Cwm LLC Increases Stock Holdings in CGI Inc. (NYSE:GIB)

Cwm LLC lifted its position in CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 19.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,185 shares of the technology company’s stock after buying an additional 190 shares during the quarter. Cwm LLC’s holdings in CGI were worth $131,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. HighPoint Advisor Group LLC purchased a new stake in shares of CGI in the fourth quarter worth about $398,000. Wellington Management Group LLP lifted its holdings in shares of CGI by 44.0% in the fourth quarter. Wellington Management Group LLP now owns 62,684 shares of the technology company’s stock worth $6,748,000 after buying an additional 19,141 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of CGI by 54.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 735,174 shares of the technology company’s stock worth $78,818,000 after buying an additional 258,651 shares in the last quarter. Aspect Partners LLC purchased a new stake in shares of CGI in the fourth quarter worth about $727,000. Finally, Barometer Capital Management Inc. purchased a new stake in shares of CGI in the fourth quarter worth about $729,000. 66.68% of the stock is owned by hedge funds and other institutional investors.

CGI Trading Down 0.7 %

Shares of GIB opened at $99.18 on Monday. CGI Inc. has a fifty-two week low of $93.07 and a fifty-two week high of $118.89. The firm has a market cap of $22.89 billion, a price-to-earnings ratio of 19.11, a PEG ratio of 2.31 and a beta of 0.95. The firm has a 50 day moving average price of $102.22 and a 200-day moving average price of $107.43. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.86 and a current ratio of 1.17.

CGI (NYSE:GIB) (TSE:GIB.A) last posted its quarterly earnings results on Wednesday, May 1st. The technology company reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.02. CGI had a net margin of 11.38% and a return on equity of 20.43%. The business had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.79 billion. As a group, equities research analysts forecast that CGI Inc. will post 5.57 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on GIB. TD Securities raised shares of CGI from a “hold” rating to a “buy” rating in a research note on Thursday, May 2nd. CIBC downgraded shares of CGI from a “sector outperform” rating to a “neutral” rating in a research note on Friday. Finally, StockNews.com downgraded shares of CGI from a “buy” rating to a “hold” rating in a research note on Monday, March 11th.

About CGI

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.