CGI Inc. (NYSE:GIB) Shares Sold by Barclays PLC

Barclays PLC cut its holdings in CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 15.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 405,182 shares of the technology company's stock after selling 71,576 shares during the period. Barclays PLC owned about 0.18% of CGI worth $44,294,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of GIB. Metis Global Partners LLC increased its position in shares of CGI by 1.0% during the fourth quarter. Metis Global Partners LLC now owns 10,534 shares of the technology company's stock worth $1,153,000 after purchasing an additional 108 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in CGI by 0.4% during the 4th quarter. Sequoia Financial Advisors LLC now owns 31,209 shares of the technology company's stock worth $3,412,000 after buying an additional 111 shares during the last quarter. Manhattan West Asset Management LLC lifted its stake in CGI by 0.5% in the fourth quarter. Manhattan West Asset Management LLC now owns 25,425 shares of the technology company's stock valued at $2,779,000 after buying an additional 126 shares during the last quarter. Signal Advisors Wealth LLC boosted its holdings in shares of CGI by 4.5% in the fourth quarter. Signal Advisors Wealth LLC now owns 3,158 shares of the technology company's stock valued at $345,000 after acquiring an additional 135 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of CGI during the third quarter worth approximately $28,000. 66.68% of the stock is owned by hedge funds and other institutional investors.

CGI Stock Performance

Shares of GIB stock traded up $0.83 during mid-day trading on Wednesday, hitting $106.59. The stock had a trading volume of 99,935 shares, compared to its average volume of 197,003. CGI Inc. has a fifty-two week low of $92.85 and a fifty-two week high of $122.79. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.31 and a quick ratio of 1.04. The company's 50-day simple moving average is $104.53 and its 200-day simple moving average is $109.79. The firm has a market cap of $24.17 billion, a PE ratio of 19.27, a PEG ratio of 2.58 and a beta of 0.85.

CGI (NYSE:GIB - Get Free Report) TSE: GIB.A last announced its quarterly earnings data on Wednesday, January 29th. The technology company reported $1.41 earnings per share 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%. Sell-side analysts anticipate that CGI Inc. will post 5.79 earnings per share for the current year.

CGI Announces Dividend

The firm 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. This represents a $0.42 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date was Friday, February 14th. CGI's dividend payout ratio (DPR) is currently 7.41%.

Analyst Upgrades and Downgrades

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

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.