APG Asset Management N.V. Has $18.24 Million Stock Position in CGI Inc. (NYSE:GIB)

APG Asset Management N.V. increased its position in shares of CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 142.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 172,696 shares of the technology company's stock after purchasing an additional 101,434 shares during the quarter. APG Asset Management N.V. owned 0.08% of CGI worth $18,238,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of CGI during the 3rd quarter worth approximately $28,000. Sierra Ocean LLC bought a new position in CGI in the fourth quarter valued at about $62,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in CGI during the fourth quarter worth about $83,000. Hoey Investments Inc. bought a new position in shares of CGI in the fourth quarter worth about $99,000. Finally, Blue Trust Inc. boosted its stake 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 valued at $134,000 after purchasing an additional 375 shares in the last quarter. 66.68% of the stock is currently owned by institutional investors and hedge funds.

CGI Trading Down 0.3 %

Shares of GIB stock traded down $0.29 during trading hours on Tuesday, hitting $102.77. 73,448 shares of the company's stock traded hands, compared to its average volume of 195,150. The stock has a market cap of $23.30 billion, a PE ratio of 18.58, a price-to-earnings-growth ratio of 2.58 and a beta of 0.85. The stock's 50 day simple moving average is $106.43 and its 200 day simple moving average is $110.18. 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 12 month low of $92.85 and a 12 month high of $122.79.

CGI (NYSE:GIB - Get Free Report) TSE: GIB.A last released its quarterly earnings results on Wednesday, January 29th. The technology company reported $1.41 EPS for the quarter, meeting analysts' consensus estimates of $1.41. CGI had a return on equity of 19.32% and a net margin of 11.72%. On average, sell-side analysts anticipate that CGI Inc. will post 5.79 EPS for the current year.

CGI Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 14th were given a dividend of $0.1039 per share. This represents a $0.42 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend was Friday, February 14th. CGI's dividend payout ratio is presently 7.41%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GIB. UBS Group upped their price objective on shares of CGI from $118.00 to $122.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Jefferies Financial Group lowered their price target on shares of CGI from $140.00 to $135.00 and set a "buy" rating for the company in a report on Tuesday, January 21st. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $192.00 price objective on shares of CGI in a report on Wednesday, March 26th. Two investment 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 currently has an average rating of "Buy" and a consensus price target of $156.75.

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.