CGI Inc. (NYSE:GIB) Shares Purchased by Kathmere Capital Management LLC

Kathmere Capital Management LLC raised its holdings in shares of CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 18.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,594 shares of the technology company’s stock after purchasing an additional 1,817 shares during the period. Kathmere Capital Management LLC’s holdings in CGI were worth $1,267,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Geode Capital Management LLC grew its position in shares of CGI by 8.6% during the 3rd quarter. Geode Capital Management LLC now owns 998,470 shares of the technology company’s stock valued at $115,844,000 after buying an additional 79,362 shares during the last quarter. Barclays PLC grew its holdings in shares of CGI by 182.6% during the third quarter. Barclays PLC now owns 476,758 shares of the technology company’s stock valued at $54,808,000 after purchasing an additional 308,040 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of CGI by 4.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 560,159 shares of the technology company’s stock worth $64,518,000 after purchasing an additional 21,427 shares during the period. Cassaday & Co Wealth Management LLC bought a new stake in shares of CGI in the 3rd quarter worth approximately $825,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in CGI by 68.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,368,822 shares of the technology company’s stock valued at $157,485,000 after purchasing an additional 555,017 shares during the period. 66.68% of the stock is owned by institutional investors and hedge funds.

CGI Price Performance

Shares of NYSE GIB opened at $107.44 on Wednesday. The stock has a market cap of $24.49 billion, a P/E ratio of 19.97, a P/E/G ratio of 2.55 and a beta of 0.95. The firm’s 50-day simple moving average is $110.70 and its 200 day simple moving average is $110.65. CGI Inc. has a fifty-two week low of $96.92 and a fifty-two week high of $118.89. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.29.

CGI Announces Dividend

The business also recently declared a — dividend, which was paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th were paid a $0.111 dividend. This represents a dividend yield of 0.4%. The ex-dividend date was Wednesday, November 20th. CGI’s dividend payout ratio is currently 8.55%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GIB. StockNews.com raised CGI from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. Royal Bank of Canada reiterated an “outperform” rating and issued a $178.00 price objective on shares of CGI in a research report on Monday, January 6th. Cibc World Mkts raised shares of CGI from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 15th. Finally, CIBC upgraded 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 research note on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $147.25.

CGI Company Profile

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.