Nicola Wealth Management LTD. Sells 4,400 Shares of CGI Inc. (NYSE:GIB)

Nicola Wealth Management LTD. lowered its position in shares of CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 3.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 134,500 shares of the technology company’s stock after selling 4,400 shares during the quarter. Nicola Wealth Management LTD. owned about 0.06% of CGI worth $15,462,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Blue Trust Inc. boosted its position in CGI by 288.2% during the third quarter. Blue Trust Inc. now owns 788 shares of the technology company’s stock valued at $91,000 after acquiring an additional 585 shares during the last quarter. CWM LLC boosted its position in shares of CGI by 14.8% during the 3rd quarter. CWM LLC now owns 1,365 shares of the technology company’s stock worth $157,000 after purchasing an additional 176 shares in the last quarter. Werba Rubin Papier Wealth Management bought a new position in shares of CGI during the 3rd quarter worth about $208,000. Atria Investments Inc bought a new position in shares of CGI during the 3rd quarter worth about $218,000. Finally, Tidal Investments LLC bought a new position in shares of CGI during the 1st quarter worth about $226,000. Institutional investors own 66.68% of the company’s stock.

CGI Stock Down 0.2 %

Shares of GIB traded down $0.27 on Thursday, reaching $111.86. The company’s stock had a trading volume of 22,210 shares, compared to its average volume of 147,976. The company has a current ratio of 1.36, a quick ratio of 1.02 and a debt-to-equity ratio of 0.29. CGI Inc. has a twelve month low of $96.92 and a twelve month high of $118.89. The stock has a market capitalization of $25.49 billion, a PE ratio of 20.85, a PEG ratio of 2.37 and a beta of 0.96. The firm has a fifty day moving average of $113.93 and a 200-day moving average of $107.84.

CGI Dividend Announcement

The firm also recently announced a — dividend, which will be paid on Friday, December 20th. Investors of record on Wednesday, November 20th will be issued a $0.111 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a dividend yield of 0.4%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GIB. UBS Group began coverage on shares of CGI in a research report on Friday, July 19th. They set a “neutral” rating and a $112.00 price objective on the stock. Sanford C. Bernstein raised shares of CGI to a “strong-buy” rating in a research report on Thursday, August 1st. StockNews.com cut shares of CGI from a “hold” rating to a “sell” rating in a research report on Thursday, November 7th. Cibc World Mkts raised shares of CGI from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 15th. Finally, CIBC raised shares of CGI from a “neutral” rating to an “outperformer” rating and increased their price objective for the stock from $155.00 to $178.00 in a research report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $137.00.

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.