Lester Murray Antman dba SimplyRich Acquires 350 Shares of CGI Inc. (NYSE:GIB)

Lester Murray Antman dba SimplyRich increased its stake in shares of CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,397 shares of the technology company’s stock after acquiring an additional 350 shares during the quarter. CGI comprises approximately 0.9% of Lester Murray Antman dba SimplyRich’s holdings, making the stock its 18th largest holding. Lester Murray Antman dba SimplyRich’s holdings in CGI were worth $3,323,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Canoe Financial LP acquired a new stake in shares of CGI during the 4th quarter worth approximately $94,390,000. National Bank of Canada FI lifted its position in CGI by 23.6% in the third quarter. National Bank of Canada FI now owns 4,513,733 shares of the technology company’s stock worth $519,072,000 after purchasing an additional 861,771 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in CGI by 68.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,368,822 shares of the technology company’s stock worth $157,485,000 after buying an additional 555,017 shares in the last quarter. Barclays PLC increased its holdings in CGI by 182.6% in the 3rd quarter. Barclays PLC now owns 476,758 shares of the technology company’s stock valued at $54,808,000 after buying an additional 308,040 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in shares of CGI by 1.4% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 16,290,487 shares of the technology company’s stock valued at $1,876,550,000 after buying an additional 230,000 shares in the last quarter. 66.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GIB. Jefferies Financial Group lowered their target price 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. UBS Group upped their price objective on CGI from $118.00 to $122.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. StockNews.com upgraded CGI from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. CIBC raised CGI from a “neutral” rating to an “outperformer” rating and boosted their price target for the company from $155.00 to $178.00 in a research note on Tuesday, October 15th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $178.00 price objective on shares of CGI in a research note on Monday, January 6th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, CGI has a consensus rating of “Buy” and an average price target of $153.25.

CGI Stock Performance

NYSE:GIB opened at $120.85 on Wednesday. The stock has a market capitalization of $27.40 billion, a P/E ratio of 21.85, a price-to-earnings-growth ratio of 2.62 and a beta of 0.94. CGI Inc. has a 1 year low of $96.92 and a 1 year high of $121.55. The firm has a 50 day moving average of $111.90 and a 200-day moving average of $111.98. 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 (NYSE:GIB) (TSE:GIB.A) last issued its quarterly earnings data on Wednesday, January 29th. The technology company reported $1.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.41. CGI had a return on equity of 19.32% and a net margin of 11.72%. As a group, sell-side analysts anticipate that CGI Inc. will post 5.79 EPS for the current fiscal year.

CGI Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 14th will be issued a dividend of $0.1039 per share. This represents a $0.42 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend is Friday, February 14th. CGI’s dividend payout ratio is currently 8.32%.

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.