CGI Inc. (NYSE:GIB) Shares Acquired by Jane Street Group LLC

Jane Street Group LLC boosted its holdings in shares of CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 19.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,784 shares of the technology company's stock after buying an additional 6,403 shares during the quarter. Jane Street Group LLC's holdings in CGI were worth $4,574,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of GIB. Blue Trust Inc. raised its holdings in CGI by 288.2% in the third quarter. Blue Trust Inc. now owns 788 shares of the technology company's stock worth $91,000 after purchasing an additional 585 shares in the last quarter. CWM LLC raised its stake in shares of CGI by 14.8% during the 3rd quarter. CWM LLC now owns 1,365 shares of the technology company's stock worth $157,000 after acquiring an additional 176 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in 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 acquiring an additional 173 shares during the last quarter. Werba Rubin Papier Wealth Management acquired a new stake in CGI in the third quarter valued at approximately $208,000. Finally, Thrivent Financial for Lutherans purchased a new position in CGI in the third quarter worth $209,000. Institutional investors own 66.68% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GIB. StockNews.com upgraded CGI from a "sell" rating to a "hold" rating in a report on Friday, November 15th. Cibc World Mkts raised CGI from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 15th. Finally, CIBC upgraded shares of CGI from a "neutral" rating to an "outperformer" rating and upped their price objective for the company from $155.00 to $178.00 in a report on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, CGI has a consensus rating of "Buy" and an average price target of $137.00.

CGI Stock Performance

Shares of GIB stock traded down $2.82 during mid-day trading on Wednesday, reaching $107.00. The stock had a trading volume of 261,936 shares, compared to its average volume of 151,697. The business's fifty day moving average is $112.51 and its 200-day moving average is $109.37. The company has a current ratio of 1.36, a quick ratio of 1.02 and a debt-to-equity ratio of 0.29. The firm has a market cap of $24.39 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 2.60 and a beta of 0.94. CGI Inc. has a 1-year low of $96.92 and a 1-year high of $118.89.

CGI Announces Dividend

The company also recently announced a -- dividend, which will be paid on Friday, December 20th. Investors of record on Wednesday, November 20th will be given a $0.111 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a yield of 0.4%. CGI's dividend payout ratio is currently 8.18%.

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.