Quantbot Technologies LP Invests $506,000 in CGI Inc. (NYSE:GIB)

Quantbot Technologies LP purchased a new stake in shares of CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,632 shares of the technology company's stock, valued at approximately $506,000.

Other large investors have also recently made changes to their positions in the company. Canoe Financial LP bought a new position in shares of CGI during the 4th quarter valued at $94,390,000. National Bank of Canada FI grew its stake in shares of CGI by 23.6% during the third quarter. National Bank of Canada FI now owns 4,513,733 shares of the technology company's stock valued at $519,072,000 after buying an additional 861,771 shares during the last quarter. Barclays PLC increased its holdings in shares of CGI by 182.6% in the third quarter. Barclays PLC now owns 476,758 shares of the technology company's stock worth $54,808,000 after buying an additional 308,040 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of CGI by 1.4% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 16,290,487 shares of the technology company's stock valued at $1,876,550,000 after acquiring an additional 230,000 shares during the last quarter. Finally, Toronto Dominion Bank boosted its holdings in CGI by 23.9% during the 3rd quarter. Toronto Dominion Bank now owns 561,741 shares of the technology company's stock valued at $64,578,000 after acquiring an additional 108,428 shares during the period. 66.68% of the stock is owned by hedge funds and other institutional investors.

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CGI Trading Up 1.0 %

NYSE:GIB traded up $1.00 during trading hours on Tuesday, hitting $100.83. The company had a trading volume of 380,244 shares, compared to its average volume of 184,348. 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 stock has a 50-day moving average price of $109.94 and a 200 day moving average price of $111.29. The company has a market capitalization of $22.86 billion, a PE ratio of 18.23, a price-to-earnings-growth ratio of 2.58 and a beta of 0.96. CGI Inc. has a 52 week low of $95.98 and a 52 week high of $122.79.

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

CGI Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 14th were given a $0.1039 dividend. This represents a $0.42 annualized dividend and a dividend yield of 0.41%. The ex-dividend date was Friday, February 14th. CGI's dividend payout ratio is currently 7.41%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GIB. 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. Jefferies Financial Group lowered their price target 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 reissued an "outperform" rating and set a $192.00 price target on shares of CGI in a research report on Wednesday, March 26th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price 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.