Unigestion Holding SA Has $4.04 Million Position in CGI Inc. (NYSE:GIB)

Unigestion Holding SA lifted its stake in shares of CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 40.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,969 shares of the technology company's stock after purchasing an additional 10,659 shares during the quarter. Unigestion Holding SA's holdings in CGI were worth $4,040,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in GIB. Vanguard Group Inc. grew its stake in shares of CGI by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 7,942,779 shares of the technology company's stock worth $869,067,000 after buying an additional 128,285 shares during the last quarter. National Bank of Canada FI boosted its holdings in shares of CGI by 23.6% during the 3rd quarter. National Bank of Canada FI now owns 4,513,733 shares of the technology company's stock valued at $519,072,000 after acquiring an additional 861,771 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in CGI by 29.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,992,111 shares of the technology company's stock worth $327,007,000 after acquiring an additional 678,431 shares during the last quarter. Norges Bank acquired a new position in CGI in the 4th quarter worth about $286,970,000. Finally, TD Asset Management Inc. raised its position in CGI by 3.5% in the fourth quarter. TD Asset Management Inc. now owns 2,383,862 shares of the technology company's stock valued at $260,697,000 after purchasing an additional 81,440 shares during the last quarter. 66.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on GIB shares. Royal Bank of Canada restated an "outperform" rating and set a $192.00 price target on shares of CGI in a report on Wednesday, March 26th. Jefferies Financial Group decreased their price target on shares of CGI from $140.00 to $135.00 and set a "buy" rating for the company in a research report on Tuesday, January 21st. Finally, UBS Group lifted their price target on shares of CGI from $118.00 to $122.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Two equities 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 company's stock. Based on data from MarketBeat, CGI currently has an average rating of "Buy" and an average price target of $156.75.

CGI Trading Up 3.2 %

Shares of NYSE GIB traded up $3.11 during midday trading on Friday, reaching $101.32. The stock had a trading volume of 132,758 shares, compared to its average volume of 194,027. The company's 50 day moving average price is $107.10 and its 200 day moving average price is $110.38. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.04 and a current ratio of 1.31. CGI Inc. has a twelve month low of $92.85 and a twelve month high of $122.79. The firm has a market cap of $22.97 billion, a price-to-earnings ratio of 18.23, a price-to-earnings-growth ratio of 2.58 and a beta of 0.85.

CGI (NYSE:GIB - Get Free Report) TSE: GIB.A last released its earnings results on Wednesday, January 29th. The technology company reported $1.41 earnings per share (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, sell-side analysts expect that CGI Inc. will post 5.79 EPS for the current year.

CGI Dividend Announcement

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

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.