CGI Inc. (NYSE:GIB) Shares Sold by Galibier Capital Management Ltd.

Galibier Capital Management Ltd. trimmed its position in CGI Inc. (NYSE:GIBFree Report) (TSE:GIB.A) by 33.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 231,315 shares of the technology company’s stock after selling 114,530 shares during the quarter. CGI comprises approximately 6.5% of Galibier Capital Management Ltd.’s holdings, making the stock its 9th largest position. Galibier Capital Management Ltd. owned 0.10% of CGI worth $24,902,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of GIB. Vanguard Group Inc. increased its position in CGI by 1.8% during the third quarter. Vanguard Group Inc. now owns 7,578,327 shares of the technology company’s stock worth $746,389,000 after acquiring an additional 132,166 shares during the period. Mackenzie Financial Corp increased its holdings in CGI by 15.0% in the 3rd quarter. Mackenzie Financial Corp now owns 6,190,061 shares of the technology company’s stock valued at $598,239,000 after buying an additional 805,973 shares during the period. Fiera Capital Corp grew its holdings in shares of CGI by 3.4% in the 3rd quarter. Fiera Capital Corp now owns 3,813,033 shares of the technology company’s stock worth $376,884,000 after purchasing an additional 125,604 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of CGI by 12.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,505,781 shares of the technology company’s stock worth $348,026,000 after purchasing an additional 401,717 shares during the last quarter. Finally, Norges Bank bought a new stake in CGI during the 4th quarter worth about $203,388,000. 66.68% of the stock is currently owned by institutional investors and hedge funds.

CGI Trading Down 0.4 %

Shares of NYSE GIB traded down $0.39 during mid-day trading on Wednesday, hitting $108.79. The company’s stock had a trading volume of 60,424 shares, compared to its average volume of 134,329. The stock has a market cap of $25.27 billion, a price-to-earnings ratio of 21.27, a price-to-earnings-growth ratio of 2.03 and a beta of 0.92. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.11 and a quick ratio of 0.86. CGI Inc. has a one year low of $93.07 and a one year high of $118.89. The company’s fifty day simple moving average is $113.71 and its 200-day simple moving average is $106.22.

CGI (NYSE:GIBGet Free Report) (TSE:GIB.A) last issued its earnings results on Wednesday, January 31st. The technology company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.03. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.59 billion. CGI had a net margin of 11.34% and a return on equity of 20.65%. On average, sell-side analysts anticipate that CGI Inc. will post 5.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, lowered shares of CGI from a “buy” rating to a “hold” rating in a report on Monday, March 11th.

Get Our Latest Stock Analysis on GIB

CGI Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CGI (NYSE:GIB)

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