CGI Inc. (NYSE:GIB) Shares Bought by Aviso Financial Inc.

Aviso Financial Inc. boosted its holdings in shares of CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 591,594 shares of the technology company's stock after purchasing an additional 17,421 shares during the quarter. CGI comprises about 3.3% of Aviso Financial Inc.'s investment portfolio, making the stock its 10th largest position. Aviso Financial Inc. owned about 0.26% of CGI worth $64,714,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Atria Investments Inc purchased a new stake in shares of CGI during the 3rd quarter valued at about $218,000. Versor Investments LP lifted its stake in shares of CGI by 35.2% in the 3rd quarter. Versor Investments LP now owns 4,599 shares of the technology company's stock valued at $529,000 after purchasing an additional 1,197 shares during the last quarter. Metis Global Partners LLC boosted its holdings in shares of CGI by 12.7% in the 3rd quarter. Metis Global Partners LLC now owns 10,426 shares of the technology company's stock worth $1,200,000 after purchasing an additional 1,171 shares during the period. Natixis Advisors LLC increased its position in shares of CGI by 18.2% during the 3rd quarter. Natixis Advisors LLC now owns 23,165 shares of the technology company's stock valued at $2,663,000 after purchasing an additional 3,564 shares during the last quarter. Finally, Thrivent Financial for Lutherans bought a new position in shares of CGI during the 3rd quarter valued at approximately $209,000. Institutional investors own 66.68% of the company's stock.

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CGI Trading Down 0.8 %

Shares of CGI stock traded down $0.87 on Tuesday, hitting $103.29. 252,929 shares of the company traded hands, compared to its average volume of 175,318. CGI Inc. has a 52 week low of $96.92 and a 52 week high of $122.79. The company has a market cap of $23.42 billion, a PE ratio of 18.68, a PEG ratio of 2.58 and a beta of 0.96. The stock's 50 day moving average price is $111.76 and its 200-day moving average price is $112.31. 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 - Get Free Report) TSE: GIB.A last issued its 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%. Equities research analysts predict that CGI Inc. will post 5.79 EPS for the current year.

CGI Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 14th will be issued a $0.1039 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.42 annualized dividend and a dividend yield of 0.40%. CGI's dividend payout ratio is currently 7.41%.

Wall Street Analysts Forecast Growth

GIB has been the subject of several recent analyst reports. Jefferies Financial Group dropped their price objective on shares of CGI from $140.00 to $135.00 and set a "buy" rating for the company in a research note on Tuesday, January 21st. Royal Bank of Canada reissued an "outperform" rating and issued a $178.00 price objective on shares of CGI in a research report on Monday, January 6th. Finally, UBS Group boosted their target price on CGI from $118.00 to $122.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. 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 company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $153.25.

About CGI

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.