Henry James International Management Inc. Sells 6,186 Shares of CGI Inc. (NYSE:GIB)

Henry James International Management Inc. cut its position in CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 7.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,824 shares of the technology company's stock after selling 6,186 shares during the quarter. CGI makes up about 3.0% of Henry James International Management Inc.'s holdings, making the stock its 10th biggest position. Henry James International Management Inc.'s holdings in CGI were worth $8,717,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of GIB. Janus Henderson Group PLC raised its stake in CGI by 3,776.8% during the 1st quarter. Janus Henderson Group PLC now owns 699,798 shares of the technology company's stock valued at $77,381,000 after purchasing an additional 681,747 shares during the last quarter. Bessemer Group Inc. increased its stake in CGI by 9,135.3% during the first quarter. Bessemer Group Inc. now owns 126,986 shares of the technology company's stock valued at $14,011,000 after acquiring an additional 125,611 shares during the period. Andra AP fonden acquired a new position in CGI in the 2nd quarter valued at approximately $11,418,000. Dimensional Fund Advisors LP lifted its position in shares of CGI by 22.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 625,106 shares of the technology company's stock worth $62,394,000 after acquiring an additional 113,903 shares during the period. Finally, Intact Investment Management Inc. acquired a new stake in shares of CGI during the 2nd quarter worth approximately $11,222,000. Institutional investors own 66.68% of the company's stock.

CGI Trading Up 0.4 %

Shares of NYSE GIB traded up $0.46 during mid-day trading on Monday, hitting $111.91. The company's stock had a trading volume of 116,539 shares, compared to its average volume of 148,114. CGI Inc. has a one year low of $96.92 and a one year high of $118.89. The company's fifty day simple moving average is $113.91 and its 200-day simple moving average is $107.48. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 0.86. The stock has a market cap of $25.51 billion, a price-to-earnings ratio of 21.16, a price-to-earnings-growth ratio of 2.34 and a beta of 0.96.

Analyst Ratings Changes

Several brokerages recently commented on GIB. UBS Group initiated coverage on CGI in a research report on Friday, July 19th. They issued a "neutral" rating and a $112.00 target price for the company. CIBC raised shares of CGI from a "neutral" rating to an "outperformer" rating and upped their target price for the company from $155.00 to $178.00 in a research note on Tuesday, October 15th. Cibc World Mkts upgraded shares of CGI from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 15th. Jefferies Financial Group lifted their price objective on CGI from $120.00 to $121.00 and gave the company a "buy" rating in a report on Tuesday, July 16th. Finally, Sanford C. Bernstein raised CGI to a "strong-buy" rating in a report on Thursday, August 1st. Two analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, CGI has a consensus rating of "Buy" and a consensus price target 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.