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

Lincluden Management Ltd. reduced its stake in CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 0.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,302 shares of the technology company’s stock after selling 135 shares during the period. Lincluden Management Ltd.’s holdings in CGI were worth $3,972,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB purchased a new stake in CGI during the 3rd quarter worth about $28,000. Sierra Ocean LLC acquired a new position in shares of CGI during the fourth quarter worth about $62,000. Blue Trust Inc. increased its stake in shares of CGI by 288.2% during the third quarter. Blue Trust Inc. now owns 788 shares of the technology company’s stock worth $91,000 after buying an additional 585 shares during the period. Thrivent Financial for Lutherans acquired a new stake in CGI in the third quarter valued at approximately $209,000. Finally, Olympiad Research LP purchased a new position in CGI in the fourth quarter worth approximately $203,000. 66.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GIB. Royal Bank of Canada reissued an “outperform” rating and issued a $178.00 price objective on shares of CGI in a research report on Monday, January 6th. Jefferies Financial Group dropped their target price on 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 target on CGI from $118.00 to $122.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Finally, StockNews.com raised CGI from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $153.25.

CGI Trading Down 0.2 %

NYSE GIB opened at $112.29 on Tuesday. The firm’s fifty day moving average price is $113.03 and its 200 day moving average price is $112.71. CGI Inc. has a 12 month low of $96.92 and a 12 month high of $122.79. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.31 and a quick ratio of 1.04. The company has a market capitalization of $25.46 billion, a price-to-earnings ratio of 20.30, a price-to-earnings-growth ratio of 2.58 and a beta of 0.94.

CGI (NYSE:GIB) (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 the consensus estimate of $1.41. CGI had a return on equity of 19.32% and a net margin of 11.72%. On average, sell-side analysts expect that CGI Inc. will post 5.79 earnings per share for the current fiscal year.

CGI Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 14th will be given a dividend of $0.1039 per share. This represents a $0.42 annualized dividend and a yield of 0.37%. The ex-dividend date is Friday, February 14th. CGI’s dividend payout ratio (DPR) is 7.41%.

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.