovery Fund | 712,877 | 1.36% | $42.95M | 0.24% | Jul 31, 2026 |
| Fidelity Small Cap Index Fund | 602,369 | 1.15% | $36.29M | 0.11% | Jul 31, 2026 |
| Vanguard Extended Market Index Fund | 601,904 | 1.15% | $32.36M | 0.03% | Jun 30, 2026 |
| Vanguard Explorer Fund | 501,918 | 0.96% | $30.24M | 0.14% | Jul 31, 2026 |
| iShares Russell 2000 Value ETF | 451,505 | 0.86% | $24.27M | 0.17% | Jun 30, 2026 |
| U.S. Targeted Value Portfolio | 426,760 | 0.82% | $25.71M | 0.15% | Jul 31, 2026 |
| Vanguard Strategic Equity Fund | 373,527 | 0.71% | $20.08M | 0.17% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Bruce Caswell | CEO & President, Director | 328,013 | 0.63% | Feb 11, 2026 |
| Elizabeth Moellering | General Counsel and Corp. Sec. | 5,044 | 0.01% | Apr 28, 2026 |
| David Mutryn | Chief Financial Officer | 40,037 | 0.08% | Feb 9, 2026 |
| Theresa D. Golinvaux | Principal Accounting Officer | 13,488 | 0.03% | Dec 3, 2025 |
| Ilene R. Baylinson | General Mgr - Health & Human | 29,224 | 0.06% | Dec 3, 2025 |
| Michelle F. Link | Chief of Human Resources | 19,542 | 0.04% | Dec 3, 2025 |
| John Thomas Martinez | Chief Legal Officer | 22,641 | 0.04% | Dec 2, 2025 |
| Jan Madsen | Director | 20,795 | 0.04% | Mar 17, 2026 |
| Gayathri Rajan | Director | 16,705 | 0.03% | Mar 12, 2026 |
| Anne K. Altman | Director | 35,142 | 0.07% | Mar 12, 2026 |
| Michael J. Warren | Director | 17,839 | 0.03% | Mar 12, 2026 |
| John J. Haley | Director | 151,012 | 0.29% | Mar 12, 2026 |
| Richard A. Montoni | Director | 157,335 | 0.30% | Mar 2, 2026 |
| Raymond B. Ruddy | Director | 419,240 | 0.80% | Dec 2, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Jan Madsen Director | Mar 17, 2026 | Sale(10b5-1 plan) | −742 | $72.25 | $53.61K | 20,795 |
| Gayathri Rajan Director | Mar 10, 2026 | Award | +2,246 | – | – | 16,705 |
| Michael J. Warren Director | Mar 10, 2026 | Award | +2,246 | – | – | 17,839 |
| John J. Haley Director | Mar 10, 2026 | Award | +7,009 | – | – | 47,116 |
| Anne K. Altman Director | Mar 10, 2026 | Award | +3,062 | – | – | 35,142 |
| Jan Madsen Director | Mar 10, 2026 | Award | +3,215 | – | – | 21,537 |
| Richard A. Montoni Director | Feb 27, 2026 | Gift | −7,000 | – | – | 45,500 |
| Richard A. Montoni Director | Feb 24, 2026 | Gift | −3,000 | – | – | 52,500 |
| John J. Haley Director | Feb 18, 2026 | Gift | +32,764 | – | – | 32,764 |
| John J. Haley Director | Feb 18, 2026 | Gift | −32,764 | – | – | 0 |
| John J. Haley Director | Feb 10, 2026 | Gift | +32,764 | – | – | 32,764 |
| John J. Haley Director | Feb 10, 2026 | Gift | −32,764 | – | – | 39,971 |
| Bruce Caswell CEO & President, Director | Feb 10, 2026 | Buy | +1,691 | $78.77 | $133.20K | 328,013 |
| Bruce Caswell CEO & President, Director | Feb 10, 2026 | Buy | +1,332 | $78.22 | $104.19K | 326,322 |
| Bruce Caswell CEO & President, Director | Feb 10, 2026 | Buy | +152 | $76.92 | $11.69K | 324,990 |
| David Mutryn Chief Financial Officer | Feb 9, 2026 | Buy | +1,000 | $75.63 | $75.63K | 40,037 |
