CGI Inc. (NYSE:GIB) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. boosted its holdings in CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,942,779 shares of the technology company's stock after acquiring an additional 128,285 shares during the quarter. Vanguard Group Inc. owned about 3.50% of CGI worth $869,067,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Caisse DE Depot ET Placement DU Quebec increased its holdings 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 purchasing an additional 230,000 shares in the last quarter. National Bank of Canada FI increased its holdings in CGI by 23.6% in 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 in the last quarter. Cibc World Market Inc. increased its holdings in CGI by 2.1% in the fourth quarter. Cibc World Market Inc. now owns 1,978,249 shares of the technology company's stock valued at $216,369,000 after buying an additional 40,492 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of CGI by 8.6% during the 3rd quarter. Geode Capital Management LLC now owns 998,470 shares of the technology company's stock valued at $115,844,000 after acquiring an additional 79,362 shares during the period. Finally, Canoe Financial LP acquired a new stake in shares of CGI in the 4th quarter worth approximately $94,390,000. Institutional investors and hedge funds own 66.68% of the company's stock.

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CGI Price Performance

Shares of NYSE GIB traded down $1.74 during trading on Thursday, reaching $100.36. The company had a trading volume of 367,030 shares, compared to its average volume of 186,661. The company has a current ratio of 1.31, a quick ratio of 1.04 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $22.76 billion, a PE ratio of 18.15, a price-to-earnings-growth ratio of 2.58 and a beta of 0.96. CGI Inc. has a twelve month low of $96.75 and a twelve month high of $122.79. The stock has a 50-day moving average price of $109.53 and a two-hundred day moving average price of $111.15.

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 analysts' consensus estimates 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 predict that CGI Inc. will post 5.79 earnings per share for the current year.

CGI Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 0.41%. CGI's dividend payout ratio (DPR) is currently 7.41%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on GIB shares. Jefferies Financial Group reduced their price objective on CGI from $140.00 to $135.00 and set a "buy" rating for the company in a report on Tuesday, January 21st. Royal Bank of Canada reaffirmed an "outperform" rating and set a $192.00 price target on shares of CGI in a research note on Wednesday, March 26th. Finally, UBS Group increased their price objective on shares of CGI from $118.00 to $122.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, CGI currently has an average rating of "Buy" and an average target price of $156.75.

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.