Cerity Partners LLC Has $1.27 Million Stock Position in CGI Inc. (NYSE:GIB)

Cerity Partners LLC boosted its position in CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 54.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 11,424 shares of the technology company's stock after purchasing an additional 4,045 shares during the period. Cerity Partners LLC's holdings in CGI were worth $1,265,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new position in shares of CGI during the 3rd quarter worth approximately $28,000. Sierra Ocean LLC bought a new position in CGI during the fourth quarter worth $62,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of CGI in the fourth quarter valued at $83,000. Hoey Investments Inc. bought a new position in shares of CGI in the fourth quarter valued at about $99,000. Finally, Blue Trust Inc. lifted its stake in shares of CGI by 47.6% during the 4th quarter. Blue Trust Inc. now owns 1,163 shares of the technology company's stock worth $134,000 after buying an additional 375 shares during the last quarter. Institutional investors own 66.68% of the company's stock.

Wall Street Analyst Weigh In

GIB has been the topic of a number of research reports. UBS Group upped their price target 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. Jefferies Financial Group lowered their target price on CGI from $140.00 to $135.00 and set a "buy" rating on the stock in a research note on Tuesday, January 21st. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $192.00 price target on shares of CGI in a research note on Wednesday, March 26th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $156.75.

CGI Price Performance

GIB traded up $1.26 on Wednesday, hitting $107.02. 87,469 shares of the stock were exchanged, compared to its average volume of 290,043. The business has a 50-day moving average of $104.53 and a two-hundred day moving average of $109.79. 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 Inc. has a 12 month low of $92.85 and a 12 month high of $122.79. The firm has a market capitalization of $24.27 billion, a price-to-earnings ratio of 19.35, a PEG ratio of 2.58 and a beta of 0.85.

CGI (NYSE:GIB - Get Free Report) TSE: GIB.A last issued its quarterly earnings data on Wednesday, January 29th. The technology company reported $1.41 EPS for the quarter, meeting the consensus estimate of $1.41. CGI had a net margin of 11.72% and a return on equity of 19.32%. Sell-side analysts forecast that CGI Inc. will post 5.79 EPS for the current fiscal year.

CGI Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 14th were issued a $0.1039 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.42 dividend on an annualized basis and a yield of 0.39%. CGI's payout ratio is presently 7.41%.

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.