WCM Investment Management LLC Buys 11,082 Shares of CGI Inc. (NYSE:GIB)

WCM Investment Management LLC raised its position in shares of CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 88.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,634 shares of the technology company's stock after purchasing an additional 11,082 shares during the quarter. WCM Investment Management LLC's holdings in CGI were worth $2,583,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC boosted its holdings in shares of CGI by 14.8% during the 3rd quarter. CWM LLC now owns 1,365 shares of the technology company's stock valued at $157,000 after acquiring an additional 176 shares during the last quarter. Creative Planning boosted its holdings in shares of CGI by 16.1% during the 3rd quarter. Creative Planning now owns 25,179 shares of the technology company's stock valued at $2,895,000 after acquiring an additional 3,490 shares during the last quarter. Walter Public Investments Inc. boosted its holdings in shares of CGI by 10.5% during the 3rd quarter. Walter Public Investments Inc. now owns 227,796 shares of the technology company's stock valued at $26,194,000 after acquiring an additional 21,582 shares during the last quarter. Net Worth Advisory Group purchased a new stake in shares of CGI during the 3rd quarter valued at about $467,000. Finally, Blue Trust Inc. boosted its holdings in shares of CGI by 288.2% during the 3rd quarter. Blue Trust Inc. now owns 788 shares of the technology company's stock valued at $91,000 after acquiring an additional 585 shares during the last quarter. 66.68% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

GIB has been the topic of a number of recent analyst reports. Jefferies Financial Group dropped their price target on shares of CGI from $140.00 to $135.00 and set a "buy" rating on the stock in a report on Tuesday, January 21st. UBS Group raised their price objective on shares of CGI from $118.00 to $122.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Royal Bank of Canada reissued an "outperform" rating and issued a $178.00 price objective on shares of CGI in a report on Monday, January 6th. Finally, StockNews.com raised shares of CGI from a "sell" rating to a "hold" rating in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $153.25.

CGI Stock Performance

NYSE GIB traded down $1.98 on Friday, reaching $120.45. 207,297 shares of the stock were exchanged, compared to its average volume of 211,720. CGI Inc. has a one year low of $96.92 and a one year high of $122.79. The firm has a market capitalization of $27.31 billion, a PE ratio of 21.78, a PEG ratio of 2.62 and a beta of 0.94. The company's 50-day simple moving average is $112.41 and its two-hundred day simple moving average is $112.20. The company has a current ratio of 1.31, a quick ratio of 1.04 and a debt-to-equity ratio of 0.28.

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

CGI Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 14th will be paid a dividend of $0.1039 per share. This represents a $0.42 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend is Friday, February 14th. CGI's payout ratio is 8.32%.

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.