Back to top

Analyst Blog

Stanley Associates, Inc., a wholly-owned subsidiary of CGI Group, Inc. (GIB - Snapshot Report), recently won a $32.8 million contract from the U.S. Department of State, Bureau of Consular Affairs. The contract requires CGI Group to provide visa processing services to a number of countries in Central Europe and Scandinavia.

Notably, the deal has a one-year base period with four one-year option periods. It also marks the tenth win by the company under the indefinite-delivery, indefinite-quantity Global Support Strategy (GSS) for visa support services contract.

The latest contract authorizes Stanley Associates to provide visa processing assistance at U.S. embassies and consulates in countries such as Germany, Switzerland, the Czech Republic, Estonia, Latvia, Sweden, Denmark, Norway, Austria, Slovakia, Hungary and Finland.

Under the task order, Stanley Associates will provide services to aid the processing of non-immigrant and immigrant visa applications. Additionally, it will provide information about the application process, fee collection, appointment services, and document delivery to the applicants.

This contract win has strengthened the global presence of Stanley Associates, by raising the total number of countries where it operates to 57.

CGI Group – the parent company of Stanley Associates – is an independent information technology and business process services firm, which has about 69,000 employees across the United States, Europe and the Asia Pacific. The company’s services include high-end business and IT consulting, systems integration, application development and maintenance, infrastructure management and a variety of proprietary solutions.

CGI Group currently carries a Zacks Rank #3 (Hold). Better-placed stocks in the industry worth considering include Carbonite, Inc. (CARB - Snapshot Report), Lionbridge Technologies Inc. (LIOX - Snapshot Report) and Computer Sciences Corp. (CSC - Analyst Report). All of these stocks have a Zacks Rank #2 (Buy).

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
RPC INC RES 24.91 +8.35%
LITHIA MOTO… LAD 94.59 +4.60%
DELTA AIR L… DAL 39.15 +3.90%
FLAMEL TECH… FLML 14.51 +3.50%
SOUTHWEST A… LUV 28.87 +2.92%