| Michelle F. Link Chief of Human Resources | Dec 3, 2025 | Sale(10b5-1 plan) | −4,039 | $86.84 | $350.75K | 19,542 |
| Bruce Caswell CEO & President, Director | Dec 2, 2025 | Award | +96,187.39 | – | – | 372,116 |
| Bruce Caswell CEO & President, Director | Dec 2, 2025 | Tax withholding | −47,276.1 | $86.51 | $4.09M | 324,838 |
| Michelle F. Link Chief of Human Resources | Dec 2, 2025 | Award | +7,358.34 | – | – | 26,899 |
| Michelle F. Link Chief of Human Resources | Dec 2, 2025 | Tax withholding | −3,318.61 | $86.51 | $287.09K | 23,581 |
| Bruce Caswell CEO & President, Director | Dec 2, 2025 | Award | +13,391.39 | – | – | 45,076 |
| Bruce Caswell CEO & President, Director | Dec 2, 2025 | Tax withholding | −39,036.75 | $86.51 | $3.38M | 39,037 |
| Theresa D. Golinvaux Principal Accounting Officer | Dec 2, 2025 | Tax withholding | −541.55 | $86.51 | $46.85K | 13,488 |
| Theresa D. Golinvaux Principal Accounting Officer | Dec 2, 2025 | Award | +1,200.77 | – | – | 14,029 |
| Ilene R. Baylinson General Mgr - Health & Human | Dec 2, 2025 | Award | +7,647.47 | – | – | 29,224 |
| Ilene R. Baylinson General Mgr - Health & Human | Dec 2, 2025 | Tax withholding | −3,831.38 | $86.51 | $331.45K | 25,393 |
| David Mutryn Chief Financial Officer | Dec 2, 2025 | Tax withholding | −6,039.52 | $86.51 | $522.48K | 39,037 |
| David Mutryn Chief Financial Officer | Dec 2, 2025 | Award | +13,391.39 | – | – | 45,076 |
| Michael J. Warren Director | Dec 1, 2025 | Award | +39.07 | – | – | 15,524 |
| Jan Madsen Director | Dec 1, 2025 | Award | +50.14 | – | – | 18,257 |
| Ilene R. Baylinson General Mgr - Health & Human | Dec 1, 2025 | Award | +27.64 | – | – | 21,577 |
| Michelle F. Link Chief of Human Resources | Dec 1, 2025 | Award | +20.01 | – | – | 19,541 |
| Theresa D. Golinvaux Principal Accounting Officer | Dec 1, 2025 | Award | +14.34 | – | – | 12,829 |
| Gayathri Rajan Director | Dec 1, 2025 | Award | +7.59 | – | – | 14,396 |
| Raymond B. Ruddy Director | Dec 1, 2025 | Award | +693.71 | – | – | 315,940 |
| Richard A. Montoni Director | Dec 1, 2025 | Gift | −12,000 | – | – | 55,500 |
| John J. Haley Director | Dec 1, 2025 | Award | +104.14 | – | – | 39,971 |
| Anne K. Altman Director | Dec 1, 2025 | Award | +10.63 | – | – | 32,066 |
| David Mutryn Chief Financial Officer | Dec 1, 2025 | Award | +36.92 | – | – | 31,685 |
| John Thomas Martinez Chief Legal Officer | Dec 1, 2025 | Award | +32.94 | – | – | 22,641 |
| Michael J. Warren Director | Nov 28, 2025 | Buy | +14.4 | $86.11 | $1.24K | 15,485 |
| Gayathri Rajan Director | Nov 28, 2025 | Buy | +42.3 | $86.11 | $3.64K | 14,388 |
| Michelle F. Link Chief of Human Resources | Nov 24, 2025 | Award | +6,013 | – | – | 19,521 |
| David Mutryn Chief Financial Officer | Nov 24, 2025 | Award | +10,259 | – | – | 35,648 |
| David Mutryn Chief Financial Officer | Nov 24, 2025 | Gift | −4,000 | – | – | 31,648 |
