Natixis Raises Stock Position in CGI Inc. (NYSE:GIB)

Natixis grew its position in CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 171.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,272 shares of the technology company's stock after purchasing an additional 13,439 shares during the quarter. Natixis' holdings in CGI were worth $2,325,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in GIB. Wilmington Savings Fund Society FSB acquired a new position in shares of CGI in the 3rd quarter valued at $28,000. Sierra Ocean LLC purchased a new position in CGI during the fourth quarter worth approximately $62,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in CGI in the 4th quarter worth $83,000. Hoey Investments Inc. acquired a new position in shares of CGI during the 4th quarter worth about $99,000. Finally, Blue Trust Inc. increased its position in shares of CGI by 47.6% during the fourth quarter. Blue Trust Inc. now owns 1,163 shares of the technology company's stock worth $134,000 after purchasing an additional 375 shares in the last quarter. 66.68% of the stock is owned by institutional investors and hedge funds.

CGI Stock Performance

GIB traded up $1.15 on Thursday, reaching $105.66. The company had a trading volume of 285,630 shares, compared to its average volume of 197,721. The stock has a 50-day moving average price of $103.92 and a 200-day moving average price of $109.70. The stock has a market capitalization of $23.96 billion, a PE ratio of 19.11, a P/E/G ratio of 2.58 and a beta of 0.85. CGI Inc. has a 1 year low of $92.85 and a 1 year high of $122.79. The company has a quick ratio of 1.04, a current ratio of 1.31 and a debt-to-equity ratio of 0.28.

CGI (NYSE:GIB - Get Free Report) TSE: GIB.A last released its quarterly earnings results on Wednesday, January 29th. The technology company reported $1.41 EPS 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%. As a group, research analysts forecast 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. Investors of record on Friday, February 14th were paid a $0.1039 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.39%. CGI's dividend payout ratio (DPR) is presently 7.41%.

Wall Street Analyst Weigh In

Several analysts have issued reports on GIB shares. 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. Jefferies Financial Group dropped their price objective 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. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $192.00 price target on shares of CGI in a research report on Wednesday, March 26th. Two analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $156.75.

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.