ExodusPoint Capital Management LP Acquires 4,739 Shares of CGI Inc. (NYSE:GIB)

ExodusPoint Capital Management LP grew its holdings in shares of CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 69.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 11,600 shares of the technology company's stock after acquiring an additional 4,739 shares during the period. ExodusPoint Capital Management LP's holdings in CGI were worth $1,268,000 as of its most recent SEC filing.

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

CGI Trading Down 0.0 %

Shares of NYSE:GIB traded down $0.03 during mid-day trading on Tuesday, hitting $103.03. The company had a trading volume of 55,857 shares, compared to its average volume of 195,086. 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 one year low of $92.85 and a one year high of $122.79. The firm has a fifty day moving average price of $106.43 and a 200 day moving average price of $110.18. The company has a market capitalization of $23.36 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 2.58 and a beta of 0.85.

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

CGI Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 14th were paid a dividend of $0.1039 per share. This represents a $0.42 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend was Friday, February 14th. CGI's dividend payout ratio (DPR) is currently 7.41%.

Wall Street Analysts Forecast Growth

GIB has been the topic of a number of recent analyst reports. Jefferies Financial Group dropped their price target on shares of CGI from $140.00 to $135.00 and set a "buy" rating on the stock in a research report on Tuesday, January 21st. Royal Bank of Canada reissued an "outperform" rating and set a $192.00 target price on shares of CGI in a research note on Wednesday, March 26th. Finally, 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 report on Monday, February 3rd. Two investment 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.com, CGI currently has a consensus rating of "Buy" and a consensus target price 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.