Aigen Investment Management LP trimmed its holdings in CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 86.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,752 shares of the technology company's stock after selling 10,904 shares during the period. Aigen Investment Management LP's holdings in CGI were worth $201,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its holdings in shares of CGI by 3,776.8% in the 1st quarter. Janus Henderson Group PLC now owns 699,798 shares of the technology company's stock worth $77,381,000 after acquiring an additional 681,747 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of CGI by 9,135.3% during the first quarter. Bessemer Group Inc. now owns 126,986 shares of the technology company's stock worth $14,011,000 after buying an additional 125,611 shares during the period. Fiera Capital Corp grew its stake in shares of CGI by 2.7% in the third quarter. Fiera Capital Corp now owns 4,384,639 shares of the technology company's stock valued at $505,173,000 after buying an additional 114,864 shares in the last quarter. Andra AP fonden purchased a new stake in shares of CGI in the 2nd quarter valued at $11,418,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of CGI by 22.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 625,106 shares of the technology company's stock valued at $62,394,000 after buying an additional 113,903 shares during the period. Institutional investors and hedge funds own 66.68% of the company's stock.
CGI Stock Up 0.3 %
Shares of NYSE:GIB traded up $0.31 during trading hours on Friday, reaching $107.39. The stock had a trading volume of 178,429 shares, compared to its average volume of 151,075. CGI Inc. has a 1 year low of $96.92 and a 1 year high of $118.89. The firm's 50 day moving average is $113.74 and its 200-day moving average is $107.98. The stock has a market capitalization of $24.48 billion, a price-to-earnings ratio of 19.96, a P/E/G ratio of 2.27 and a beta of 0.96. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.02 and a current ratio of 1.36.
CGI Announces Dividend
The firm also recently declared a -- dividend, which will be paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th will be paid a $0.111 dividend. This represents a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, November 20th.
Analyst Ratings Changes
A number of analysts have issued reports on GIB shares. Cibc World Mkts upgraded shares of CGI from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 15th. CIBC upgraded shares of CGI from a "neutral" rating to an "outperformer" rating and increased their target price for the stock from $155.00 to $178.00 in a report on Tuesday, October 15th. Sanford C. Bernstein upgraded shares of CGI to a "strong-buy" rating in a research note on Thursday, August 1st. Finally, StockNews.com upgraded CGI from a "sell" rating to a "hold" rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $137.00.
View Our Latest Analysis on GIB
CGI Company Profile
(
Free Report)
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.
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