MMS Maximus (MMS) Insider Trading, Ownership & Congress Trades
Services · Services-business services, nec · CIK 0001032220
Form 144 · 1
Insider buyers, 180 days
0
House members buying, 1 year
0
STOCK Act, US House only, disclosed up to 45 days after the trade
Funds added, last quarter
200
13F, latest reported quarter
What the filings say about MMS
Insiders, 180 days
-$174.0K net sold
1 seller · 100% of sales under a 10b5-1 plan
Planned sales (Form 144), 90 days
$174.0K
1 notice
Maximus insider trades (Form 4)
Form 4 buys and sells (codes P and S). Grants, option exercises
and conversions excluded.
Over the last 180 days, MAXIMUS, INC. insiders sold a net $174.0K of stock across 81 Form 4 purchases and sales, with no insider buying. Source: SEC Form 4 filings, as of 2026-10-28.
Insider
Filed
Shares
Value
Since filing
Context
- 9 earlier Form 4 trades (code P or S) here by this insider (9 sales), the last on Dec 3, 2025.
- The trade is 23.1% of the 13,880 shares held after it.
- No other insider sold within 30 days.
- 200 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Chief of Human Resources Link Michelle F. sold about $174.0K of MMS under a 10b5-1 plan on Oct 1, 2026; 200 funds added in the latest 13F quarter.Context
- 1 earlier Form 4 trade (code P or S) here by this insider (1 sale), the last on Mar 18, 2025.
- The trade is 3.6% of the 20,794 shares held after it.
- No other insider sold within 30 days.
- 200 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director Madsen Jan sold about $53.6K of MMS on Mar 17, 2026; 200 funds added in the latest 13F quarter.Context
- 6 earlier Form 4 trades (code P or S) here by this insider (4 buys, 2 sales), the last on Dec 17, 2024.
- -1.4% median (-0.5% mean) 90-day return after 4 previous buys.
- The trade is 0.0% of the 324,990 shares held after it.
- 1 other insider bought within 30 days.
- 200 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: CEO & President Caswell Bruce bought about $11.7K of MMS on Feb 10, 2026; 1 other insider bought within 30 days and 200 funds added in the latest 13F quarter.Context
- 6 earlier Form 4 trades (code P or S) here by this insider (4 buys, 2 sales), the last on Dec 17, 2024.
- -1.4% median (-0.5% mean) 90-day return after 4 previous buys.
- The trade is 0.4% of the 326,322 shares held after it.
- 1 other insider bought within 30 days.
- 200 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: CEO & President Caswell Bruce bought about $104.2K of MMS on Feb 10, 2026, the largest insider purchase at the company since 2024; 1 other insider bought within 30 days and 200 funds added in the latest 13F quarter.Context
- 6 earlier Form 4 trades (code P or S) here by this insider (4 buys, 2 sales), the last on Dec 17, 2024.
- -1.4% median (-0.5% mean) 90-day return after 4 previous buys.
- The trade is 0.5% of the 328,013 shares held after it.
- 1 other insider bought within 30 days.
- 200 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: CEO & President Caswell Bruce bought about $133.2K of MMS on Feb 10, 2026, the largest insider purchase at the company since 2024; 1 other insider bought within 30 days and 200 funds added in the latest 13F quarter.81 transactions on record
Since filing: total return from the first close after the filing to the latest close, dividend-adjusted. Not a forecast.
Context lines are counts over the filings above and returns from our own price history, never a price level. Not investment advice.
Seven facts, ranked against the sector ·
Rank is not a forecast
Insiders
net -$174.0K over 180 days
-$174.0K over 90 days
more than 61% of Services
Congress
no House purchase disclosed in the last 12 months
Funds
200 funds bought in last quarter
more than 72% of Services
Revenue
+2.4% year over year
below 60% of Services
Margin
5.9% net margin
more than 63% of Services
Buybacks
$204.9M repurchased, FY to 2026-06-30
more than 73% of Services
Short interest
6.6% of the float short (float per yahoo 2026-10-26) · 4.1 days to cover · settled 2026-09-30
more than 76% of Services
What changed in the last 30 days
Oct 2Chief of Human Resources Link Michelle F. sold $174.0K under a 10b5-1 plan (Oct 1)
Why it matters
A 10b5-1 plan schedules trades months ahead, so this says little about what the insider thinks today.
