Michelle Link, the Chief of Human Resources at Maximus Inc . (NYSE:MMS), executed several transactions involving the company's common stock, as reported in a recent SEC filing. On December 3, Link sold 2,208 shares at an average price of $73.83 each, amounting to a total of $163,016. The transaction comes as Maximus, currently valued at $4.5 billion, trades near its 52-week low, with the stock down about 13% over the past six months. According to InvestingPro analysis, the company maintains a "GOOD" Financial Health score.
Earlier, on December 2, Link acquired 4,023 shares at no cost, as part of a release of performance stock units initially granted in November 2021. Additionally, she surrendered 1,815 shares at $74.16 per share to cover withholding taxes related to the release of these stock units, totaling $134,600. After these transactions, Link holds 6,566.799 shares directly. InvestingPro subscribers can access 10+ additional exclusive tips about Maximus, including detailed insights about its valuation and growth prospects. Get the complete analysis with the Pro Research Report, available for 1,400+ top US stocks.
In other recent news, Maximus Inc. reported strong fiscal year 2024 performance, with an 8.8% increase in organic revenue and a record adjusted earnings per share (EPS) of $6.11. The company also saw a significant rise in free cash flow, reaching over $400 million, nearly double the previous year's figure. However, Maximus' contract with the U.S. Department of Health and Human Services, Centers for Medicare and Medicaid Services (CMS) for Contact Center Operations was cancelled. This contract was intended for services that Maximus is currently contracted to provide, with option periods extending up to 2031.
The company further announced a change in its certifying accountant. After a competitive selection process, the company's Audit Committee approved the dismissal of Ernst & Young LLP as its independent registered public accounting firm. KPMG LLP has been appointed to take over auditing responsibilities for the fiscal year ending September 30, 2025. Despite these recent developments, Maximus is projecting fiscal 2025 revenue to be between $5.275 billion and $5.425 billion, with an adjusted EPS forecasted to be in the range of $5.70 to $6.00 per share.
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