CGI Inc. (NYSE:GIB) Shares Bought by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 55.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 200,361 shares of the technology company's stock after purchasing an additional 71,576 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.09% of CGI worth $23,034,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GIB. Blue Trust Inc. increased its position in CGI by 288.2% during the third quarter. Blue Trust Inc. now owns 788 shares of the technology company's stock valued at $91,000 after acquiring an additional 585 shares during the last quarter. CWM LLC grew its position in shares of CGI by 14.8% during the third quarter. CWM LLC now owns 1,365 shares of the technology company's stock worth $157,000 after purchasing an additional 176 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of CGI by 9.2% during the second quarter. EverSource Wealth Advisors LLC now owns 2,055 shares of the technology company's stock worth $205,000 after purchasing an additional 173 shares in the last quarter. Werba Rubin Papier Wealth Management bought a new stake in shares of CGI in the 3rd quarter valued at approximately $208,000. Finally, Thrivent Financial for Lutherans bought a new stake in shares of CGI in the 3rd quarter valued at approximately $209,000. 66.68% of the stock is owned by hedge funds and other institutional investors.

CGI Stock Performance

GIB stock traded down $0.37 during trading on Friday, reaching $111.60. The company had a trading volume of 121,332 shares, compared to its average volume of 173,059. CGI Inc. has a twelve month low of $96.92 and a twelve month high of $118.89. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.02 and a current ratio of 1.36. The company has a market cap of $25.43 billion, a price-to-earnings ratio of 20.75, a price-to-earnings-growth ratio of 2.53 and a beta of 0.96. The firm has a 50-day simple moving average of $113.34 and a 200-day simple moving average of $108.17.

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 given a dividend of $0.111 per share. This represents a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, November 20th. CGI's dividend payout ratio is presently 8.18%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GIB. Sanford C. Bernstein raised CGI to a "strong-buy" rating in a research note on Thursday, August 1st. CIBC raised CGI from a "neutral" rating to an "outperformer" rating and raised their price target for the stock from $155.00 to $178.00 in a research note on Tuesday, October 15th. StockNews.com raised CGI from a "sell" rating to a "hold" rating in a research note on Friday, November 15th. Finally, Cibc World Mkts raised CGI from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 15th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $137.00.

CGI Company 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.