CGI Inc. (NYSE:GIB) Shares Bought by Metis Global Partners LLC

Metis Global Partners LLC lifted its holdings in CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 12.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,426 shares of the technology company’s stock after acquiring an additional 1,171 shares during the period. Metis Global Partners LLC’s holdings in CGI were worth $1,200,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of CGI by 0.8% in the first quarter. Vanguard Group Inc. now owns 7,603,481 shares of the technology company’s stock worth $840,109,000 after acquiring an additional 64,037 shares in the last quarter. Fiera Capital Corp increased its position in shares of CGI by 2.7% in the third quarter. Fiera Capital Corp now owns 4,384,639 shares of the technology company’s stock worth $505,173,000 after acquiring an additional 114,864 shares in the last quarter. TD Asset Management Inc increased its position in shares of CGI by 2.0% in the second quarter. TD Asset Management Inc now owns 2,203,320 shares of the technology company’s stock worth $219,873,000 after acquiring an additional 43,355 shares in the last quarter. Cibc World Market Inc. grew its holdings in CGI by 6.2% during the 2nd quarter. Cibc World Market Inc. now owns 1,803,131 shares of the technology company’s stock valued at $180,025,000 after purchasing an additional 105,817 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in CGI by 3,776.8% during the 1st quarter. Janus Henderson Group PLC now owns 699,798 shares of the technology company’s stock valued at $77,381,000 after purchasing an additional 681,747 shares in the last quarter. Institutional investors and hedge funds own 66.68% of the company’s stock.

Wall Street Analysts Forecast Growth

GIB has been the subject of a number of recent analyst reports. StockNews.com raised shares of CGI from a “sell” rating to a “hold” rating in a report on Friday. CIBC raised shares of CGI from a “neutral” rating to an “outperformer” rating and raised their price target for the company from $155.00 to $178.00 in a report on Tuesday, October 15th. Sanford C. Bernstein raised shares of CGI to a “strong-buy” rating in a report on Thursday, August 1st. Finally, Cibc World Mkts raised shares of CGI from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 15th. Two analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $137.00.

CGI Price Performance

Shares of GIB stock opened at $107.39 on Friday. The firm has a market cap of $24.48 billion, a P/E ratio of 19.96, a P/E/G ratio of 2.37 and a beta of 0.96. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.36 and a quick ratio of 1.02. CGI Inc. has a 1-year low of $96.92 and a 1-year high of $118.89. The firm has a fifty day moving average of $113.74 and a two-hundred day moving average of $107.87.

CGI Announces Dividend

The business also recently disclosed a — dividend, which will be paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th will be issued a dividend of $0.111 per share. This represents a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, November 20th. CGI’s dividend payout ratio is currently 8.18%.

About CGI

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services. Its services include the business and strategic IT consulting, systems integration, and software solutions. The company also provides application development, modernization and maintenance, holistic enterprise digitization, automation, hybrid and cloud management, and business process services; intellectual property-based solutions; business consulting; managed IT services; and IT infrastructure services.