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Tag Archives: Wells Fargo Securities

Wells Fargo Securities Report Highlights CACI EBITDA Milestone, Capgemini-Altran Deal, Accenture Earnings Guidance

A new Wells Fargo Securities report says CACI International (NYSE: CACI) has reached the milestone of 10 percent earnings before interest, tax, depreciation and amortization margin. WFS Managing Director Ed Caso and Associate Analyst Justin Donati forecast that win rates will drive organic growth at the Arlington, Va.-based government contractor.

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Wells Fargo Report: Investors Seek Additional Financial Data on Gov’t Services Sector

A report by Wells Fargo Securities says that while investors like to see the growth and visibility of the government services industry, they also want more information to help them differentiate private sector players holding large contracts. WFS analysts Ed Caso and Justin Donati noted in the report the nature …

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Parsons Sets IPO Share Price at $26 to $28

Parsons (NYSE: PSN) is selling 18,518,500 shares of common stock at a target price of $26 to $28 per share through an initial public offering. The company said Monday it expects to grant underwriters a 30-day option to buy up to 2,777,775 additional shares. BofA Merrill Lynch, Morgan Stanley and …

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Parsons Announces Submission of Registration Statement for Proposed IPO

Parsons has submitted to the Securities and Exchange Commission a registration statement for its planned initial public offering. The company said Friday it plans to trade on the New York Stock Exchange using the ticker symbol “PSN” and details about the price range and number of shares to be put …

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PSC’s David Berteau: Trump’s Move to Reopen Gov’t an Initial Step to Longer-Term Agreement

David Berteau, president and CEO of the Professional Services Council, has said President Donald Trump’s move to sign a measure to temporarily reopen federal agencies affected by the partial government shutdown through Feb. 15 is a “critically important first step.” The move “shows the beginning of finding common ground to a …

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Wells Fargo Securities: IBM to Release 2018 Q4 Results, Initial 2019 Guidance

A Wells Fargo Securities report says IBM (NYSE: IBM) is scheduled to release on Tuesday its fourth-quarter results for 2018 and initial guidance for 2019. According to the report released Friday, shareholders of Red Hat (NYSE: RHT) approved a deal for IBM to acquire the Raleigh, N.C.-based software company for approximately …

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Cerberus to Acquire Sparton; Tarek Ajouz Quoted

New York-based private equity firm Cerberus Capital Management has agreed to pay $18.50 in cash for each outstanding share of Sparton’s (NYSE: SPA) common stock. Sparton said Wednesday its board of directors cleared the transaction, which is expected to conclude in the first quarter of calendar year 2019. Tarek Ajouz, a managing director …

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Ultra Electronics Agrees to Purchase Sparton

U.K.-based defense and aerospace equipment manufacturer Ultra Electronics has agreed to acquire Schaumburg, Illinois-based electromechanical technology provider Sparton  (NYSE: SPA). Sparton said Friday the transaction is valued at $23.50 per share and that it expects to complete the sale by Jan. 1, 2018. Joseph Hartnett, interim president and CEO of Sparton, said the deal …

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NTT Data Completes $3.05B Purchase of Dell Services

A subsidiary of Japan-based conglomerate Nippon Telegraph & Telephone (NYSE: NTT) has wrapped up its acquisition of Dell’s services business for $3.05 billion in a strategy to expand the former’s consulting and information technology services. NTT Data CEO John McCain will oversee the newly acquired firm that will operate as NTT Data Services on …

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Corporate Office Properties Trust Declares Dividend, Prices $250M Note Offering

Corporate Office Properties Trust (NYSE:OFC) has declared a quarterly dividend of $0.275 per common share of beneficial interest for the third quarter of 2013. According to a company statement on September 12, the dividend is payable on October 15 to shareholders of record as of September 30, 2013. Series H, …

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