Maximus (MMS) has announced that its Board of Directors has approved an expanded stock buyback program, authorizing the repurchase of Maximus common stock up to a total of $200 million. This expansion incorporates the remaining $6 million available from the existing stock purchase initiative.
"Increasing the scope of this program aligns with our strategic and opportunistic approach to repurchasing our common stock," remarked Bruce Caswell, President and CEO of Maximus.
The company also disclosed that since March 31, 2024, it has repurchased 538,978 shares at an approximate cost of $44.5 million.
