Natixis Advisors LLC Acquires 3,564 Shares of CGI Inc. (NYSE:GIB)

Natixis Advisors LLC boosted its holdings in shares of CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 18.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,165 shares of the technology company’s stock after acquiring an additional 3,564 shares during the quarter. Natixis Advisors LLC’s holdings in CGI were worth $2,663,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Janus Henderson Group PLC grew its stake in shares of CGI by 3,776.8% in the first quarter. Janus Henderson Group PLC now owns 699,798 shares of the technology company’s stock worth $77,381,000 after purchasing an additional 681,747 shares during the last quarter. Fiera Capital Corp grew its position in shares of CGI by 2.7% in the 3rd quarter. Fiera Capital Corp now owns 4,384,639 shares of the technology company’s stock valued at $505,173,000 after buying an additional 114,864 shares during the last quarter. Andra AP fonden bought a new stake in shares of CGI in the 2nd quarter valued at about $11,418,000. Dimensional Fund Advisors LP increased its stake in shares of CGI by 22.3% in the second quarter. Dimensional Fund Advisors LP now owns 625,106 shares of the technology company’s stock valued at $62,394,000 after buying an additional 113,903 shares during the period. Finally, Intact Investment Management Inc. bought a new position in shares of CGI during the second quarter worth about $11,222,000. 66.68% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GIB. StockNews.com raised shares of CGI from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. Sanford C. Bernstein raised shares of CGI to a “strong-buy” rating in a research note on Thursday, August 1st. Cibc World Mkts raised shares of CGI from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 15th. Finally, CIBC raised shares of CGI from a “neutral” rating to an “outperformer” rating and upped their price target for the company from $155.00 to $178.00 in a research report on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $137.00.

CGI Price Performance

GIB stock opened at $111.60 on Monday. CGI Inc. has a 1 year low of $96.92 and a 1 year high of $118.89. The stock has a market capitalization 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 company’s 50-day moving average is $113.34 and its 200-day moving average is $108.24. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.36 and a quick ratio of 1.02.

CGI Announces Dividend

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

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.