DekaBank Deutsche Girozentrale decreased its position in shares of CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 409,948 shares of the technology company’s stock after selling 9,083 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.16% of CGI worth $32,840,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Guardian Capital LP raised its holdings in CGI by 1.5% during the 4th quarter. Guardian Capital LP now owns 1,677,953 shares of the technology company’s stock worth $133,011,000 after purchasing an additional 25,058 shares during the last quarter. Oxler Private Wealth LLC acquired a new stake in shares of CGI during the 4th quarter worth approximately $618,000. Great West Life Assurance Co. Can grew its position in shares of CGI by 3.0% during the 3rd quarter. Great West Life Assurance Co. Can now owns 2,880,527 shares of the technology company’s stock worth $195,370,000 after buying an additional 83,430 shares during the period. BlackRock Inc. grew its position in shares of CGI by 5.2% during the 3rd quarter. BlackRock Inc. now owns 60,871 shares of the technology company’s stock worth $4,125,000 after buying an additional 2,998 shares during the period. Finally, Credit Suisse AG grew its position in shares of CGI by 2.3% during the 4th quarter. Credit Suisse AG now owns 545,357 shares of the technology company’s stock worth $43,253,000 after buying an additional 12,266 shares during the period. Hedge funds and other institutional investors own 51.30% of the company’s stock.
GIB stock opened at $84.70 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.35 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $21.49 billion, a PE ratio of 27.06, a PEG ratio of 2.33 and a beta of 1.03. CGI Inc. has a twelve month low of $56.10 and a twelve month high of $85.13. The stock has a 50-day simple moving average of $79.67 and a two-hundred day simple moving average of $75.07.
CGI (NYSE:GIB) (TSE:GIB.A) last posted its earnings results on Tuesday, January 26th. The technology company reported $1.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.09. The business had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.02 billion. CGI had a return on equity of 18.58% and a net margin of 9.20%. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.23 EPS. On average, equities research analysts anticipate that CGI Inc. will post 4.04 EPS for the current fiscal year.
A number of equities research analysts have recently commented on GIB shares. Royal Bank of Canada lifted their target price on CGI from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Thursday, January 28th. CIBC lifted their target price on CGI from $91.50 to $105.50 and gave the stock a “neutral” rating in a research note on Wednesday, January 6th. Edward Jones upgraded CGI from a “hold” rating to a “buy” rating in a research note on Wednesday, March 10th. BMO Capital Markets boosted their price objective on CGI from $107.00 to $115.00 and gave the company an “outperform” rating in a research note on Thursday, January 28th. Finally, Scotiabank boosted their price objective on CGI from $102.00 to $106.00 and gave the company an “outperform” rating in a research note on Thursday, January 28th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $106.14.
CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services in Canada; Western, Southern, Central, and Eastern Europe; Australia; Scandinavia; Finland, Poland, and Baltics; the United States; the United Kingdom; and the Asia Pacific. Its services include the management of IT and business outsourcing, systems integration and consulting, and software solutions selling activities.
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