CGI Inc. (NYSE:GIB) Shares Sold by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. cut its position in CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 13.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,063 shares of the technology company's stock after selling 4,279 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in CGI were worth $3,066,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in CGI during the 3rd quarter worth $28,000. Sierra Ocean LLC acquired a new position in CGI during the fourth quarter worth about $62,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in CGI during the 4th quarter valued at about $83,000. Hoey Investments Inc. purchased a new stake in CGI during the 4th quarter valued at about $99,000. Finally, Blue Trust Inc. raised its holdings in CGI by 47.6% in the 4th 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 last quarter. 66.68% of the stock is currently owned by hedge funds and other institutional investors.

CGI Stock Performance

Shares of CGI stock opened at $105.53 on Friday. The firm has a market cap of $23.93 billion, a PE ratio of 19.08, a price-to-earnings-growth ratio of 2.58 and a beta of 0.85. The company has a quick ratio of 1.04, a current ratio of 1.31 and a debt-to-equity ratio of 0.28. CGI Inc. has a 52 week low of $92.85 and a 52 week high of $122.79. The business's fifty day simple moving average is $103.63 and its 200-day simple moving average is $109.59.

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

CGI Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors 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 annualized dividend and a yield of 0.39%. CGI's dividend payout ratio (DPR) is presently 7.41%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on GIB. Royal Bank of Canada restated an "outperform" rating and set a $192.00 target price on shares of CGI in a report on Wednesday, March 26th. Jefferies Financial Group dropped their target price on CGI from $140.00 to $135.00 and set a "buy" rating for the company in a report on Tuesday, January 21st. Finally, UBS Group raised their target price on CGI from $118.00 to $122.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. 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. Based on data from MarketBeat, the company has an average 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.

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