Wellington Management Group LLP Acquires 5,564 Shares of CGI Inc. (NYSE:GIB)

Wellington Management Group LLP boosted its stake in shares of CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 5.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 102,080 shares of the technology company's stock after buying an additional 5,564 shares during the quarter. Wellington Management Group LLP's holdings in CGI were worth $11,163,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in GIB. Wilmington Savings Fund Society FSB acquired a new stake in CGI during the 3rd quarter worth about $28,000. Sierra Ocean LLC acquired a new stake in CGI during the fourth quarter worth approximately $62,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in CGI in the fourth quarter valued at approximately $83,000. Blue Trust Inc. lifted its stake in CGI by 47.6% in the fourth quarter. Blue Trust Inc. now owns 1,163 shares of the technology company's stock valued at $134,000 after buying an additional 375 shares during the period. Finally, Olympiad Research LP bought a new position in shares of CGI during the 4th quarter worth approximately $203,000. Institutional investors own 66.68% of the company's stock.

CGI Stock Up 0.3 %

NYSE:GIB traded up $0.26 during trading hours on Tuesday, hitting $103.32. 44,795 shares of the company traded hands, compared to its average volume of 195,056. CGI Inc. has a one year low of $92.85 and a one year high of $122.79. The company has a quick ratio of 1.04, a current ratio of 1.31 and a debt-to-equity ratio of 0.28. The company has a market cap of $23.43 billion, a PE ratio of 18.67, a PEG ratio of 2.58 and a beta of 0.85. The firm's 50-day simple moving average is $106.43 and its 200-day simple moving average is $110.18.

CGI (NYSE:GIB - Get Free Report) TSE: GIB.A last issued its quarterly earnings data on Wednesday, January 29th. The technology company reported $1.41 earnings per share (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%. Equities analysts predict that CGI Inc. will post 5.79 earnings per share for the current year.

CGI Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 14th were given a dividend of $0.1039 per share. This represents a $0.42 annualized dividend and a dividend yield of 0.40%. The ex-dividend date was Friday, February 14th. CGI's dividend payout ratio is presently 7.41%.

Wall Street Analyst Weigh In

GIB has been the topic of several research reports. Royal Bank of Canada reiterated an "outperform" rating and set a $192.00 price objective on shares of CGI in a report on Wednesday, March 26th. UBS Group upped their price target on CGI from $118.00 to $122.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Finally, 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 research note on Tuesday, January 21st. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $156.75.

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.