Oct 1Officer Link Michelle F. filed to sell $174.0K by Oct 1 (Form 144)
Why it matters
A Form 144 is a notice of intent to sell; the sale may not happen, and it says nothing about the price.
Watch MMS
A free account keeps a watchlist and can send one email a day when insiders, funds or Congress file on the names in it. No password and no card.
The year, with the filings on it
Total return over 12 months. Each marker is a filing; hover or tap one for the detail.
-26.2%12M
Insider buyInsider sellForm 144 (planned sale)
Indexed to 100, dividend-adjusted, not a price chart.
When a name files heavily, the largest trades are drawn first.
Who owns MMS: institutional holders (13F)
13F holdings, latest reported quarter
7,443,930 sh
$400.2M
5,544,432 sh
$298.1M
3,388,533 sh
$182.2M
2,702,710 sh
$145.3M
2,566,033 sh
$137.9M
Congress trades in MMS
No Congress trades reported
No House member has disclosed a trade in this stock. See what Congress is buying.
Activist and 5% holders (13D/13G)
No 5%+ ownership filings
Nobody has filed for crossing 5%. That is a fact, not missing data.
MMS planned insider sales (Form 144)
Notice of intent to sell, filed before any sale
Link Michelle F.
Filed 2026-10-01
$174.0K
MMS mutual fund holders (N-PORT)
Funds ranked by the share of their own portfolio in this stock (N-PORT).
Third Avenue Small-Cap Value Fund
$6.0M position · as of 2026-07-31
2.8%
Frank Value Fund
$905.9K position · as of 2026-06-30
2.5%
Reinhart Genesis PMV Fund
$18.0M position · as of 2026-05-31
2.5%
Royce Capital Fund - Small-Cap Portfolio
$2.8M position · as of 2026-06-30
1.5%
Royce Small-Cap Value Fund
$1.7M position · as of 2026-06-30
1.5%
Small-Cap Value Series
$5.3M position · as of 2026-05-31
1.4%
SEC N-PORT, monthly, about 60 days late · funds ≥ $10M ·
% is the share of the fund's own portfolio
Government contracts
Award ceilings over the contract's life, subsidiaries included.
Not annual revenue (USASpending.gov).
Department Of Health And Human Services
THE ADMINISTRATIVE QIC (ADQIC) PROVIDES APPEALS TRAINING AND COORDINATION, LONG TERM CASE FILE STORA · 2026-09-14
$5.2M
Federal awards ≥ $25M in the last 90 days, matched via the SAM.gov parent registry
Corporate PAC
The company's PAC: committee totals only, never individual donors (FEC).
Maximus Inc. Political Action Committee (Maxpac)
Cycle 2026 · $123K spent
$137.9K
Federal Election Commission, matched by the PAC's connected organisation
Executive pay vs shareholder return · Bruce Caswell
CEO pay, headline and as actually paid, against the company's
return and its chosen peers' (DEF 14A).
FY
CEO total
Actually paid
Other execs, avg
TSR
Peer TSR
2025
$11.2M
$16.8M
$3.0M
+44%
+51%
2024
$10.2M
$16.0M
$3.0M
+44%
+65%
2023
$7.3M
$9.4M
$1.8M
+14%
+32%
2022
$6.3M
$808.8K
$1.5M
-13%
+14%
2021
$7.9M
$10.7M
$2.1M
+23%
+35%
Tagged by the company under SEC Item 402(v). Returns are
cumulative from the start of the disclosure period. Green where the company beat its own peer group.
Live price
Daily candles from TradingView, under their licence. No filings marked.
Why this name is on the desk
Insiders have filed to sell, before selling.
The record shows a net $174.0K sold by insiders over 180 days, 200 funds added last quarter, $174.0K in planned Form 144 sales. Each figure is a federal filing, dated the day it went public.
