Tacita Capital Inc Sells 4,515 Shares of CGI Inc. (NYSE:GIB)

Tacita Capital Inc lowered its stake in CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 86.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 710 shares of the technology company's stock after selling 4,515 shares during the period. Tacita Capital Inc's holdings in CGI were worth $82,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Janus Henderson Group PLC grew its position in shares of CGI by 3,776.8% during the 1st quarter. Janus Henderson Group PLC now owns 699,798 shares of the technology company's stock worth $77,381,000 after purchasing an additional 681,747 shares in the last quarter. Bessemer Group Inc. increased its stake in CGI by 9,135.3% in 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 last quarter. Fiera Capital Corp increased its stake in CGI by 2.7% in the third quarter. Fiera Capital Corp now owns 4,384,639 shares of the technology company's stock valued at $505,173,000 after acquiring an additional 114,864 shares during the last quarter. Andra AP fonden bought a new position in CGI in the second quarter valued at approximately $11,418,000. Finally, Dimensional Fund Advisors LP increased its stake in CGI by 22.3% in the second quarter. Dimensional Fund Advisors LP now owns 625,106 shares of the technology company's stock valued at $62,394,000 after acquiring an additional 113,903 shares during the last quarter. Institutional investors and hedge funds own 66.68% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GIB. CIBC raised shares of CGI from a "neutral" rating to an "outperformer" rating and lifted their price objective for the company from $155.00 to $178.00 in a research note on Tuesday, October 15th. StockNews.com lowered shares of CGI from a "hold" rating to a "sell" rating in a research report on Thursday. Sanford C. Bernstein upgraded shares of CGI to a "strong-buy" rating in a research report on Thursday, August 1st. UBS Group initiated coverage on shares of CGI in a research report on Friday, July 19th. They issued a "neutral" rating and a $112.00 target price on the stock. Finally, Cibc World Mkts upgraded shares of CGI from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $137.00.

CGI Trading Up 0.7 %

Shares of NYSE:GIB traded up $0.77 during mid-day trading on Monday, reaching $111.92. 114,151 shares of the company's stock were exchanged, compared to its average volume of 147,871. The firm has a market capitalization of $25.51 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 2.38 and a beta of 0.96. The business's fifty day moving average price is $113.97 and its 200-day moving average price is $107.68. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.86 and a current ratio of 1.36. CGI Inc. has a twelve month low of $96.92 and a twelve month high of $118.89.

CGI Announces Dividend

The firm also recently declared a -- dividend, which will be paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th will be issued a dividend of $0.111 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a dividend yield of 0.4%.

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.