|Day's Range||0.00 - 0.00|
|52 Week Range|
|PE Ratio (TTM)||-1,500.00|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
Dan Allen, chairman and CEO of Reston-based government IT and management services firm Serco Inc., said he plans to retire by the middle of this year. The company — the North American arm of British-based government services company Serco Group PLC, which trades on the London stock exchange — said a search will begin for both internal and external candidates as soon as Allen steps down. About 30 percent of its 2016 revenue was tied to a contract supporting the Affordable Care Act, providing eligibility processing services to those seeking health insurance.
Outsourcing colossus Serco slides as sales take a tumble in 2016. What next?
Serco shares plunged to the lowest level since August after the British public sector outsourcing group posted a bigger-than-expected decline in profits and kept its 2017 outlook unchanged.