MMS financials
Revenue growth
+2.4%
XBRL, annual
Net margin
5.9%
Ratios from the company's XBRL filings, latest filings
Revenue, TTM
$5.2B
four quarters, 2025-07-01 to 2026-06-30
Revenue, TTM MMS
| FY Sep 2025 | $5.4B |
| FY Sep 2024 | $5.3B |
| FY Sep 2023 | $4.9B |
| FY Sep 2022 | $4.6B |
| FY Sep 2021 | $4.3B |
| Jun 2026 | $1.3B |
| Mar 2026 | $1.3B |
| Dec 2025 | $1.3B |
| Sep 2025 | $1.3B |
| Jun 2025 | $1.3B |
| Mar 2025 | $1.4B |
| Dec 2024 | $1.4B |
| Sep 2024 | $1.3B |
At each fiscal year end
Single quarter
Net margin, TTM
+7.1%
net income over revenue, 2025-07-01 to 2026-06-30
Net margin, TTM MMS
| FY Sep 2025 | +5.9% |
| FY Sep 2024 | +5.8% |
| FY Sep 2023 | +3.3% |
| FY Sep 2022 | +4.4% |
| FY Sep 2021 | +6.8% |
| Jun 2026 | +8.1% |
| Mar 2026 | +7.5% |
| Dec 2025 | +7.0% |
| Sep 2025 | +5.7% |
| Jun 2025 | +7.9% |
| Mar 2025 | +7.1% |
| Dec 2024 | +2.9% |
| Sep 2024 | +5.5% |
At each fiscal year end
Single quarter
Free cash flow, TTM
$433.2M
operating cash flow minus capex, 2025-07-01 to 2026-06-30
Free cash flow, TTM MMS
| FY Sep 2025 | $366.2M |
| FY Sep 2024 | $401.1M |
| FY Sep 2023 | $223.6M |
| FY Sep 2022 | $233.7M |
| FY Sep 2021 | $480.8M |
| Jun 2026 | -$137.0M |
| Mar 2026 | $179.0M |
| Dec 2025 | -$250.7M |
| Sep 2025 | $641.8M |
| Jun 2025 | -$198.2M |
| Mar 2025 | $25.5M |
| Dec 2024 | -$103.0M |
| Sep 2024 | $131.9M |
At each fiscal year end
Single quarter
Debt to equity
0.94x
long-term 2026-06-30 plus current 2026-06-30; equity 2026-06-30
Debt to equity MMS
| FY Sep 2025 | 0.80x |
| FY Sep 2024 | 0.61x |
| FY Sep 2023 | 0.75x |
| FY Sep 2022 | 0.88x |
| FY Sep 2021 | 1.02x |
| Jun 2026 | 0.94x |
| Mar 2026 | 0.90x |
| Dec 2025 | 0.91x |
| Sep 2025 | 0.80x |
| Jun 2025 | 0.93x |
| Mar 2025 | 0.90x |
| Dec 2024 | 0.84x |
| Sep 2024 | 0.61x |
At each fiscal year end
Trailing four quarters at each quarter end
Cash flow to debt
0.29x
TTM operating cash flow over long-term 2026-06-30 plus current 2026-06-30
Cash flow to debt MMS
| FY Sep 2025 | 0.32x |
| FY Sep 2024 | 0.46x |
| FY Sep 2023 | 0.25x |
| FY Sep 2022 | 0.21x |
| FY Sep 2021 | 0.34x |
| Jun 2026 | 0.29x |
| Mar 2026 | 0.27x |
| Dec 2025 | 0.17x |
| Sep 2025 | 0.32x |
| Jun 2025 | -0.03x |
| Mar 2025 | 0.22x |
| Dec 2024 | 0.30x |
| Sep 2024 | 0.46x |
At each fiscal year end
Trailing four quarters at each quarter end
Return on equity
+21.1%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on equity MMS
| FY Sep 2025 | +18.1% |
| FY Sep 2024 | +17.5% |
| FY Sep 2023 | +10.1% |
| FY Sep 2022 | +13.5% |
| FY Sep 2021 | +21.4% |
| Jun 2026 | +21.1% |
| Mar 2026 | +22.2% |
| Dec 2025 | +22.1% |
| Sep 2025 | +18.1% |
| Jun 2025 | +17.6% |
| Mar 2025 | +17.4% |
| Dec 2024 | +16.9% |
| Sep 2024 | +17.5% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on assets
