Maryland State Retirement & Pension System lifted its position in shares of CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 5.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,297 shares of the technology company's stock after acquiring an additional 3,618 shares during the quarter. Maryland State Retirement & Pension System's holdings in CGI were worth $7,251,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of CGI during the third quarter worth about $28,000. Sierra Ocean LLC acquired a new position in shares of CGI during the 4th quarter worth $62,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of CGI during the 4th quarter worth $83,000. Blue Trust Inc. grew its stake in shares of CGI by 47.6% during the 4th quarter. Blue Trust Inc. now owns 1,163 shares of the technology company's stock worth $134,000 after purchasing an additional 375 shares during the period. Finally, Thrivent Financial for Lutherans acquired a new position in shares of CGI during the 3rd quarter worth $209,000. 66.68% of the stock is currently owned by institutional investors and hedge funds.
CGI Price Performance
Shares of NYSE:GIB traded up $0.07 on Friday, hitting $98.80. The company had a trading volume of 335,121 shares, compared to its average volume of 178,234. The company has a current ratio of 1.31, a quick ratio of 1.04 and a debt-to-equity ratio of 0.28. The company has a market cap of $22.40 billion, a PE ratio of 17.87, a PEG ratio of 2.58 and a beta of 0.96. CGI Inc. has a 52-week low of $96.92 and a 52-week high of $122.79. The business has a 50 day moving average of $111.15 and a 200 day moving average of $111.99.
CGI (NYSE:GIB - Get Free Report) TSE: GIB.A last posted its quarterly earnings data on Wednesday, January 29th. The technology company reported $1.41 EPS for the quarter, meeting analysts' consensus estimates of $1.41. CGI had a return on equity of 19.32% and a net margin of 11.72%. As a group, equities analysts anticipate that CGI Inc. will post 5.79 earnings per share for the current fiscal year.
CGI Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 14th were issued a dividend of $0.1039 per share. This represents a $0.42 annualized dividend and a dividend yield of 0.42%. The ex-dividend date was Friday, February 14th. CGI's dividend payout ratio (DPR) is 7.41%.
Analysts Set New Price Targets
A number of research firms have recently weighed in on GIB. Royal Bank of Canada reaffirmed an "outperform" rating and set a $178.00 price target on shares of CGI in a research note on Monday, January 6th. UBS Group upped their target price on CGI from $118.00 to $122.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. Finally, Jefferies Financial Group decreased their price objective on shares of CGI from $140.00 to $135.00 and set a "buy" rating on the stock in a research report on Tuesday, January 21st. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $153.25.
Read Our Latest Report on GIB
About CGI
(
Free Report)
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.
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