SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Maintain 15% Stake in MAXIMUS INC Common Stock
Beneficial Ownership Report
FMR LLC and Abigail P. Johnson have filed an amendment to their Schedule 13G, reporting continued beneficial ownership of 15.0% of MAXIMUS INC's common stock as of March 31, 2025.
Summary
- FMR LLC and Abigail P. Johnson jointly filed an Amendment No. 4 to Schedule 13G regarding their beneficial ownership of MAXIMUS INC common stock.
- As of March 31, 2025, the reporting persons collectively beneficially own 8,488,656.37 shares of MAXIMUS INC common stock.
- This aggregate amount represents 15.0% of the outstanding common stock of MAXIMUS INC.
- FMR LLC holds sole voting power over 7,178,182.46 shares and sole dispositive power over 8,488,656.37 shares.
- Abigail P. Johnson holds sole dispositive power over 8,488,656.37 shares, with no shared voting or dispositive power reported by either party.
- The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of MAXIMUS INC.
- Several FMR LLC subsidiaries, including FIAM LLC, Fidelity Diversifying Solutions LLC, Fidelity Institutional Asset Management Trust Company, Fidelity Management & Research Company LLC, Fidelity Management Trust Company, and Strategic Advisers LLC, are identified as entities that beneficially own shares.
- Fidelity Management & Research Company LLC is noted as beneficially owning 5% or greater of the outstanding shares.
- Abigail P. Johnson, as Director, Chairman, and CEO of FMR LLC, is part of the Johnson family group that predominantly owns Series B voting common shares of FMR LLC, representing 49% of its voting power.
Sentiment
Score: 6
Explanation: The document is primarily a factual disclosure of beneficial ownership. The continued significant stake by a major institutional investor like FMR LLC can be viewed as a slightly positive signal of confidence, but the filing itself does not convey strong sentiment.
Positives
- The continued significant stake (15.0%) by a major institutional investor like FMR LLC may signal confidence in MAXIMUS INC's long-term prospects.
- The filing indicates a passive investment intent, suggesting stability in the ownership structure without immediate intentions to influence control.
Risks
- The document does not detail specific risks related to MAXIMUS INC's operations or financial performance, as it is solely an ownership disclosure.
Future Outlook
This Schedule 13G filing does not contain any forward-looking statements or guidance regarding MAXIMUS INC's future performance or strategic direction. It is solely a disclosure of beneficial ownership.
Management Comments
- FMR LLC and Abigail P. Johnson certified that the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer.
Industry Context
FMR LLC is a prominent global asset management firm. Their significant, passive stake in MAXIMUS INC, a leading provider of government services, indicates a long-term investment perspective in the public sector services industry. This type of institutional holding is common for established companies in stable sectors.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Internal Governance Structure Disclosure | The filing details the internal governance structure of FMR LLC, noting that members of the Johnson family, including Abigail P. Johnson, are predominant owners of Series B voting common shares (49% voting power) and have a shareholders' voting agreement, which may deem them a controlling group under the Investment Company Act of 1940. | NA | This clarifies the control structure within FMR LLC, the reporting entity, but does not indicate changes to MAXIMUS INC's corporate governance. |
Related Party Transactions
- The document describes the relationship between Abigail P. Johnson and FMR LLC, where she is a Director, Chairman, and CEO, and part of the family group controlling FMR LLC. This clarifies the reporting relationship for the beneficial ownership.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional holder's stake, which can influence investor perception and liquidity.
- Management: Awareness of a large, passive institutional investor on the shareholder register.
Next Steps
- FMR LLC and Abigail P. Johnson will continue to monitor their investment in MAXIMUS INC and file further amendments to Schedule 13G as required by changes in their beneficial ownership or SEC regulations.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC and its direct and indirect subsidiaries. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 2025-03-31 | Date of event which requires filing of this statement (reporting period end date). |
| 2025-05-09 | Date of filing of this Schedule 13G Amendment No. 4. |
Keywords
MAXIMUS INC, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Ownership Disclosure
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