CGI Inc. (NYSE:GIB) Holdings Boosted by Andra AP fonden

Andra AP fonden boosted its holdings in CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 45.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 128,500 shares of the technology company’s stock after acquiring an additional 39,935 shares during the period. Andra AP fonden owned about 0.06% of CGI worth $14,048,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of GIB. Metis Global Partners LLC increased its stake in shares of CGI by 1.0% in the fourth quarter. Metis Global Partners LLC now owns 10,534 shares of the technology company’s stock valued at $1,153,000 after purchasing an additional 108 shares during the period. West Family Investments Inc. increased its stake in shares of CGI by 5.5% in the third quarter. West Family Investments Inc. now owns 2,323 shares of the technology company’s stock valued at $267,000 after purchasing an additional 121 shares during the period. Signal Advisors Wealth LLC increased its stake in shares of CGI by 4.5% in the fourth quarter. Signal Advisors Wealth LLC now owns 3,158 shares of the technology company’s stock valued at $345,000 after purchasing an additional 135 shares during the period. US Bancorp DE increased its stake in shares of CGI by 8.4% in the third quarter. US Bancorp DE now owns 3,099 shares of the technology company’s stock valued at $356,000 after purchasing an additional 240 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of CGI in the third quarter valued at approximately $28,000. Institutional investors own 66.68% of the company’s stock.

CGI Price Performance

NYSE GIB opened at $104.99 on Friday. CGI Inc. has a 12 month low of $96.92 and a 12 month high of $122.79. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.31 and a quick ratio of 1.04. The firm has a market capitalization of $23.81 billion, a PE ratio of 18.99, a P/E/G ratio of 2.58 and a beta of 0.96. The company’s 50 day simple moving average is $112.47 and its 200 day simple moving average is $112.56.

CGI (NYSE:GIB) (TSE:GIB.A) last posted its quarterly earnings results on Wednesday, January 29th. The technology company reported $1.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.41. CGI had a net margin of 11.72% and a return on equity of 19.32%. As a group, equities research analysts forecast that CGI Inc. will post 5.79 EPS for the current fiscal year.

CGI Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 14th will be given a $0.1039 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.42 annualized dividend and a yield of 0.40%. CGI’s dividend payout ratio (DPR) is 7.41%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. UBS Group raised their price target on shares of CGI from $118.00 to $122.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Jefferies Financial Group dropped their price target on shares of CGI from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. Royal Bank of Canada reiterated an “outperform” rating and set a $178.00 price objective on shares of CGI in a research note on Monday, January 6th. Finally, StockNews.com upgraded shares of CGI from a “sell” rating to a “hold” rating in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, CGI currently has an average rating of “Buy” and a consensus target price of $153.25.

CGI 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.