CGI Inc. (NYSE:GIB) Shares Purchased by Rempart Asset Management Inc.

Rempart Asset Management Inc. raised its holdings in CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 188,280 shares of the technology company’s stock after buying an additional 1,015 shares during the period. CGI makes up approximately 4.1% of Rempart Asset Management Inc.’s portfolio, making the stock its 12th largest position. Rempart Asset Management Inc. owned 0.08% of CGI worth $20,554,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GIB. National Bank of Canada FI lifted its stake 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 acquiring an additional 861,771 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in CGI by 68.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,368,822 shares of the technology company’s stock valued at $157,485,000 after acquiring an additional 555,017 shares during the last quarter. Barclays PLC lifted its holdings in shares of CGI by 182.6% during the third quarter. Barclays PLC now owns 476,758 shares of the technology company’s stock worth $54,808,000 after purchasing an additional 308,040 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of CGI by 1.4% in the third 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 acquiring an additional 230,000 shares in the last quarter. Finally, Fiera Capital Corp boosted its holdings in 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 purchasing an additional 114,864 shares in the last quarter. 66.68% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GIB has been the topic of a number of recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $178.00 price target on shares of CGI in a research note on Monday. Cibc World Mkts upgraded CGI from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 15th. CIBC raised shares of CGI from a “neutral” rating to an “outperformer” rating and lifted their target price for the stock from $155.00 to $178.00 in a research note on Tuesday, October 15th. Finally, StockNews.com upgraded CGI from a “sell” rating to a “hold” rating in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $147.25.

CGI Trading Down 0.5 %

GIB stock traded down $0.58 on Wednesday, hitting $107.68. 26,015 shares of the company were exchanged, compared to its average volume of 116,663. The stock has a market capitalization of $24.54 billion, a price-to-earnings ratio of 20.01, a price-to-earnings-growth ratio of 2.55 and a beta of 0.95. The business’s fifty day moving average is $111.06 and its two-hundred day moving average is $110.37. CGI Inc. has a twelve month low of $96.92 and a twelve month high of $118.89. 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 Dividend Announcement

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

CGI 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.