Powersecure Receives Infusion and 4 Stocks Riding 52-Week Highs
Unilever (NYSE:UN) has awarded a new five-year contract to Accenture (NYSE:ACN), to provide human resources business process outsourcing services that benefit in excess of 130,000 Unilever employees in more than 100 countries, and bring out a series of service improvements concentrated on improving the user experience. Through the terms, Accenture will collaborate with Unilever to continue to enhance the quality and effectiveness of its HR services. The scope of the contract includes reward and core HR administration, recruitment, and learning services in regards to content sourcing and development, learning system hosting, program planning and delivery, payroll administration, and management and administrative services. Financials of the contract were unreported. Shares closed down 0.13 percent on the day at $38.53, having been traded in a 52-week range of $30.44 to $38.70.
PowerSecure International (NASDAQ:POWR) has received $15 million of new business for utility infrastructure projects, distributed generation systems, energy efficiency lighting products and solar project installations. The majority of these new awards are for turn-key sales, with most of the revenue anticipated to be recognized next year. Shares closed up 4.52 percent on the day at $7.86, and have been traded in a 52-week range of $4.00 to $7.54.
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Pervasive Software’s (NASDAQ:PVSW) interest owned by Loeb Offshore and its affiliated parties was purchased for investment purposes, according to a filing, which emphasizes that Loeb believes that the “only appropriate response in light of the fiduciary duty that the board owes to shareholders of the company is to commence a formal process to maximize value for shareholders with a view towards selling the company to the highest bidder.” Shares closed up 0.22 percent on the day at $8.97, having been traded in a 52-week range of $5.36 to $8.98.
Dynatronics Corporation (NASDAQ:DYNT) reported that the shareholders approved on December 17th, a one-for-five reverse stock split of the firm’s common stock. Roughly 93 percent of the votes cast approved the reverse split which became effective Wednesday. Shares closed up 630.95 percent on the day at $3.07, but have been traded in a 52-week range of $0.40 to $0.93.
Aviva (NYSE:AV) will transfer its entire interest in the Spanish joint venture Aseval to Bankia for €608 million in a cash transaction, which will be held in escrow, with release of the cash proceeds to the seller expected no later than 30 April 2013. As a result of the accord, Aviva and Bankia have applied to the Arbitration Court in Madrid, to cease the legal proceedings between the parties, and issue an award which reflects the resolution agreed. Cash proceeds to Aviva’s central group liquidity will be used for general corporate purposes. The transaction will increase Aviva’s economic capital surplus by about ₤0.5 billion. Shares closed down 0.4 percent on the day at $12.33, having been traded in a 52-week range of $7.78 to $12.39.
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