Commonwealth of Pennsylvania Public School Empls Retrmt SYS Grows Position in Colliers International Group Inc. (NASDAQ:CIGI)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 58.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,731 shares of the financial services provider’s stock after buying an additional 2,490 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Colliers International Group were worth $915,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CIGI. Franklin Resources Inc. raised its holdings in Colliers International Group by 100.8% in the 3rd quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider’s stock valued at $102,261,000 after acquiring an additional 340,691 shares during the last quarter. Barclays PLC acquired a new stake in shares of Colliers International Group in the third quarter valued at approximately $1,629,000. Thrivent Financial for Lutherans purchased a new position in Colliers International Group during the third quarter worth approximately $2,581,000. Public Employees Retirement System of Ohio acquired a new position in Colliers International Group during the third quarter worth $3,543,000. Finally, HighTower Advisors LLC grew its holdings in Colliers International Group by 13.6% in the 3rd quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider’s stock valued at $323,000 after buying an additional 254 shares in the last quarter. 80.09% of the stock is owned by hedge funds and other institutional investors.

Colliers International Group Price Performance

CIGI opened at $124.20 on Thursday. The firm has a market cap of $6.12 billion, a price-to-earnings ratio of 38.93 and a beta of 1.58. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.13. The stock’s 50-day moving average price is $131.36 and its 200 day moving average price is $140.81. Colliers International Group Inc. has a 12-month low of $101.01 and a 12-month high of $156.96.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.87 EPS for the quarter, missing the consensus estimate of $2.40 by ($0.53). Colliers International Group had a net margin of 3.35% and a return on equity of 20.38%. As a group, sell-side analysts expect that Colliers International Group Inc. will post 6.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. National Bankshares lowered their price target on shares of Colliers International Group from $182.00 to $169.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. Scotiabank decreased their target price on shares of Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating on the stock in a report on Friday, February 7th. William Blair restated an “outperform” rating on shares of Colliers International Group in a report on Friday, February 28th. StockNews.com cut Colliers International Group from a “buy” rating to a “hold” rating in a report on Thursday, March 20th. Finally, CIBC started coverage on Colliers International Group in a research note on Tuesday, March 4th. They set a “sector outperform” rating and a $160.00 target price for the company. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Colliers International Group presently has a consensus rating of “Moderate Buy” and an average target price of $164.40.

Colliers International Group Profile

Colliers International Group Inc provides commercial real estate professional and investment management services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers outsourcing and advisory services, such as engineering and project management, property management, valuation, and other services, as well as loan servicing for commercial real estate clients.