Atria Investments Inc Takes $218,000 Position in CGI Inc. (NYSE:GIB)

Atria Investments Inc acquired a new position in CGI Inc. (NYSE:GIB) (TSE:GIB.A) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,893 shares of the technology company’s stock, valued at approximately $218,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Blue Trust Inc. grew its stake in CGI by 288.2% in the 3rd quarter. Blue Trust Inc. now owns 788 shares of the technology company’s stock worth $91,000 after buying an additional 585 shares in the last quarter. CWM LLC grew its position in CGI by 14.8% in the third quarter. CWM LLC now owns 1,365 shares of the technology company’s stock worth $157,000 after acquiring an additional 176 shares in the last quarter. Werba Rubin Papier Wealth Management bought a new position in CGI in the third quarter valued at $208,000. Tidal Investments LLC purchased a new stake in CGI during the first quarter valued at about $226,000. Finally, EverSource Wealth Advisors LLC lifted its stake in CGI by 9.2% during the second quarter. EverSource Wealth Advisors LLC now owns 2,055 shares of the technology company’s stock worth $205,000 after purchasing an additional 173 shares during the last quarter. 66.68% of the stock is owned by hedge funds and other institutional investors.

CGI Stock Performance

NYSE:GIB opened at $111.60 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.02 and a current ratio of 1.36. CGI Inc. has a fifty-two week low of $96.92 and a fifty-two week high of $118.89. The firm has a market cap of $25.43 billion, a PE ratio of 20.74, a price-to-earnings-growth ratio of 2.53 and a beta of 0.96. The business has a 50 day moving average price of $113.34 and a 200-day moving average price of $108.20.

CGI Announces Dividend

The company also recently declared a — dividend, which will be paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th will be given a dividend of $0.111 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a yield of 0.4%. CGI’s payout ratio is currently 8.18%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Sanford C. Bernstein raised CGI to a “strong-buy” rating in a report on Thursday, August 1st. StockNews.com raised shares of CGI from a “sell” rating to a “hold” rating in a research note on Friday, November 15th. 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 research note on Tuesday, October 15th. Finally, Cibc World Mkts upgraded shares of CGI from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 15th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $137.00.

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.