| Ilene R. Baylinson General Mgr - Health & Human | Nov 24, 2025 | Award | +7,409 | – | – | 21,549 |
| John Thomas Martinez Chief Legal Officer | Nov 24, 2025 | Award | +7,409 | – | – | 22,608 |
| Theresa D. Golinvaux Principal Accounting Officer | Nov 24, 2025 | Award | +2,565 | – | – | 12,814 |
| Michelle F. Link Chief of Human Resources | Oct 1, 2025 | Sale(10b5-1 plan) | −1,610 | $90.86 | $146.28K | 13,508 |
| John Thomas Martinez Chief Legal Officer | Sep 30, 2025 | Tax withholding | −3,017.12 | $91.37 | $275.67K | 15,199 |
| Theresa D. Golinvaux Principal Accounting Officer | Sep 30, 2025 | Tax withholding | −1,206.76 | $91.37 | $110.26K | 10,249 |
| Ilene R. Baylinson General Mgr - Health & Human | Sep 30, 2025 | Tax withholding | −3,622.93 | $91.37 | $331.03K | 14,140 |
| Michelle F. Link Chief of Human Resources | Sep 30, 2025 | Tax withholding | −2,255.65 | $91.37 | $206.10K | 15,118 |
| David Mutryn Chief Financial Officer | Sep 30, 2025 | Tax withholding | −4,158.77 | $91.37 | $379.99K | 25,389 |
| Michael J. Warren Director | Aug 31, 2025 | Award | +38.55 | – | – | 15,471 |
| John J. Haley Director | Aug 31, 2025 | Award | +102.76 | – | – | 39,867 |
| Anne K. Altman Director | Aug 31, 2025 | Award | +10.49 | – | – | 32,055 |
| Jan Madsen Director | Aug 31, 2025 | Award | +49.48 | – | – | 18,206 |
| Gayathri Rajan Director | Aug 31, 2025 | Award | +7.49 | – | – | 14,346 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Michelle F. Link Officer | Oct 1, 2026 | 3,208 | $173.97K | Oct 1, 2026 | Restricted Stock Vesting |
| Jan Madsen Director | Mar 17, 2026 | 742 | $53.61K | Mar 17, 2026 | Restricted Stock Vesting |
| Michelle F. Link Officer | Dec 3, 2025 | 4,039 | $350.75K | Dec 3, 2025 | Restricted Stock Vesting |
| Michelle F. Link Officer | Oct 1, 2025 | 1,610 | $146.28K | Oct 1, 2025 | Restricted Stock Vesting |
| Gayathri Rajan Director | May 30, 2025 | 7,914 | $572.80K | May 30, 2025 | Restricted Stock Vesting |
| Jan Madsen Director | Mar 18, 2025 | 2,439 | $165.14K | Mar 18, 2025 | Restricted Stock Vesting |
| Michelle F. Link Officer | Dec 3, 2024 | 2,208 | $163.02K | Dec 3, 2024 | Restricted Stock Vesting |
| Michelle F. Link Officer | Oct 1, 2024 | 1,363 | $126.16K | Oct 1, 2024 | Restricted Stock Vesting |
| David Mutryn Officer | Feb 16, 2024 | 8,000 | $671.62K | Feb 16, 2024 | Restricted Stock Vesting |
| Teresa Weipert Officer | Dec 13, 2023 | 2,145 | $182.74K | Dec 13, 2023 | Restricted Stock Vesting |
| Michelle F. Link Officer | Dec 4, 2023 | 1,765 | $150.40K | Dec 4, 2023 | Performance Shares |
| David Francis Officer | Nov 20, 2023 | 2,073 | $168.47K | Nov 20, 2023 | Restricted Stock Vesting |
| David Francis Former Officer | Oct 4, 2023 | 5,306 | $387.02K | Oct 4, 2023 | Restricted Stock Vesting |
| Michael J. Warren Director | Sep 18, 2023 | 1,880 | $150.11K | Sep 18, 2023 | Restricted Stock Vesting |
| Michael J. Warren Director | Aug 16, 2023 | 2,490 | $198.02K | Aug 16, 2023 | Restricted Stock Vesting |