13,846 Shares in CGI Inc. (NYSE:GIB) Purchased by Guardian Partners Inc.

Guardian Partners Inc. bought a new stake in shares of CGI Inc. (NYSE:GIB) (TSE:GIB.A) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 13,846 shares of the technology company’s stock, valued at approximately $1,511,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in 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 acquiring an additional 79,362 shares in the last quarter. Barclays PLC grew its stake in CGI by 182.6% during the 3rd quarter. Barclays PLC now owns 476,758 shares of the technology company’s stock valued at $54,808,000 after acquiring an additional 308,040 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in CGI by 4.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 560,159 shares of the technology company’s stock valued at $64,518,000 after acquiring an additional 21,427 shares in the last quarter. Blue Trust Inc. grew its stake in CGI by 47.6% during the 4th quarter. Blue Trust Inc. now owns 1,163 shares of the technology company’s stock valued at $134,000 after acquiring an additional 375 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in CGI by 21.1% during the 3rd quarter. Wellington Management Group LLP now owns 96,516 shares of the technology company’s stock valued at $11,118,000 after acquiring an additional 16,844 shares in the last quarter. Hedge funds and other institutional investors own 66.68% of the company’s stock.

CGI Stock Up 0.1 %

Shares of CGI stock opened at $98.80 on Friday. The stock has a market capitalization of $22.40 billion, a P/E ratio of 17.87, a PEG ratio of 2.58 and a beta of 0.96. 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 stock has a 50 day moving average price of $111.15 and a two-hundred day moving average price of $111.99. CGI Inc. has a 12-month low of $96.92 and a 12-month high of $122.79.

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%. Equities analysts expect that CGI Inc. will post 5.79 earnings per share for the current year.

CGI Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 14th were given a dividend of $0.1039 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.42 dividend on an annualized basis and a yield of 0.42%. CGI’s payout ratio is currently 7.41%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $178.00 target price on shares of CGI in a research note on Monday, January 6th. UBS Group boosted their price target on CGI from $118.00 to $122.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Finally, Jefferies Financial Group lowered their price target on CGI from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Two 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 company’s stock. According to data from MarketBeat, CGI currently has an average rating of “Buy” and a consensus price target of $153.25.

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.