CGI Inc. (NYSE:GIB) Position Increased by Lester Murray Antman dba SimplyRich

Lester Murray Antman dba SimplyRich increased its position in shares of CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,397 shares of the technology company’s stock after acquiring an additional 350 shares during the quarter. CGI accounts for about 0.9% of Lester Murray Antman dba SimplyRich’s holdings, making the stock its 18th largest position. Lester Murray Antman dba SimplyRich’s holdings in CGI were worth $3,323,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in GIB. Wilmington Savings Fund Society FSB acquired a new stake in CGI during the 3rd quarter worth about $28,000. Blue Trust Inc. grew 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 purchasing an additional 585 shares in the last quarter. CWM LLC increased its stake in CGI by 14.8% in the 3rd quarter. CWM LLC now owns 1,365 shares of the technology company’s stock valued at $157,000 after buying an additional 176 shares during the period. Werba Rubin Papier Wealth Management acquired a new position in CGI in the 3rd quarter valued at approximately $208,000. Finally, Thrivent Financial for Lutherans purchased a new stake in CGI in the 3rd quarter worth approximately $209,000. Hedge funds and other institutional investors own 66.68% of the company’s stock.

CGI Stock Performance

GIB opened at $120.85 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.04 and a current ratio of 1.31. The company has a market cap of $27.40 billion, a PE ratio of 21.85, a price-to-earnings-growth ratio of 2.62 and a beta of 0.94. The stock has a 50-day moving average of $111.90 and a 200-day moving average of $111.98. CGI Inc. has a 52-week low of $96.92 and a 52-week high of $121.55.

CGI (NYSE:GIB) (TSE:GIB.A) last announced its earnings results 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 return on equity of 19.32% and a net margin of 11.72%. As a group, equities research analysts forecast that CGI Inc. will post 5.79 earnings per share for the current fiscal year.

CGI Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 14th will be paid a $0.1039 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.42 dividend on an annualized basis and a yield of 0.34%. CGI’s payout ratio is presently 8.32%.

Analyst Ratings Changes

GIB has been the topic of a number of research reports. StockNews.com raised shares of CGI from a “sell” rating to a “hold” rating in a research note on Friday, November 15th. UBS Group upped their target price on CGI from $118.00 to $122.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Cibc World Mkts upgraded CGI from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 15th. Royal Bank of Canada restated an “outperform” rating and issued a $178.00 price objective on shares of CGI in a report on Monday, January 6th. Finally, CIBC upgraded shares of CGI from a “neutral” rating to an “outperformer” rating and lifted their target price for the company from $155.00 to $178.00 in a research note on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, CGI presently has a consensus rating of “Buy” and an average 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.