CGI Inc. (NYSE:GIB) Shares Sold by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC cut its holdings in CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 75,319 shares of the technology company’s stock after selling 1,054 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in CGI were worth $8,233,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Thrivent Financial for Lutherans bought a new stake in shares of CGI in the 3rd quarter worth approximately $209,000. Cerity Partners LLC increased its holdings in shares of CGI by 60.2% in the third quarter. Cerity Partners LLC now owns 7,379 shares of the technology company’s stock valued at $848,000 after buying an additional 2,772 shares in the last quarter. Townsquare Capital LLC acquired a new stake in shares of CGI during the 3rd quarter valued at $281,000. Glenmede Trust Co. NA acquired a new stake in shares of CGI during the 3rd quarter valued at $273,000. Finally, Verition Fund Management LLC bought a new stake in shares of CGI during the 3rd quarter worth $307,000. 66.68% of the stock is owned by institutional investors and hedge funds.

CGI Trading Up 1.0 %

Shares of NYSE GIB opened at $100.83 on Wednesday. The company has a current ratio of 1.31, a quick ratio of 1.04 and a debt-to-equity ratio of 0.28. CGI Inc. has a one year low of $96.75 and a one year high of $122.79. The business has a 50-day moving average price of $109.94 and a two-hundred day moving average price of $111.29. The firm has a market capitalization of $22.86 billion, a PE ratio of 18.23, a PEG ratio of 2.58 and a beta of 0.96.

CGI (NYSE:GIB) (TSE:GIB.A) last posted its quarterly earnings results on Wednesday, January 29th. The technology company reported $1.41 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, analysts predict that CGI Inc. will post 5.79 earnings per share for the current fiscal year.

CGI Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 14th were issued a dividend of $0.1039 per share. This represents a $0.42 annualized dividend and a dividend yield of 0.41%. The ex-dividend date was Friday, February 14th. CGI’s dividend payout ratio is currently 7.41%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GIB. Royal Bank of Canada reaffirmed an “outperform” rating and set a $192.00 target price on shares of CGI in a research report on Wednesday, March 26th. UBS Group upped their price objective 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. Finally, Jefferies Financial Group dropped their target price on shares of CGI from $140.00 to $135.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, CGI has a consensus rating of “Buy” and a consensus target price 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.