Richard Montoni: MAXIMUS to Add Healthcare Workers for UK Benefits Assessment Contract

Richard Montoni
Richard Montoni MAXIMUS‘ (NYSE: MMS) U.K. subsidiary has been selected for a potential five-year contract to assess individuals in the country that apply for disability benefits. The U.K.’s department for work and pensions will use MAXIMUS’ assessment results to determine an applicant’s eligibility to various health and disability benefits, the company announced Thursday. Reuters first...

October 30 Morning Report: GovCon Index Down on Wednesday’s Close

GovConIndex
The GovCon Index closed Wednesday at 66.977, down 0.297 or 0.445 percent. The Federal Reserve has ended a bond-buying program it had imposed to stimulate the economy, an announcement Reuters said Wednesday sent indicators to finish on a low. The Dow Jones fell 31.44 points, or 0.18 percent, to 16,974.1. The Standard & Poors 500 fell 2.75 points, or 0.14 percent, to 1,982.3. Nasdaq lost 15.07...

October 29 Morning Report: GovCon Index Up on Tuesday’s Close

GovConIndex
The GovCon Index closed Tuesday at 67.274, up 1.081 or 1.581 percent. Positive earnings pulled up U.S. markets with the Dow Jones industrial average closing 17,005.75 points, up 187.81 (1.1%), and the Standard & Poor’s 500 index at 1985.05, up 23.42 points (1.2%), USA Today reported Tuesday.   Top Percentage Gainers Company Stock Price % Change Maximus Inc. 46.37 5.53% Textron 40.49 4.11% ICF...

October 27 Morning Report: GovCon Index Closes on Monthly High

GovConIndex
The GovCon Index closed Friday reaching a monthly high at 65.994, up 0.260 or 0.393 percent after a week of strong third quarter corporate earnings.   Top Percentage Gainers Company Stock Price % Change AECOM Technology 32.60 1.97% General Dynamics 132.50 1.66% Maximus 43.54 1.61% Textron 38.76 1.57% Booz Allen Hamilton 25.72 1.54% Market Summary Advancing Issues 25 (83.33%) Declining...

October 21 Morning Report: GovCon Index Slightly Up at Market Close

GovConIndex
The GovCon Index closed at 63.843 on Monday, up by 0.008 points (0.012 percent) from Friday’s close. U.S. markets closed higher on the back of a S&P 500 index gain of 17.25 points and NASDAQ composite index close of 57.64 points, both up for the third straight day, USA Today reported Monday.   Top Percentage Gainers Company Stock Price % Change Healthnet 46.13 2.35% Navistar 33.04 1.79% Maximus...

Kelly Clark Joins MAXIMUS as CIO; Bruce Caswell Comments

Maximus
Kelly Clark, formerly senior vice president of data operations at Optum, has joined MAXIMUS (NYSE: MMS) as chief information officer. Clark will be responsible for MAXIMUS’ global technology strategy and work to technology efforts with the objectives of the firm’s business units worldwide, MAXIMUS said Thursday. “He will play an important role in leveraging core technologies and...

Bruce Caswell to Lead Both Health, Human Services at MAXIMUS; Richard Montoni Comments

Bruce Caswell
Bruce Caswell Bruce Caswell, president of the MAXIMUS (NYSE: MMS) health services segment, has been appointed president of the company as Richard Montoni focuses on his responsibilities as CEO and board member. As company president beginning October, Caswell will lead both the health services and human services segments, MAXIMUS said Thursday. “I look forward to continuing to team with Bruce...

Richard Montoni: MAXIMUS’ $150M Stock Buyback Plan Wins Board Approval

Richard Montoni
Richard Montoni The board of directors at MAXIMUS (NYSE: MMS) has approved the company’s plan to repurchase as much as $150 million in company shares. MAXIMUS said Monday that shares acquired through the repurchase program will be held as treasury stock and be used for employee stock issuance and general corporate purposes. “Our solid financial position gives us the ability to continue repurchasing...

Rick Nadeau to Join MAXIMUS as CFO

Rick Nadeau
Rick Nadeau Rick Nadeau, formerly chief financial officer at SRA International for four years, will officially join Reston, Va.-based government services contractor MAXIMUS as CFO on June 23. The nearly four-decade financial and executive leadership veteran will succeed the retiring David Walker, who will remain with the company until December to help with the transition and advise CEO Richard Montoni,...

Richard Montoni: ACA, Medicaid Contracts Increase MAXIMUS’ FY 2014 Guidance

Richard Montoni
Richard Montoni MAXIMUS (NYSE: MMS) has announced financial results for the second quarter of the company’s 2014 fiscal year, ended March 31. The Reston, Va.-based government services contractor reported a 35-percent increase in revenue to $439 million from the prior year period and increased its guidance estimates for fiscal 2014 revenue to between $1.68 billion and $1.73 billion. Previous company...