CGI Inc. (NYSE:GIB) Position Increased by Fiera Capital Corp

Fiera Capital Corp raised its position in CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 2.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,384,639 shares of the technology company's stock after acquiring an additional 114,864 shares during the quarter. CGI makes up about 1.5% of Fiera Capital Corp's holdings, making the stock its 21st biggest holding. Fiera Capital Corp owned about 1.92% of CGI worth $505,173,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Janus Henderson Group PLC raised its position in CGI by 3,776.8% in the 1st quarter. Janus Henderson Group PLC now owns 699,798 shares of the technology company's stock valued at $77,381,000 after purchasing an additional 681,747 shares during the last quarter. Bessemer Group Inc. boosted its holdings in CGI by 9,135.3% in the 1st quarter. Bessemer Group Inc. now owns 126,986 shares of the technology company's stock valued at $14,011,000 after purchasing an additional 125,611 shares in the last quarter. Andra AP fonden acquired a new position in CGI during the 2nd quarter worth approximately $11,418,000. Dimensional Fund Advisors LP boosted its stake in shares of CGI by 22.3% in the second quarter. Dimensional Fund Advisors LP now owns 625,106 shares of the technology company's stock valued at $62,394,000 after buying an additional 113,903 shares in the last quarter. Finally, Intact Investment Management Inc. purchased a new position in CGI in the second quarter worth $11,222,000. 66.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Sanford C. Bernstein raised shares of CGI to a "strong-buy" rating in a report on Thursday, August 1st. UBS Group assumed coverage on CGI in a report on Friday, July 19th. They set a "neutral" rating and a $112.00 price objective for the company. StockNews.com lowered CGI from a "hold" rating to a "sell" rating in a report on Thursday. CIBC upgraded shares of CGI from a "neutral" rating to an "outperformer" rating and boosted their price objective for the stock from $155.00 to $178.00 in a research report on Tuesday, October 15th. Finally, Jefferies Financial Group increased their price target on shares of CGI from $120.00 to $121.00 and gave the company a "buy" rating in a research report on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, CGI presently has a consensus rating of "Moderate Buy" and an average price target of $137.00.

CGI Trading Down 1.2 %

GIB stock traded down $1.35 during midday trading on Friday, hitting $111.17. The stock had a trading volume of 99,961 shares, compared to its average volume of 148,027. The company's 50-day moving average price is $113.97 and its 200 day moving average price is $107.65. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 0.86. The firm has a market cap of $25.34 billion, a PE ratio of 20.66, a price-to-earnings-growth ratio of 2.38 and a beta of 0.96. CGI Inc. has a 12-month low of $96.92 and a 12-month high of $118.89.

CGI (NYSE:GIB - Get Free Report) TSE: GIB.A last posted its quarterly earnings results on Wednesday, November 6th. The technology company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.38 by $0.03. The company had revenue of $2.68 billion during the quarter, compared to analysts' expectations of $2.62 billion. CGI had a return on equity of 20.21% and a net margin of 11.51%. On average, equities research analysts predict that CGI Inc. will post 5.54 earnings per share for the current fiscal year.

CGI Announces Dividend

The company also recently disclosed a -- dividend, which will be paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th will be paid a $0.111 dividend. This represents a dividend yield of 0.4%. The ex-dividend date is Wednesday, November 20th. CGI's dividend payout ratio is currently 2.04%.

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.