97,939 Shares in CGI Inc. (NYSE:GIB) Bought by Haven Global Partners LLC

Haven Global Partners LLC bought a new stake in CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 97,939 shares of the technology company's stock, valued at approximately $10,711,000. CGI makes up about 10.1% of Haven Global Partners LLC's portfolio, making the stock its 6th largest holding.

Several other institutional investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of CGI during the third quarter worth $28,000. Blue Trust Inc. lifted its stake in shares of CGI by 288.2% during the third quarter. Blue Trust Inc. now owns 788 shares of the technology company's stock worth $91,000 after buying an additional 585 shares during the period. CWM LLC lifted its stake in shares of 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 buying an additional 176 shares during the period. Werba Rubin Papier Wealth Management acquired a new stake in shares of CGI during the third quarter worth $208,000. Finally, Thrivent Financial for Lutherans acquired a new stake in shares of CGI during the third quarter worth $209,000. 66.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GIB has been the subject of several research reports. Cibc World Mkts upgraded shares of CGI from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 15th. Royal Bank of Canada reissued an "outperform" rating and set a $178.00 target price on shares of CGI in a report on Monday, January 6th. Jefferies Financial Group reduced their target price on shares of CGI from $140.00 to $135.00 and set a "buy" rating for the company in a report on Tuesday, January 21st. CIBC raised shares of CGI from a "neutral" rating to an "outperformer" rating and raised their target price for the stock from $155.00 to $178.00 in a report on Tuesday, October 15th. Finally, StockNews.com raised shares of CGI from a "sell" rating to a "hold" rating in a report on Friday, November 15th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $153.25.

CGI Trading Up 1.7 %

NYSE:GIB traded up $1.95 on Wednesday, hitting $120.05. The stock had a trading volume of 104,074 shares, compared to its average volume of 196,678. 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 has a market cap of $27.22 billion, a price-to-earnings ratio of 21.69, a PEG ratio of 2.59 and a beta of 0.94. The company has a fifty day moving average price of $111.32 and a two-hundred day moving average price of $111.64. CGI Inc. has a 1-year low of $96.92 and a 1-year high of $121.55.

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

CGI Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 14th will be paid a $0.1039 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date is Friday, February 14th. CGI's dividend payout ratio (DPR) is 7.41%.

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.