CGI Inc. (NYSE:GIB) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. increased its position in shares of CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 47.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,163 shares of the technology company’s stock after buying an additional 375 shares during the quarter. Blue Trust Inc.’s holdings in CGI were worth $134,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in GIB. Cubist Systematic Strategies LLC acquired a new position in shares of CGI in the 2nd quarter valued at $2,907,000. CWM LLC boosted its stake in CGI by 14.8% during the third quarter. CWM LLC now owns 1,365 shares of the technology company’s stock worth $157,000 after buying an additional 176 shares during the period. Creative Planning increased its position in shares of CGI by 16.1% during the third quarter. Creative Planning now owns 25,179 shares of the technology company’s stock valued at $2,895,000 after acquiring an additional 3,490 shares during the last quarter. Walter Public Investments Inc. raised its stake in shares of CGI by 10.5% in the 3rd quarter. Walter Public Investments Inc. now owns 227,796 shares of the technology company’s stock valued at $26,194,000 after acquiring an additional 21,582 shares during the period. Finally, Net Worth Advisory Group acquired a new position in shares of CGI in the 3rd quarter worth approximately $467,000. 66.68% of the stock is currently owned by institutional investors and hedge funds.

CGI Price Performance

CGI stock opened at $120.15 on Thursday. The stock has a market cap of $27.24 billion, a P/E ratio of 21.73, a price-to-earnings-growth ratio of 2.59 and a beta of 0.94. The company has a fifty day simple moving average of $111.32 and a 200-day simple moving average of $111.64. The company has a current ratio of 1.31, a quick ratio of 1.04 and a debt-to-equity ratio of 0.28. CGI Inc. has a 12-month low of $96.92 and a 12-month high of $121.55.

CGI (NYSE:GIB) (TSE:GIB.A) last announced its quarterly earnings results on Wednesday, January 29th. The technology company reported $1.41 EPS for the quarter, meeting the consensus estimate of $1.41. CGI had a net margin of 11.72% and a return on equity of 19.32%. Equities analysts expect that CGI Inc. will post 5.79 EPS for the current fiscal year.

CGI Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 14th will be issued a $0.1039 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.35%. CGI’s payout ratio is 7.41%.

Wall Street Analysts Forecast Growth

GIB has been the subject of several research reports. CIBC upgraded shares of CGI from a “neutral” rating to an “outperformer” rating and lifted their target price for the company from $155.00 to $178.00 in a report on Tuesday, October 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $178.00 price objective on shares of CGI in a research note on Monday, January 6th. Jefferies Financial Group dropped their target price on CGI from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. StockNews.com raised shares of CGI from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. Finally, Cibc World Mkts upgraded shares of CGI from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $153.25.

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.