FMR LLC & Abigail Johnson Hold 14.988% Stake in MAXIMUS INC.
Ticker: MMS · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 1032220
| Field | Detail |
|---|---|
| Company | Maximus, Inc. (MMS) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, stake-change
TL;DR
**FMR LLC and Abigail Johnson still own nearly 15% of MAXIMUS, INC. stock.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in MAXIMUS, INC. As of February 9, 2024, they collectively beneficially own 9,142,938 shares of MAXIMUS common stock, representing 14.988% of the company. This is an amendment to a previous filing, indicating a change in their holdings, which matters to investors as it shows a significant institutional investor maintains a large, influential position in the company.
Why It Matters
This filing confirms that a major institutional investor, FMR LLC, and its leader, Abigail P. Johnson, continue to hold a substantial portion of MAXIMUS, INC. stock, signaling their ongoing confidence or strategic interest in the company.
Risk Assessment
Risk Level: low — This filing indicates a stable, significant institutional ownership, which generally reduces volatility and provides a level of confidence.
Analyst Insight
Investors should note the continued significant institutional ownership by FMR LLC, which can imply a degree of stability and long-term interest in MAXIMUS, INC. This filing doesn't suggest immediate action but reinforces the presence of a major player.
Key Numbers
- 9,142,938 — Shares Beneficially Owned (Represents the total number of MAXIMUS, INC. common shares held by FMR LLC and Abigail P. Johnson.)
- 14.988% — Percent of Class (Indicates the significant portion of MAXIMUS, INC. common stock controlled by FMR LLC and Abigail P. Johnson.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person and principal owner of FMR LLC
- MAXIMUS, INC. (company) — the issuer of the common stock
- 9,142,938 (dollar_amount) — total shares beneficially owned by FMR LLC and Abigail P. Johnson
- 14.988% (dollar_amount) — percentage of MAXIMUS, INC. common stock beneficially owned
Forward-Looking Statements
- FMR LLC will likely maintain a significant stake in MAXIMUS, INC. for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-09
FAQ
Who are the primary reporting persons in this SC 13G/A filing?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for both entities.
What is the total number of MAXIMUS, INC. common shares beneficially owned by FMR LLC and Abigail P. Johnson?
FMR LLC and Abigail P. Johnson each beneficially own 9,142,938 shares of MAXIMUS, INC. common stock, as detailed in Item 7 for both reporting persons and Item 4(a) for FMR LLC.
What percentage of MAXIMUS, INC.'s common stock do FMR LLC and Abigail P. Johnson collectively own?
They collectively own 14.988% of MAXIMUS, INC.'s common stock, as indicated in Item 11 for both FMR LLC and Abigail P. Johnson, and Item 4(b) for FMR LLC.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box in the filing and further specified in Item 3.
What is the CUSIP number for MAXIMUS, INC. common stock mentioned in the filing?
The CUSIP number for MAXIMUS, INC. common stock is 577933104, as stated in the filing's header and Item 2(e).
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding MAXIMUS, INC. (MMS).