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The GovCon Index recovered much of its losses from Friday with a Monday gain of 0.532Â points — or 0.766Â percent — to close at 68.929. Maximus‘ (NYSE: MMS) share price jumped nearly 3 percent after the company said it would purchase technology services contractor Acentia for $300 million cash. U.S.Â&nbs...
Maximus (NYSE: MMS) has agreed to purchase technology and management services contractor Acentia for $300 million in cash and expects to close the transaction in the third quarter of Maximus’ 2015 fiscal year. Maximus said Monday it plans to fund the transaction with existing cash and an amended line of credit agreement to cover up...
The GovCon Index erased much of its gains from the previous day with a Tuesday loss of 0.648 points — or 0.938 percent — to close at 69.737. Declines in healthcare and energy stocks drove U.S. markets to losses ahead of scheduled releases of economic reports that could help forecast the next interest rate increase...
The GovCon Index retreated for a second consecutive day Thursday with a loss of 0.32 points to 70.292. A 2.2-percent decline in energy stocks drove U.S. markets to losses Thursday despite gains in technology shares listed in the S&P 500 composite index, which saw seven out of 10 groups fall, according to Bloomberg. The Do...
Executive Mosaic, Tysons Corner, VA February 23, 2015 – Maximus President and CEO Richard Montoni has made it to the 2015 list of Wash100 most influential leaders in GovCon for his leadership role in financial performance. The Wash100 is the premier group of private and public sector leaders selected by Exec...
Maximus (NYSE: MMS) has announced financial results for the first quarter of its 2015 fiscal year, which ended Dec. 31, 2014. The Reston, Virginia-based contractor said Thursday overall Q1 revenue grew approximately 15 percent from the prior year quarter to $467 million and net income attributable to the company rose 29 percent to $41.9 million...
The GovCon Index broke the 73-point barrier for the first time Thursday to record a gain of 0.746 points — or 1.004 percent — and close at 73.471. Oil prices rose more than 6 percent Thursday after an 8.7-percent decline Wednesday and investors also reacted to a strengthening of the dollar and earnings...
The GovCon Index fell 0.067 points — or 0.095 percent — to close at 70.674 on Wednesday. Copper prices declined 5.7 percent to $2.4945 per pound in New York and was a factor that drove U.S. stocks to decline, according to Bloomberg. Investors showed some concern over data that showed a decline in retail sales during...
The GovCon Index rallied with a gain of 0.425 points — or 0.302 percent — to close at 70.762 on Tuesday. Concerns over the prospects of economic growth in Europe weighed on trading activity in the U.S. and investors will watch for a potential stimulus from Europe’s central...
The GovCon Index started the week with a loss of 0.512Â points — or 0.732Â percent — to close at 70.483Â on Monday. Investors showed concern over continued declines in oil prices and are preparing to watch the start of quarterly earnings reports, CNBC reports. Crude futures on the New York Mercantile Exch...