+8.4%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on assets MMS
| FY Sep 2025 | +7.8% |
| FY Sep 2024 | +7.6% |
| FY Sep 2023 | +4.1% |
| FY Sep 2022 | +5.0% |
| FY Sep 2021 | +9.5% |
| Jun 2026 | +8.4% |
| Mar 2026 | +8.8% |
| Dec 2025 | +9.0% |
| Sep 2025 | +7.8% |
| Jun 2025 | +7.5% |
| Mar 2025 | +7.3% |
| Dec 2024 | +7.0% |
| Sep 2024 | +7.6% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on invested capital
+13.1%
operating income after a 24.5% effective tax rate, over long-term 2026-06-30 plus current 2026-06-30 plus average of 2025-06-30 and 2026-06-30 minus cash
Return on invested capital MMS
| FY Sep 2025 | +13.1% |
| FY Sep 2024 | +13.3% |
| FY Sep 2023 | +8.1% |
| FY Sep 2022 | +8.6% |
| FY Sep 2021 | +11.2% |
| Jun 2026 | +13.1% |
| Mar 2026 | +14.2% |
| Dec 2025 | +13.8% |
| Sep 2025 | +13.1% |
| Jun 2025 | +11.1% |
| Mar 2025 | +11.4% |
| Dec 2024 | +11.4% |
| Sep 2024 | +13.3% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on capital employed
+15.6%
operating income (EBIT proxy) over average of 2025-06-30 and 2026-06-30 minus current liabilities
Return on capital employed MMS
| FY Sep 2025 | +15.9% |
| FY Sep 2024 | +14.8% |
| FY Sep 2023 | +9.1% |
| FY Sep 2022 | +10.0% |
| FY Sep 2021 | +17.0% |
| Jun 2026 | +15.6% |
| Mar 2026 | +16.6% |
| Dec 2025 | +16.8% |
| Sep 2025 | +15.9% |
| Jun 2025 | +14.6% |
| Mar 2025 | +14.5% |
| Dec 2024 | +13.9% |
| Sep 2024 | +14.8% |
At each fiscal year end
Trailing four quarters at each quarter end
P/E, trailing
9.39x
close 2026-10-26 over four quarters of diluted EPS, 2025-07-01 to 2026-06-30
P/E, trailing MMS
| FY Sep 2025 | 16.46x |
| FY Sep 2024 | 18.67x |
| FY Sep 2023 | 28.40x |
| FY Sep 2022 | 17.64x |
| FY Sep 2021 | 17.85x |
| Jun 2026 | 7.95x |
| Mar 2026 | 9.61x |
| Dec 2025 | 13.16x |
| Sep 2025 | 16.46x |
| Jun 2025 | 12.95x |
| Mar 2025 | 13.58x |
| Dec 2024 | 16.09x |
| Sep 2024 | 18.67x |
At each fiscal year end
Trailing four quarters at each quarter end
Enterprise value
$4.9B
market value at close 2026-10-26 on 2026-08-03 shares, plus long-term 2026-06-30 plus current 2026-06-30, minus cash 2026-06-30
Enterprise value MMS
| FY Sep 2025 | $6.3B |
| FY Sep 2024 | $6.6B |
| FY Sep 2023 | $5.7B |
| FY Sep 2022 | $4.8B |
| FY Sep 2021 | $6.5B |
| Jun 2026 | $4.4B |
| Mar 2026 | $4.9B |
| Dec 2025 | $6.1B |
| Sep 2025 | $6.3B |
| Jun 2025 | $5.6B |
| Mar 2025 | $5.2B |
| Dec 2024 | $5.8B |
| Sep 2024 | $6.6B |
At each fiscal year end
Trailing four quarters at each quarter end
FCF yield
+13.0%
TTM free cash flow over market value at close 2026-10-26
FCF yield MMS
| FY Sep 2025 | +7.1% |
| FY Sep 2024 | +7.2% |
| FY Sep 2023 | +4.9% |
| FY Sep 2022 | +6.7% |
| FY Sep 2021 | +9.4% |
| Jun 2026 | +15.3% |
| Mar 2026 | +10.6% |
| Dec 2025 | +4.6% |
| Sep 2025 | +7.1% |
| Jun 2025 | -3.6% |
| Mar 2025 | +5.7% |
