Ciber, Inc. (NYSE:CBR) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday.
According to Zacks, “CIBER is a recognized leader in providing innovative IT solutions and partnering with customers to leverage technology in today’s e.Business-driven marketplace. The company delivers e.Business solutions to help organizations gain knowledge from the market, create value for their customers, reduce time and cost across the supply chain, and drive global competitive advantage. The company combines its broad array of in-depth business and technical expertise to create solutions that solve an enterprise’s complex requirements. “
Separately, B. Riley restated a “neutral” rating and issued a $0.65 price target on shares of Ciber in a research note on Sunday, November 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $2.22.
Shares of Ciber (NYSE:CBR) traded down 3.0420% during mid-day trading on Tuesday, hitting $0.6789. The stock had a trading volume of 148,660 shares. Ciber has a 12 month low of $0.61 and a 12 month high of $3.39. The firm’s market cap is $55.43 million. The stock’s 50-day moving average is $0.76 and its 200 day moving average is $1.08.
Ciber (NYSE:CBR) last announced its earnings results on Tuesday, November 8th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by $0.14. The firm earned $144.30 million during the quarter, compared to analysts’ expectations of $153.28 million. Ciber had a negative net margin of 24.84% and a negative return on equity of 22.69%. Equities research analysts predict that Ciber will post ($0.77) earnings per share for the current fiscal year.
In other Ciber news, major shareholder Legion Partners Asset Manageme purchased 512,100 shares of the company’s stock in a transaction on Thursday, November 17th. The stock was acquired at an average price of $0.65 per share, for a total transaction of $332,865.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 9.20% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of CBR. Principal Financial Group Inc. increased its position in Ciber by 0.3% in the second quarter. Principal Financial Group Inc. now owns 510,967 shares of the company’s stock valued at $766,000 after buying an additional 1,717 shares during the period. Ameriprise Financial Inc. increased its position in Ciber by 3.1% in the second quarter. Ameriprise Financial Inc. now owns 346,413 shares of the company’s stock valued at $519,000 after buying an additional 10,555 shares during the period. Guggenheim Capital LLC increased its position in Ciber by 4.4% in the second quarter. Guggenheim Capital LLC now owns 703,608 shares of the company’s stock valued at $1,055,000 after buying an additional 29,569 shares during the period. JPMorgan Chase & Co. increased its position in Ciber by 54.2% in the third quarter. JPMorgan Chase & Co. now owns 111,662 shares of the company’s stock valued at $128,000 after buying an additional 39,265 shares during the period. Finally, Bridgeway Capital Management Inc. increased its position in Ciber by 21.2% in the second quarter. Bridgeway Capital Management Inc. now owns 269,251 shares of the company’s stock valued at $404,000 after buying an additional 47,100 shares during the period. Institutional investors and hedge funds own 56.12% of the company’s stock.
Ciber Company Profile
Ciber, Inc (Ciber) is a global information technology (IT) services company. The Company operates in two segments: North America and International. Its Ciber International segment primarily consists of countries in Western Europe and the Nordic region. Its North America segment is organized into service offerings, which include Independent Software Vendor Relationships (ISV)/Channel Partner Platforms, Managed Services, Business Consulting, Application Development and Management (ADM)/Staffing, and Software-as-a-Service (SaaS).
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