Janus Henderson Group PLC Has $78.89 Million Position in CGI Inc. (NYSE:GIB)

Janus Henderson Group PLC reduced its stake in CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 0.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 687,547 shares of the technology company's stock after selling 6,167 shares during the period. Janus Henderson Group PLC owned about 0.30% of CGI worth $78,888,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in GIB. Fiera Capital Corp raised its holdings in CGI by 1.9% in the 2nd quarter. Fiera Capital Corp now owns 4,269,775 shares of the technology company's stock valued at $426,353,000 after buying an additional 79,303 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in CGI by 4.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 560,159 shares of the technology company's stock valued at $64,518,000 after buying an additional 21,427 shares during the last quarter. Cassaday & Co Wealth Management LLC bought a new position in CGI in the 3rd quarter valued at approximately $825,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in CGI by 68.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,368,822 shares of the technology company's stock valued at $157,485,000 after buying an additional 555,017 shares during the last quarter. Finally, GHP Investment Advisors Inc. raised its holdings in CGI by 14.4% in the 2nd quarter. GHP Investment Advisors Inc. now owns 41,348 shares of the technology company's stock valued at $4,127,000 after buying an additional 5,213 shares during the last quarter. 66.68% of the stock is currently owned by institutional investors and hedge funds.

CGI Trading Up 0.3 %

Shares of NYSE:GIB traded up $0.36 during mid-day trading on Thursday, hitting $113.39. The company had a trading volume of 92,096 shares, compared to its average volume of 150,344. The firm has a fifty day moving average price of $113.03 and a 200 day moving average price of $108.75. The company has a market capitalization of $25.84 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 2.54 and a beta of 0.94. 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 one year low of $96.92 and a one year high of $118.89.

CGI Announces Dividend

The business 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. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a dividend yield of 0.4%. CGI's dividend payout ratio is currently 8.18%.

Wall Street Analysts Forecast Growth

GIB has been the subject of a number of research reports. CIBC upgraded shares of CGI from a "neutral" rating to an "outperformer" rating and raised their price objective for the company from $155.00 to $178.00 in a report on Tuesday, October 15th. StockNews.com upgraded shares of CGI from a "sell" rating to a "hold" rating in a report on Friday, November 15th. Finally, Cibc World Mkts upgraded shares of CGI from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 15th. Two 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 data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $137.00.

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.