CGI Inc. (NYSE:GIB) Shares Purchased by Achmea Investment Management B.V.

Achmea Investment Management B.V. increased its position in shares of CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 4.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 134,172 shares of the technology company’s stock after buying an additional 5,867 shares during the quarter. Achmea Investment Management B.V. owned about 0.06% of CGI worth $13,389,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of CGI in the 1st quarter valued at $30,000. UMB Bank n.a. increased its stake in CGI by 9,916.7% in the first quarter. UMB Bank n.a. now owns 601 shares of the technology company’s stock valued at $66,000 after purchasing an additional 595 shares during the period. CWM LLC raised its holdings in shares of CGI by 19.1% in the first quarter. CWM LLC now owns 1,185 shares of the technology company’s stock valued at $131,000 after buying an additional 190 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of CGI by 41.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,978 shares of the technology company’s stock valued at $212,000 after buying an additional 579 shares during the last quarter. Finally, Tidal Investments LLC acquired a new stake in shares of CGI during the first quarter worth about $226,000. Institutional investors and hedge funds own 66.68% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on GIB. Jefferies Financial Group increased their price objective on CGI from $120.00 to $121.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. UBS Group initiated coverage on shares of CGI in a research report on Friday, July 19th. They issued a “neutral” rating and a $112.00 price objective on the stock. CIBC downgraded shares of CGI from a “sector outperform” rating to a “neutral” rating in a research report on Friday, June 21st. Finally, Sanford C. Bernstein upgraded shares of CGI to a “strong-buy” rating in a research note on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CGI presently has an average rating of “Moderate Buy” and an average target price of $132.67.

CGI Stock Up 0.9 %

CGI stock opened at $114.89 on Thursday. The stock’s 50 day moving average price is $108.34 and its 200 day moving average price is $106.82. CGI Inc. has a 1-year low of $93.07 and a 1-year high of $118.89. The company has a market cap of $26.51 billion, a PE ratio of 22.14, a price-to-earnings-growth ratio of 2.60 and a beta of 0.95. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 0.86.

CGI Company 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.