CGI Inc. (NYSE:GIB) is Henry James International Management Inc.’s 10th Largest Position

Henry James International Management Inc. reduced its stake in CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 7.5% during the third quarter, according to its most recent filing with the SEC. The fund owned 75,824 shares of the technology company’s stock after selling 6,186 shares during the quarter. CGI accounts for approximately 3.0% of Henry James International Management Inc.’s portfolio, making the stock its 10th largest holding. Henry James International Management Inc.’s holdings in CGI were worth $8,717,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in GIB. Blue Trust Inc. increased its position in CGI by 288.2% in the third quarter. Blue Trust Inc. now owns 788 shares of the technology company’s stock worth $91,000 after buying an additional 585 shares during the last quarter. CWM LLC grew its stake 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 acquiring an additional 176 shares during the period. EverSource Wealth Advisors LLC increased its holdings in CGI by 9.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,055 shares of the technology company’s stock worth $205,000 after acquiring an additional 173 shares during the last quarter. Werba Rubin Papier Wealth Management bought a new stake in CGI in the 3rd quarter valued at about $208,000. Finally, Tidal Investments LLC purchased a new stake in CGI during the first quarter valued at about $226,000. Hedge funds and other institutional investors own 66.68% of the company’s stock.

Wall Street Analysts Forecast Growth

GIB has been the topic of several recent research reports. Sanford C. Bernstein raised shares of CGI to a “strong-buy” rating in a report on Thursday, August 1st. CIBC raised shares of CGI from a “neutral” rating to an “outperformer” rating and upped their price objective for the company from $155.00 to $178.00 in a report on Tuesday, October 15th. UBS Group initiated coverage on shares of CGI in a report on Friday, July 19th. They set a “neutral” rating and a $112.00 price objective on the stock. Jefferies Financial Group upped their price objective on shares of CGI from $120.00 to $121.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Finally, Cibc World Mkts raised shares of CGI from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 15th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $137.00.

CGI Trading Up 0.7 %

Shares of CGI stock opened at $111.45 on Monday. CGI Inc. has a 12-month low of $96.92 and a 12-month high of $118.89. The company has a market cap of $25.40 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 2.34 and a beta of 0.96. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.22. The company’s 50-day moving average price is $113.86 and its 200-day moving average price is $107.42.

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.