CGI Inc. (NYSE:GIB) is Galibier Capital Management Ltd.'s 9th Largest Position

Galibier Capital Management Ltd. lessened its holdings in CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 12.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 197,010 shares of the technology company's stock after selling 28,377 shares during the period. CGI accounts for approximately 6.2% of Galibier Capital Management Ltd.'s portfolio, making the stock its 9th largest holding. Galibier Capital Management Ltd. owned approximately 0.09% of CGI worth $21,545,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of GIB. Crestwood Advisors Group LLC raised its stake in CGI by 2.4% in the 3rd quarter. Crestwood Advisors Group LLC now owns 4,222 shares of the technology company's stock valued at $485,000 after purchasing an additional 97 shares during the last quarter. West Family Investments Inc. grew its holdings in shares of CGI by 5.5% during the third quarter. West Family Investments Inc. now owns 2,323 shares of the technology company's stock worth $267,000 after buying an additional 121 shares in the last quarter. Signal Advisors Wealth LLC raised its position in shares of CGI by 4.5% in the fourth quarter. Signal Advisors Wealth LLC now owns 3,158 shares of the technology company's stock valued at $345,000 after buying an additional 135 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of CGI by 9.2% during the second quarter. EverSource Wealth Advisors LLC now owns 2,055 shares of the technology company's stock valued at $205,000 after buying an additional 173 shares during the period. Finally, CWM LLC boosted its position in CGI by 14.8% during the third quarter. CWM LLC now owns 1,365 shares of the technology company's stock worth $157,000 after acquiring an additional 176 shares during the last quarter. 66.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Cibc World Mkts upgraded CGI from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 15th. StockNews.com upgraded CGI from a "sell" rating to a "hold" rating in a research report on Friday, November 15th. Royal Bank of Canada restated an "outperform" rating and issued a $178.00 price target on shares of CGI in a report on Monday, January 6th. Finally, CIBC upgraded shares of CGI from a "neutral" rating to an "outperformer" rating and increased their price objective for the stock from $155.00 to $178.00 in a report on Tuesday, October 15th. Two analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $147.25.

CGI Trading Down 0.3 %

GIB stock traded down $0.33 during trading on Friday, reaching $108.42. 138,776 shares of the stock traded hands, compared to its average volume of 130,319. The business's 50 day moving average price is $110.48 and its 200-day moving average price is $110.75. The firm has a market capitalization of $24.71 billion, a PE ratio of 20.15, a P/E/G ratio of 2.31 and a beta of 0.95. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.36 and a quick ratio of 1.02. CGI Inc. has a 52-week low of $96.92 and a 52-week high of $118.89.

CGI Dividend Announcement

The firm also recently declared a -- dividend, which was paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th were given a dividend of $0.111 per share. The ex-dividend date was Wednesday, November 20th. This represents a yield of 0.4%. CGI's dividend payout ratio (DPR) is 8.55%.

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.