Ciber Inc. (CBR) Shares Up -2.7% on Insider Buying Activity
Ciber Inc. (NYSE:CBR)’s share price rose 2.7% on Monday after an insider bought additional shares in the company. The company traded as high as $0.82 and last traded at $0.79, with a volume of 178,183 shares changing hands. The stock had previously closed at $0.81.
Specifically, major shareholder Legion Partners Asset Manageme bought 512,100 shares of the business’s stock in a transaction on Thursday, November 17th. The shares were bought at an average cost of $0.65 per share, for a total transaction of $332,865.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 9.20% of the stock is currently owned by company insiders.
CBR has been the topic of several analyst reports. Zacks Investment Research lowered shares of Ciber from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 4th. B. Riley reiterated a “neutral” rating and issued a $1.00 target price on shares of Ciber in a report on Tuesday, August 9th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. Ciber currently has an average rating of “Hold” and a consensus price target of $2.22.
The stock has a 50 day moving average of $0.92 and a 200 day moving average of $1.22. The company’s market capitalization is $64.19 million.
Ciber (NYSE:CBR) last announced its quarterly earnings results on Tuesday, November 8th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by $0.14. The company had revenue of $144.30 million for the quarter, compared to the consensus estimate of $153.28 million. Ciber had a negative net margin of 24.84% and a negative return on equity of 22.69%. On average, analysts expect that Ciber Inc. will post ($0.77) EPS for the current fiscal year.
Large investors have recently made changes to their positions in the stock. D. E. Shaw & Co. Inc. raised its stake in shares of Ciber by 22.4% in the third quarter. D. E. Shaw & Co. Inc. now owns 912,997 shares of the company’s stock valued at $1,050,000 after buying an additional 167,069 shares during the period. Principal Financial Group Inc. raised its stake in Ciber by 4.6% in the third quarter. Principal Financial Group Inc. now owns 534,686 shares of the company’s stock worth $615,000 after buying an additional 23,719 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Ciber by 4.8% in the third quarter. Ameriprise Financial Inc. now owns 363,008 shares of the company’s stock worth $417,000 after buying an additional 16,595 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Ciber by 54.2% in the third quarter. JPMorgan Chase & Co. now owns 111,662 shares of the company’s stock worth $128,000 after buying an additional 39,265 shares during the last quarter. Finally, First New York Securities LLC NY acquired a new stake in Ciber during the third quarter worth $256,000. 58.36% of the stock is currently owned by institutional investors.
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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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