Fiera Capital Corp Lowers Holdings in CGI Inc. (NYSE:GIB)

Fiera Capital Corp reduced its position in shares of CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,291,285 shares of the technology company's stock after selling 93,354 shares during the period. CGI comprises 1.5% of Fiera Capital Corp's investment portfolio, making the stock its 19th largest holding. Fiera Capital Corp owned approximately 1.88% of CGI worth $469,029,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Canoe Financial LP acquired a new position in shares of CGI in the fourth quarter worth approximately $94,390,000. National Bank of Canada FI lifted its stake in shares of CGI by 23.6% in the third quarter. National Bank of Canada FI now owns 4,513,733 shares of the technology company's stock worth $519,072,000 after acquiring an additional 861,771 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of CGI by 68.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,368,822 shares of the technology company's stock worth $157,485,000 after acquiring an additional 555,017 shares during the period. Barclays PLC lifted its stake in shares of CGI by 182.6% in the third quarter. Barclays PLC now owns 476,758 shares of the technology company's stock worth $54,808,000 after acquiring an additional 308,040 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of CGI by 1.4% in 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 acquiring an additional 230,000 shares during the period. 66.68% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. StockNews.com raised CGI from a "sell" rating to a "hold" rating in a research note on Friday, November 15th. UBS Group lifted their price objective on CGI from $118.00 to $122.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Jefferies Financial Group cut their price objective 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 reissued an "outperform" rating and issued a $178.00 price target on shares of CGI in a research note on Monday, January 6th. Two 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 company. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $153.25.

CGI Trading Down 1.6 %

GIB traded down $1.98 during trading on Friday, hitting $120.45. The company's stock had a trading volume of 207,297 shares, compared to its average volume of 203,659. CGI Inc. has a twelve month low of $96.92 and a twelve month high of $122.79. The company has a quick ratio of 1.04, a current ratio of 1.31 and a debt-to-equity ratio of 0.28. The stock's fifty day moving average price is $112.57 and its 200-day moving average price is $112.31. The firm has a market capitalization of $27.31 billion, a P/E ratio of 21.78, a PEG ratio of 2.62 and a beta of 0.94.

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

CGI Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 14th will be given a dividend of $0.1039 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date is Friday, February 14th. CGI's payout ratio is 8.32%.

About CGI

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.