Unigestion Holding SA Has $3.03 Million Stock Position in CGI Inc. (NYSE:GIB)

Unigestion Holding SA grew its stake in shares of CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 75.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 26,310 shares of the technology company's stock after buying an additional 11,280 shares during the period. Unigestion Holding SA's holdings in CGI were worth $3,027,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Toronto Dominion Bank raised its holdings in shares of CGI by 23.9% in the 3rd quarter. Toronto Dominion Bank now owns 561,741 shares of the technology company's stock worth $64,578,000 after purchasing an additional 108,428 shares during the period. Geode Capital Management LLC lifted its position in CGI by 8.6% during the third quarter. Geode Capital Management LLC now owns 998,470 shares of the technology company's stock valued at $115,844,000 after buying an additional 79,362 shares in the last quarter. Barclays PLC increased its position 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 acquiring an additional 308,040 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of CGI during the 3rd quarter valued at $5,081,000. Finally, National Bank of Canada FI lifted 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 worth $519,072,000 after purchasing an additional 861,771 shares in the last quarter. 66.68% of the stock is currently owned by institutional investors and hedge funds.

CGI Price Performance

Shares of NYSE GIB traded up $0.53 during midday trading on Wednesday, reaching $114.68. The company's stock had a trading volume of 104,672 shares, compared to its average volume of 150,325. CGI Inc. has a one year low of $96.92 and a one year high of $118.89. The company has a market cap of $26.14 billion, a price-to-earnings ratio of 21.28, a price-to-earnings-growth ratio of 2.55 and a beta of 0.94. The company has a 50 day moving average price of $112.97 and a 200 day moving average price of $109.00. The company has a current ratio of 1.36, a quick ratio of 1.02 and a debt-to-equity ratio of 0.29.

CGI Announces Dividend

The company also recently disclosed a -- dividend, which will be paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th will be paid a dividend of $0.111 per share. This represents a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, November 20th. CGI's dividend payout ratio is presently 8.18%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on GIB shares. CIBC upgraded CGI from a "neutral" rating to an "outperformer" rating and upped their price target for the stock from $155.00 to $178.00 in a report on Tuesday, October 15th. StockNews.com upgraded CGI from a "sell" rating to a "hold" rating in a research note on Friday, November 15th. Finally, Cibc World Mkts upgraded CGI from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 15th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average 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.