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Tag Archives: financial report

May 31 Morning Report: GovCon Index, Major US Markets Post Gains

The GovCon Index closed Friday with a 0.395-percent gain, climbing 0.309 points to 78.504. CSRA (NYSE: CSRA) was GCI’s top percentage gainer and posted a close of 24.88 — up 2.94 percent to rebound from the previous two days of losses. The Index’s gain mirrored those of the S&P 500, Dow Jones Industrial Average …

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Larry Prior: CSRA to Watch for ‘Strategic Opportunities’ From CSC-HPE Deal, Targets $16B in FY 2017 Bids

Government technology services contractor CSRA (NYSE: CSRA) will observe the merger of its former parent Computer Sciences Corp. (NYSE: CSC) with Hewlett Packard Enterprise‘s (NYSE: HPE) enterprise services segment for any potential opportunities, CSRA CEO Larry Prior told investors Wednesday. Falls Church, Virginia-based CSRA entered the market in November 2015 …

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May 25 Market Close: GovCon Index Nudges Gain on Boeing, Navistar Lift

The GovCon Index nudged out a gain of 0.081 points to 78.273 Wednesday on contributions from Boeing (NYSE: BA) and armored truck manufacturer Navistar International (NYSE: NAV). Boeing surged 1.07 percent and Navistar rose 9.09 percent, while shipbuilder Huntington Ingalls Industries (NYSE: HII) rebounded by one-half percent a day after its stock was downgraded to “Sell” from “Hold” by …

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May 24 Market Close: GovCon Index Posts 1% Rally as Services Providers Lead Gains

The GovCon Index rallied 1.197 percent to 78.192 on gains led by the GCI’s services-focused contractors and defense prime Northrop Grumman (NYSE: NOC) on news that the U.S. lifted its embargo on weapons sales to Vietnam. Science Applications International Corp. (NYSE: SAIC) added 4.01 percent — or $2.10  — after analysts at Jefferies listed SAIC as one of …

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Carlyle Group Reduces Booz Allen Ownership Stake to 11.3%

The Carlyle Group (Nasdaq: CG) has cut its ownership stake in Booz Allen Hamilton (NYSE: BAH) to 11.3 percent after the private equity firm sold 13 million shares to Morgan Stanley & Co. for $377.13 million. Booz Allen said Monday the transaction is valued at $29.01 per share and the sale will close by …

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May 23 Market Close: GovCon Index Slides, US Markets Mixed on Apple Bounce & Rate Hike Chatter

The GovCon Index consistently traded lower for the entirety of Monday trade and closed at a decline of 0.509 points to 77.267 with U.S. financial markets choppy in light of a sharp gain by Apple and speculation among investors about potential interest rate hikes this year. Boeing (NYSE: BA) nudged out …

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May 23 Morning Report: GovCon Index, Major Markets Post Gains

The GovCon Index closed the week up 0.705 points to 77.776 to mirror major market indexes’ gains as fears of a June interest rate hike by the Federal Reserve subsided. The Dow Jones Industrial Average climbed 65.54 points to close at 17, 500.94, the S&P 500 was up 12.28 points to 2, 052.32 and Nasdaq gained 57.02 points to …

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May 19 Market Close: GovCon Index Held Down on Continued Rate Hike Speculation, RBC Downgrades Lockheed & Northrop

The GovCon Index felt the pressure from U.S. investor worries about a potential interest rate hike in June and closed at a decline of 0.520 points to 77.071. CAE (NYSE: CAE) was one of the GovCon Index’s lone bright spots with a gain of 2.65 percent after the Montreal-based aerospace and defense contractor …

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May 18 Market Close: GovCon Index Nudges Gain on Booz Allen, McKesson Boosts

The GovCon Index hovered in neutral territory during the final two hours of trade Wednesday and closed at a gain of 0.220 points to 77.591 despite its descent from a strong early afternoon session. The GCI hit volatility in conjunction with the S&P 500 composite index shortly after 2 p.m. upon the release of the Federal …

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Booz Allen Posts First Revenue Jump in 3 Years for FY 2016; 2017 Guidance Shy of Street Outlook

Booz Allen Hamilton (NYSE: BAH) — one of 30 companies listed in Executive Mosaic’s GovCon Index — posted a revenue increase for its 2016 fiscal year for the first time in three such periods that have seen flat or contracting sales. The McLean, Virginia-based government consulting firm said sales in March 31-to-April 1 period — its …

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