Legal & General Group Plc Has $150.05 Million Stock Holdings in CGI Inc. (NYSE:GIB)

Legal & General Group Plc lessened its holdings in CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 21.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,372,120 shares of the technology company's stock after selling 364,459 shares during the quarter. Legal & General Group Plc owned about 0.61% of CGI worth $150,054,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB acquired a new stake in CGI in the third quarter valued at approximately $28,000. Sierra Ocean LLC purchased a new position in shares of CGI during the 4th quarter worth $62,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of CGI in the 4th quarter valued at approximately $83,000. Hoey Investments Inc. purchased a new position in CGI in the fourth quarter worth approximately $99,000. Finally, Blue Trust Inc. raised its holdings in CGI by 47.6% in the 4th quarter. Blue Trust Inc. now owns 1,163 shares of the technology company's stock valued at $134,000 after buying an additional 375 shares during the period. 66.68% of the stock is owned by hedge funds and other institutional investors.

CGI Trading Down 0.0 %

NYSE GIB traded down $0.02 during trading hours on Tuesday, hitting $103.04. 69,744 shares of the company's stock were exchanged, compared to its average volume of 292,252. CGI Inc. has a 12-month low of $92.85 and a 12-month high of $122.79. The business's 50 day moving average is $106.43 and its 200-day moving average is $110.18. The firm has a market capitalization of $23.36 billion, a P/E ratio of 18.63, a price-to-earnings-growth ratio of 2.58 and a beta of 0.85. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.04 and a current ratio of 1.31.

CGI (NYSE:GIB - Get Free Report) TSE: GIB.A last posted its earnings results on Wednesday, January 29th. The technology company reported $1.41 EPS for the quarter, hitting analysts' consensus estimates of $1.41. CGI had a net margin of 11.72% and a return on equity of 19.32%. As a group, analysts anticipate that CGI Inc. will post 5.79 EPS for the current fiscal year.

CGI Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 14th were given a dividend of $0.1039 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.42 dividend on an annualized basis and a yield of 0.40%. CGI's dividend payout ratio (DPR) is presently 7.41%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on GIB shares. Royal Bank of Canada reissued an "outperform" rating and issued a $192.00 price objective on shares of CGI in a research note on Wednesday, March 26th. Jefferies Financial Group reduced their price objective on shares of CGI from $140.00 to $135.00 and set a "buy" rating for the company in a research report on Tuesday, January 21st. Finally, UBS Group lifted their price target on CGI from $118.00 to $122.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Two equities 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. Based on data from MarketBeat, CGI presently has a consensus rating of "Buy" and a consensus price target of $156.75.

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.