Northwest & Ethical Investments L.P. Sells 20,184 Shares of CGI Inc. (NYSE:GIB)

Northwest & Ethical Investments L.P. lowered its position in shares of CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 7.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 266,652 shares of the technology company's stock after selling 20,184 shares during the quarter. CGI accounts for approximately 0.8% of Northwest & Ethical Investments L.P.'s investment portfolio, making the stock its 26th largest position. Northwest & Ethical Investments L.P. owned approximately 0.12% of CGI worth $29,124,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Metis Global Partners LLC boosted its position in shares of CGI by 1.0% during the 4th quarter. Metis Global Partners LLC now owns 10,534 shares of the technology company's stock valued at $1,153,000 after purchasing an additional 108 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in CGI by 0.4% during the fourth quarter. Sequoia Financial Advisors LLC now owns 31,209 shares of the technology company's stock worth $3,412,000 after buying an additional 111 shares in the last quarter. West Family Investments Inc. boosted its holdings in CGI by 5.5% during the third quarter. West Family Investments Inc. now owns 2,323 shares of the technology company's stock worth $267,000 after buying an additional 121 shares in the last quarter. Signal Advisors Wealth LLC grew its position in CGI by 4.5% in the fourth quarter. Signal Advisors Wealth LLC now owns 3,158 shares of the technology company's stock worth $345,000 after buying an additional 135 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of CGI in the third quarter valued at $28,000. 66.68% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on GIB shares. Jefferies Financial Group reduced their price objective on CGI from $140.00 to $135.00 and set a "buy" rating for the company in a research note on Tuesday, January 21st. UBS Group lifted their price target on CGI from $118.00 to $122.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $178.00 price objective on shares of CGI in a research note on Monday, January 6th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $153.25.

CGI Stock Up 1.4 %

CGI stock traded up $1.38 during mid-day trading on Monday, hitting $100.12. The company's stock had a trading volume of 343,489 shares, compared to its average volume of 178,895. CGI Inc. has a 52-week low of $96.92 and a 52-week high of $122.79. The company has a market cap of $22.70 billion, a PE ratio of 18.10, a price-to-earnings-growth ratio of 2.58 and a beta of 0.96. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.31 and a quick ratio of 1.04. The firm's 50 day moving average is $110.99 and its 200 day moving average is $111.89.

CGI (NYSE:GIB - Get Free Report) TSE: GIB.A last released its quarterly earnings data on Wednesday, January 29th. The technology company reported $1.41 earnings per share 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%. On average, analysts anticipate that CGI Inc. will post 5.79 earnings per share for the current year.

CGI Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 14th were paid a $0.1039 dividend. 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 0.41%. CGI's dividend payout ratio (DPR) is currently 7.41%.

CGI 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.