Park Avenue Securities LLC Has $603,000 Stock Holdings in CGI Inc. (NYSE:GIB)

Park Avenue Securities LLC increased its position in CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 14.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,461 shares of the technology company’s stock after buying an additional 687 shares during the quarter. Park Avenue Securities LLC’s holdings in CGI were worth $603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in GIB. Hexagon Capital Partners LLC increased its position in CGI by 297.1% in the 4th quarter. Hexagon Capital Partners LLC now owns 270 shares of the technology company’s stock valued at $29,000 after acquiring an additional 202 shares during the period. CWM LLC raised its position in CGI by 19.1% during the 1st quarter. CWM LLC now owns 1,185 shares of the technology company’s stock worth $131,000 after purchasing an additional 190 shares during the last quarter. Tritonpoint Wealth LLC bought a new position in CGI during the 4th quarter worth $205,000. EverSource Wealth Advisors LLC lifted its holdings in CGI by 41.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,978 shares of the technology company’s stock worth $212,000 after buying an additional 579 shares during the period. Finally, Western Wealth Management LLC bought a new stake in shares of CGI in the 4th quarter valued at about $214,000. Institutional investors own 66.68% of the company’s stock.

CGI Trading Up 0.1 %

NYSE GIB opened at $100.34 on Friday. The stock has a market capitalization of $23.16 billion, a P/E ratio of 19.34, a P/E/G ratio of 2.36 and a beta of 0.95. The business has a 50 day simple moving average of $102.03 and a 200 day simple moving average of $107.33. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.17 and a quick ratio of 0.86. CGI Inc. has a one year low of $93.07 and a one year high of $118.89.

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on GIB. CIBC lowered CGI from a “sector outperform” rating to a “neutral” rating in a research note on Friday, June 21st. TD Securities raised shares of CGI from a “hold” rating to a “buy” rating in a research note on Thursday, May 2nd. 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.