Richard Montoni: Maximus Targets $200M in Annual Revenue From Affordable Care Act Work

Richard Montoni
Richard Montoni Maximus Inc. (NYSE: MMS) booked $1.3 billion in revenue in fiscal year 2013 as the company worked to help individuals apply for health plan through the federal government’s ObamaCare program, Investor’s Business Daily reported Thursday. Marie Beerens writes 65 percent of that revenue came from the health services business and 35 percent accounted for human services earnings. Richard...

CenturyLink Board OKs 2-Year, $1B Share Buyback Plan

CenturyLink‘s (NYSE: CTL) board of directors has approved a plan to repurchase up to $1 billion of the company’s common stock over the next two years. The company intends to fund the purchases with free cash flow generated by the business and start the new initiative after completing its current share buyback initiative in the second quarter of its 2014 fiscal year, CenturyLink said Monday. Additionally,...

ITT FY 2013 Revenue Up 12%; Denise Ramos Comments

ITT logo
ITT Corp. (NYSE: ITT) has announced financial results for both its fourth fiscal quarter and full 2013 fiscal year that ended Dec. 31, 2013. Full-year revenue grew 12 percent to $2.5 billion and fourth quarter revenue jumped 17 percent over the prior-year period to $646 million, ITT announced Friday. The technology manufacturing and engineering firm cited expansion efforts in aftermarkets, emerging...

Richard Montoni: Health Services Work Drives ‘Better Than Expected’ 1Q for MAXIMUS

Richard Montoni
Richard Montoni Reston, Va.-based government services contractor MAXIMUS (NYSE: MMS) has announced financial results for the first quarter of its 2014 fiscal year, ended Dec. 31, 2013. The company reported 42-percent higher revenue from the prior year period, or 44 percent on a constant currency basis, going from $286.3 million to $406.6 million. MAXIMUS also raised its fiscal 2014 projections to between...

Intel Board OKs 22-Cent Dividend

The board of directors at Intel (NASDAQ: INTC) has declared a quarterly dividend of 22.5 cents per share on the computing chip maker’s common stock. Shareholders of record as of Feb. 7 will receive the dividend on March 1 and the payment is 90 cents per share on an annual basis, Intel said Wednesday.

COPT Sets Quarterly Dividend at 27 Cents

Corporate Office Properties Trust (NYSE: OFC) shareholders will receive a quarterly dividend of  27.5 cents from the company on Jan. 15, 2014. The COPT board of trustees determined the schedule and made an announcement in a Dec. 5 company release. Quarterly dividends of nearly 46.9 cents for the for the period between Oct. 15 and Jan. 15 will be paid for Series H cumulative redeemable preferred shares. A...

Leidos Inks $300M Share Repurchase Deal

Leidos Holdings (NYSE: LDOS) and an unnamed financial institution have reached an agreement for the company to purchase $300 million in outstanding common shares through March 2014. Share price will determine the total number of shares for purchase over the period and the company plans to buy 80 percent of the planned stock in the near term, Leidos said Friday.

Exelis to Pay Shareholders 10-Cent Dividend

Exelis‘ (NYSE: XLS) board of directors has approved a 10.33-cent cash dividend for the fourth quarter of its 2013 fiscal year. Shareholders of record on Nov. 15 will receive the payment on Jan. 2, 2014, the company said Wednesday.

SAIC Board Approves 5M Share Buyback Plan; Tony Moraco Comments

Tony Moraco Science Applications International Corp.’s (NYSE: SAI) board of directors has approved a plan to repurchase up to 5 million shares of the company’s common stock. SAIC has also declared a cash dividend of 28 cents per outstanding share on the company’s common stock, SAIC said Thursday. Leidos Holdings (NYSE: LDOS) and SAIC began trading on the New York Stock ExchangeLargest...

Verizon Board Declares 53-Cent Dividend, 7th Straight Annual Increase

Verizon‘s (NYSE: Z) board of directors has declared a quarterly dividend of 53 cents per share on the company’s common stock, 1.5 cents higher than the previous quarter. This represents the seventh consecutive year that the board has approved a quarterly dividend increase and the new dividend is 6 cents higher on an annual basis, going from $2.06 per share to $2.12 per share, Verizon...

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