Guardian Partners Inc. Takes Position in CGI Inc. (NYSE:GIB)

Guardian Partners Inc. acquired a new stake in CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 13,846 shares of the technology company's stock, valued at approximately $1,511,000.

Other hedge funds have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of CGI in the third quarter valued at approximately $28,000. Sierra Ocean LLC bought a new stake in CGI during the 4th quarter valued at $62,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in CGI during the 4th quarter valued at $83,000. Blue Trust Inc. lifted its holdings in shares of CGI by 47.6% in 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, Olympiad Research LP bought a new position in shares of CGI during the 4th quarter worth $203,000. 66.68% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on GIB. Royal Bank of Canada restated an "outperform" rating and issued a $192.00 price objective on shares of CGI in a report on Wednesday. UBS Group boosted their price target on shares of CGI from $118.00 to $122.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. Finally, Jefferies Financial Group dropped 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. 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $156.75.

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CGI Stock Down 0.8 %

Shares of CGI stock traded down $0.81 on Thursday, reaching $99.38. The stock had a trading volume of 197,149 shares, compared to its average volume of 179,123. The company has a 50 day moving average price of $110.52 and a 200 day moving average price of $111.65. The stock has a market capitalization of $22.53 billion, a P/E ratio of 17.97, 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. CGI Inc. has a 1 year low of $96.92 and a 1 year high of $122.79.

CGI (NYSE:GIB - Get Free Report) TSE: GIB.A last issued its quarterly 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%. As a group, equities research analysts forecast that CGI Inc. will post 5.79 EPS for the current year.

CGI Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders 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 annualized dividend and a dividend yield of 0.42%. CGI's payout ratio is currently 7.41%.

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.