| Dec 2024 | +6.6% |
| Sep 2024 | +7.2% |
At each fiscal year end
Trailing four quarters at each quarter end
PEG, trailing
0.38x
P/E over trailing EPS growth of 25%: four quarters to 2026-06-30 against the four to 2025-06-30
PEG, trailing MMS
| FY Sep 2025 | 1.47x |
| FY Sep 2024 | 0.21x |
| FY Sep 2023 | n/a |
| FY Sep 2022 | n/a |
| FY Sep 2021 | 0.48x |
| Jun 2026 | 0.32x |
| Mar 2026 | 0.29x |
| Dec 2025 | 0.32x |
| Sep 2025 | 1.47x |
| Jun 2025 | 0.95x |
| Mar 2025 | 0.43x |
| Dec 2024 | 0.30x |
| Sep 2024 | 0.21x |
At each fiscal year end
Trailing four quarters at each quarter end
Price as of 2026-10-26. Hover or tap a tile for its yearly and quarterly history.
Method
TTM is four consecutive fiscal quarters; Q4 is the year minus nine months when not filed. Returns use the average of opening and closing balances. EBIT is approximated by operating income. PEG uses trailing EPS growth.
Fundamentals
Annual figures from XBRL filings. Pick a past date to see them as known then.
| 2025-09 | 2024-09 | 2023-09 | 2022-09 | |
|---|---|---|---|---|
| Revenue | $5.4B | $5.3B | $4.9B | $4.6B |
| Gross profit | $1.3B | $1.3B | $1.0B | $939.8M |
| Operating income | $528.3M | $488.5M | $294.8M | $325.9M |
| Net income | $319.0M | $306.9M | $161.8M | $203.8M |
| EPS (diluted) | 5.51 | 4.99 | 2.63 | 3.29 |
| Operating cash flow | $429.4M | $515.3M | $314.3M | $289.8M |
| Cash | $222.4M | $183.1M | $65.4M | $40.7M |
| Long-term debt | $1.3B | $1.1B | $1.2B | $1.3B |
| Buybacks | $447.5M | $73.1M | $0 | $96.1M |
SEC XBRL, fiscal years, as known on 2026-10-28
MMS Stock Sonar score 6/7 axes
Find similar shapesCompareMMS ranks highest on profitability (70th percentile) and institutional and government (58th), and lowest on insider conviction (1st), among Services peers.
6 of 7 axes scored. Each is a percentile against sector peers (all companies when the sector is thin); higher is better. An unscored axis is unmeasured, not low. How it is scored
MMS filings, in plain words
Are Maximus insiders buying or selling MMS?
In the 180 days to 2026-10-28, Maximus insiders were net sellers, a net $174.0K across purchases and sales reported on Form 4, by 1 seller.
Are there planned insider sales of MMS?
Yes. 1 Form 144 notice of planned insider sales was filed in the 90 days to 2026-10-28, covering $174.0K of stock; the latest, by Link Michelle F., was filed 2026-10-01.
Read the full summary
In the 180 days to 2026-10-28, Maximus insiders were net sellers of MMS, a net $174.0K across purchases and sales reported on Form 4 by 1 seller. Insiders filed 1 Form 144 notice of intent to sell in the 90 days to 2026-10-28, covering $174.0K of stock. Each figure is counted from SEC and House filings as of 2026-10-28, dated the day the filing was made public.
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