Bank of Montreal Can Grows Holdings in CGI Inc. (NYSE:GIB)

Bank of Montreal Can boosted its position in CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 17.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,843,289 shares of the technology company's stock after buying an additional 567,868 shares during the period. Bank of Montreal Can owned approximately 1.70% of CGI worth $419,976,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of CGI during the third quarter worth about $28,000. Sierra Ocean LLC acquired a new stake in shares of CGI in the 4th quarter valued at approximately $62,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of CGI in the 4th quarter valued at approximately $83,000. Hoey Investments Inc. purchased a new position in CGI in the fourth quarter worth $99,000. Finally, Blue Trust Inc. lifted its holdings in CGI by 47.6% in the fourth quarter. Blue Trust Inc. now owns 1,163 shares of the technology company's stock valued at $134,000 after acquiring an additional 375 shares during the period. Hedge funds and other institutional investors own 66.68% of the company's stock.

Analyst Ratings Changes

GIB has been the subject of several recent analyst reports. UBS Group raised their price objective on shares of CGI from $118.00 to $122.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $192.00 target price on shares of CGI in a research note on Wednesday, March 26th. Finally, Jefferies Financial Group dropped their price target on CGI from $140.00 to $135.00 and set a "buy" rating for the company in a research report on Tuesday, January 21st. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $156.75.

CGI Trading Up 3.9 %

GIB traded up $3.82 during trading on Friday, hitting $102.03. The company's stock had a trading volume of 410,298 shares, compared to its average volume of 195,299. CGI Inc. has a twelve month low of $92.85 and a twelve month high of $122.79. The stock has a market cap of $23.13 billion, a PE ratio of 18.45, a PEG ratio of 2.58 and a beta of 0.85. The firm's 50 day moving average price is $106.77 and its 200-day moving average price is $110.30. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.31 and a quick ratio of 1.04.

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

CGI Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 14th were given a dividend of $0.1039 per share. This represents a $0.42 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend was Friday, February 14th. CGI's dividend payout ratio (DPR) is presently 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.