Mn Services Vermogensbeheer B.V. increased its stake in CGI Group, Inc. (NYSE:GIB – Free Report) (TSE:GIB.A) by 14.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,052 shares of the technology company’s stock after buying an additional 7,500 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in CGI Group were worth $3,956,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Versant Capital Management Inc increased its position in CGI Group by 48.0% during the 3rd quarter. Versant Capital Management Inc now owns 2,313 shares of the technology company’s stock valued at $158,000 after purchasing an additional 750 shares during the period. Andra AP fonden purchased a new position in shares of CGI Group in the 2nd quarter valued at $1,201,000. Sequoia Financial Advisors LLC increased its holdings in shares of CGI Group by 16.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 36,485 shares of the technology company’s stock valued at $2,356,000 after acquiring an additional 5,031 shares during the period. Tidal Investments LLC raised its position in shares of CGI Group by 5.4% in the 2nd quarter. Tidal Investments LLC now owns 14,457 shares of the technology company’s stock worth $933,000 after acquiring an additional 739 shares in the last quarter. Finally, Nykredit A S bought a new position in shares of CGI Group in the 2nd quarter worth $2,317,000. 66.68% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
GIB has been the topic of a number of recent research reports. TD Securities downgraded CGI Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Weiss Ratings downgraded shares of CGI Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $100.00 price target on shares of CGI Group in a report on Tuesday. Six investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $83.67.
CGI Group Stock Up 0.7%
NYSE:GIB opened at $70.17 on Friday. The firm has a market capitalization of $14.53 billion, a P/E ratio of 12.04 and a beta of 0.47. CGI Group, Inc. has a 1-year low of $59.63 and a 1-year high of $95.20. The company’s fifty day moving average price is $72.00 and its 200-day moving average price is $69.70. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.93 and a quick ratio of 0.66.
CGI Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, August 14th were issued a C$0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, August 14th. CGI Group’s payout ratio is 8.23%.
CGI Group Company Profile
CGI Inc, formerly known as CGI Group Inc, is a Canadian information technology and business consulting services company headquartered in Montreal, Quebec. Founded in 1976 by Serge Godin and André Imbeau, the company has grown into a global provider of technology and business solutions for commercial and government clients.
CGI’s services include IT and business consulting, systems integration, application development and maintenance, managed IT services, cybersecurity, cloud computing, and business process services.
Featured Stories
- Five stocks we like better than CGI Group
- Alphabet Introduces Gemini Agent—Can It Trigger a Breakout?
- Palantir’s Rally Puts Wall Street in Catch-Up Mode Ahead of November Earnings
- Tilray Finds a Path to Growth Without Waiting on U.S. Cannabis Reform
- Arista Networks Plugs Into All-Time Highs
Receive News & Ratings for CGI Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CGI Group and related companies with MarketBeat.com's FREE daily email newsletter.
