Mufg Securities Canada LTD. boosted its stake in shares of CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 72.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 311,295 shares of the technology company's stock after buying an additional 130,379 shares during the quarter. CGI makes up approximately 1.2% of Mufg Securities Canada LTD.'s portfolio, making the stock its 22nd biggest position. Mufg Securities Canada LTD. owned 0.14% of CGI worth $34,038,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. Canoe Financial LP bought a new stake in CGI during the fourth quarter valued at $94,390,000. National Bank of Canada FI lifted its stake in shares of CGI by 23.6% in the 3rd quarter. National Bank of Canada FI now owns 4,513,733 shares of the technology company's stock valued at $519,072,000 after purchasing an additional 861,771 shares during the period. Barclays PLC boosted its position in shares of CGI by 182.6% during the 3rd quarter. Barclays PLC now owns 476,758 shares of the technology company's stock valued at $54,808,000 after purchasing an additional 308,040 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in CGI by 1.4% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 16,290,487 shares of the technology company's stock worth $1,876,550,000 after purchasing an additional 230,000 shares during the period. Finally, Vanguard Group Inc. increased its holdings in CGI by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 7,942,779 shares of the technology company's stock worth $869,067,000 after purchasing an additional 128,285 shares in the last quarter. Institutional investors own 66.68% of the company's stock.
CGI Stock Down 1.2 %
Shares of CGI stock traded down $1.17 during trading hours on Friday, reaching $98.09. The company's stock had a trading volume of 164,945 shares, compared to its average volume of 182,861. The company has a market capitalization of $22.24 billion, a P/E ratio of 17.74, a P/E/G ratio of 2.58 and a beta of 0.96. The stock's fifty day simple moving average is $110.31 and its two-hundred day simple moving average is $111.53. CGI Inc. has a one year low of $96.92 and a one year high of $122.79. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.04 and a current ratio of 1.31.
CGI (NYSE:GIB - Get Free Report) TSE: GIB.A last released its quarterly earnings results on Wednesday, January 29th. The technology company reported $1.41 earnings per share (EPS) 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%. On average, research analysts forecast 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 issued a dividend of $0.1039 per share. The ex-dividend date was Friday, February 14th. This represents a $0.42 annualized dividend and a yield of 0.42%. CGI's dividend payout ratio (DPR) is currently 7.41%.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. UBS Group increased their price target on CGI from $118.00 to $122.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Jefferies Financial Group decreased their price target 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. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $192.00 price objective on shares of CGI in a research report on Wednesday. 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. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $156.75.
Get Our Latest Analysis on GIB
About CGI
(
Free Report)
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.
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