HighTower Advisors LLC Has $432,000 Stock Holdings in CGI Inc. (NYSE:GIB)

HighTower Advisors LLC reduced its position in CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 50.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,947 shares of the technology company’s stock after selling 4,085 shares during the period. HighTower Advisors LLC’s holdings in CGI were worth $432,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new position in CGI in the third quarter valued at about $28,000. Sierra Ocean LLC bought a new position in shares of CGI in the 4th quarter valued at about $62,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of CGI during the 4th quarter worth approximately $83,000. Blue Trust Inc. grew its position in shares of CGI by 47.6% during the 4th quarter. Blue Trust Inc. now owns 1,163 shares of the technology company’s stock worth $134,000 after buying an additional 375 shares during the period. Finally, Thrivent Financial for Lutherans bought a new stake in shares of CGI during the third quarter worth approximately $209,000. Institutional investors own 66.68% of the company’s stock.

CGI Trading Up 1.8 %

Shares of NYSE GIB opened at $99.89 on Tuesday. CGI Inc. has a twelve month low of $96.75 and a twelve month high of $122.79. The stock has a market cap of $22.65 billion, a price-to-earnings ratio of 18.06, a P/E/G ratio of 2.58 and a beta of 0.96. The company has a quick ratio of 1.04, a current ratio of 1.31 and a debt-to-equity ratio of 0.28. The company’s fifty day moving average is $110.14 and its 200-day moving average is $111.40.

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

CGI Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 14th were paid a dividend of $0.1039 per share. The ex-dividend date was Friday, February 14th. This represents a $0.42 dividend on an annualized basis and a yield of 0.42%. CGI’s payout ratio is 7.41%.

Analyst Ratings Changes

A number of equities analysts have issued reports on GIB shares. Jefferies Financial Group reduced their price objective on shares of CGI from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. Royal Bank of Canada restated an “outperform” rating and issued a $192.00 price target on shares of CGI in a research report on Wednesday, March 26th. Finally, UBS Group upped their price objective on CGI from $118.00 to $122.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $156.75.

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.