The New Legion Partners Asset Management Holding in Ciber Inc
Legion Partners Asset Management filed with the SEC SC 13D/A form for Ciber Inc. The form can be accessed here: 000156020716000028. As reported in Legion Partners Asset Management’s form, the filler as of late owns 12.01% or 9,806,107 shares of the Information Technology–company.
Ciber Inc stake is a new one for the and it was filed because of activity on November 17, 2016. We feel this shows Legion Partners Asset Management’s positive view for the stock.
Reasons Why Legion Partners Asset Management Bought – Ciber Inc Stock
Purpose of Transaction
The Reporting Persons purchased the Shares based on the Reporting Persons’ belief that the Shares, when purchased, were undervalued and represented an attractive investment opportunity.Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of Shares at prices that would make the purchase or sale of Shares desirable, the Reporting Persons may endeavor to increase or decrease their position in the Issuer through, among other things, the purchase or sale of Shares on the open market or in private transactions or otherwise, on such terms and at such times as the Reporting Persons may deem advisable.
No Reporting Person has any present plan or proposal which would relate to or result in any of the matters set forth in subparagraphs (a) – (j) of Item 4 of Schedule 13D except as set forth herein or such as would occur upon or in connection with completion of, or following, any of the actions discussed herein. The Reporting Persons intend to review their investment in the Issuer on a continuing basis. Depending on various factors including, without limitation, the Issuer’s financial position and investment strategy, the price levels of the Shares, conditions in the securities markets and general economic and industry conditions, the Reporting Persons may in the future take such actions with respect to their investment in the Issuer as they deem appropriate including, without limitation, engaging in communications with management and the Board, engaging in discussions with stockholders of the Issuer and others about the Issuer and the Reporting Persons’ investment, making proposals to the Issuer concerning changes to the capitalization, ownership structure, board structure (including board composition) or operations of the Issuer, purchasing additional Shares, selling some or all of their Shares, entering into financial instruments or other agreements that increase or decrease the Reporting Persons’ economic or beneficial exposure with respect to their investment in the Issuer, engaging in short selling of or any hedging or similar transaction with respect to the Shares, including swaps and other derivative instruments, or changing their intention with respect to any and all matters referred to in Item 4.
Ciber Inc Institutional Sentiment
Latest Security and Exchange filings show 102 investors own Ciber Inc. The institutional ownership in Q3 2015 is high, at 77.27% of the outstanding shares. This is increased by 6942426 the total institutional shares. 63087223 were the shares owned by these institutional investors. In total 10 funds opened new Ciber Inc stakes, 42 increased stakes. There were 16 that closed positions and 31 reduced them.
Frontier Investment Mgmt Company is an institutional investor bullish on Ciber Inc, owning 185611 shares as of Q3 2015 for 0.10% of its portfolio. Kessler Investment Group Llc owns 10 shares or less than 0.01% of its portfolio. TX Nokomis Capital Llc have 2.89% of their stock portfolio for 3166689 shares. Further, Heartland Advisors Inc reported stake worth 0.45% of its US stock portfolio. The CT Lapides Asset Management Llc owns 1259500 shares. Ciber Inc is 0.69% of the manager’s US portfolio.
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). It provides project management, application and technical consulting, and database administration for both implementation projects and managed-services engagements. It also provides a solution, Ciber Compliance Suite, which helps SAP customers monitor the usage of their SAP systems. Its business consulting offering helps clients manage their business by offering expertise in IT strategy, enterprise architecture and vertical business processes.
SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.
Insitutional Activity: The institutional sentiment increased to 0.9 in 2016 Q2. Its up 0.38, from 0.52 in 2016Q1. The ratio improved, as 28 funds sold all CIBER, Inc. shares owned while 35 reduced positions. 12 funds bought stakes while 21 increased positions. They now own 43.08 million shares or 24.98% less from 57.43 million shares in 2016Q1.
Heartland Advsr Inc owns 3.50 million shares or 0.3% of their US portfolio. Louisiana State Employees Retirement reported 32,200 shares or 0% of all its holdings. The United Kingdom-based Blackrock Grp has invested 0% in CIBER, Inc. (NYSE:CBR). Morgan Stanley accumulated 0% or 7,959 shares. New York State Teachers Retirement Sys owns 254,952 shares or 0% of their US portfolio. Jacobs Levy Equity Mngmt has invested 0% of its portfolio in CIBER, Inc. (NYSE:CBR). Amp has 50,814 shares for 0% of their US portfolio. Ameriprise Financial has invested 0% of its portfolio in CIBER, Inc. (NYSE:CBR). Alpine Ptnrs Vi Ltd Liability Corp, a New York-based fund reported 104,123 shares. Texas Permanent School Fund holds 55,521 shares or 0% of its portfolio. Boston Prtnrs accumulated 6.38M shares or 0.01% of the stock. Great West Life Assurance Company Can, a Manitoba – Canada-based fund reported 20,000 shares. Tudor Invest Et Al, a Connecticut-based fund reported 16,463 shares. Wells Fargo Com Mn, a California-based fund reported 160 shares. California Employees Retirement Systems holds 0% or 317,300 shares in its portfolio.
About 177,832 shares traded hands. CIBER, Inc. (NYSE:CBR) has declined 63.84% since April 19, 2016 and is downtrending. It has underperformed by 67.70% the S&P500.
Ciber, Inc. is a global information technology (IT) services company. The company has a market cap of $78.66 million. The Firm operates in two divisions: North America and International. It currently has negative earnings. The Company’s Ciber International segment primarily consists of countries in Western Europe and the Nordic region.
CIBER, Inc. (NYSE:CBR) Ratings Coverage
Out of 2 analysts covering Ciber (NYSE:CBR), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $7 is the highest target while $4.50 is the lowest. The $5.75 average target is 618.75% above today’s ($0.8) stock price. Ciber has been the topic of 2 analyst reports since August 12, 2015 according to StockzIntelligence Inc. Maxim Group initiated CIBER, Inc. (NYSE:CBR) on Friday, October 23 with “Buy” rating. The firm has “Buy” rating given on Wednesday, August 12 by Noble Financial.
More notable recent CIBER, Inc. (NYSE:CBR) news were published by: Prnewswire.com which released: “Ciber Reports Third Quarter 2016 Results” on November 08, 2016, also Bizjournals.com with their article: “Hawaii Department of Transportation to pursue fraud claims against Ciber Inc.” published on March 03, 2016, Bizjournals.com published: “Ciber hires advisor to explore strategic alternatives” on November 01, 2016. More interesting news about CIBER, Inc. (NYSE:CBR) were released by: Prnewswire.com and their article: “Ciber Reports Second Quarter 2016 Results” published on August 04, 2016 as well as Prnewswire.com‘s news article titled: “Ciber Reports First Quarter 2016 Results” with publication date: May 05, 2016.
According to Zacks Investment Research, “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.”
CBR Company Profile
Ciber, Inc. (Ciber), incorporated on December 15, 1993, is a global information technology (IT) services company. The Firm operates in two divisions: North America and International. The Company’s Ciber International segment primarily consists of countries in Western Europe and the Nordic region. The Company’s 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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