UniSuper Management Pty Ltd Has $426,000 Position in CGI Inc. (NYSE:GIB)

UniSuper Management Pty Ltd cut its holdings in shares of CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 36.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,900 shares of the technology company’s stock after selling 2,240 shares during the period. UniSuper Management Pty Ltd’s holdings in CGI were worth $426,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Canoe Financial LP bought a new position in CGI during the 4th quarter worth $94,390,000. National Bank of Canada FI increased its stake in shares of CGI by 23.6% in the third quarter. National Bank of Canada FI now owns 4,513,733 shares of the technology company’s stock valued at $519,072,000 after buying an additional 861,771 shares during the period. Barclays PLC raised its position in shares of CGI by 182.6% during the third quarter. Barclays PLC now owns 476,758 shares of the technology company’s stock worth $54,808,000 after acquiring an additional 308,040 shares during the last quarter. Mufg Securities Canada LTD. lifted its stake in shares of CGI by 72.1% in the fourth quarter. Mufg Securities Canada LTD. now owns 311,295 shares of the technology company’s stock worth $34,038,000 after acquiring an additional 130,379 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in CGI by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 7,942,779 shares of the technology company’s stock valued at $869,067,000 after acquiring an additional 128,285 shares during the last quarter. 66.68% of the stock is owned by institutional investors.

CGI Stock Up 1.8 %

Shares of NYSE GIB opened at $99.89 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.31 and a debt-to-equity ratio of 0.28. The firm has a market cap of $22.65 billion, a PE ratio of 18.06, a P/E/G ratio of 2.58 and a beta of 0.96. The company’s fifty day simple moving average is $110.14 and its 200 day simple moving average is $111.40. CGI Inc. has a 12-month low of $96.75 and a 12-month high of $122.79.

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

CGI Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 14th were paid a $0.1039 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.42 dividend on an annualized basis and a yield of 0.42%. CGI’s dividend payout ratio (DPR) is presently 7.41%.

Wall Street Analysts Forecast Growth

GIB has been the subject of several analyst reports. Jefferies Financial Group lowered their price target on shares of CGI from $140.00 to $135.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. UBS Group boosted their target price on shares of CGI from $118.00 to $122.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $192.00 price target on shares of CGI in a report on Wednesday, March 26th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, CGI presently has an average rating of “Buy” and a consensus price target of $156.75.

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.