CGI Inc. (NYSE:GIB) Shares Acquired by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC increased its holdings in shares of CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 8.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,898 shares of the technology company’s stock after buying an additional 805 shares during the period. Orion Portfolio Solutions LLC’s holdings in CGI were worth $1,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in shares of CGI by 8.6% in the third quarter. Geode Capital Management LLC now owns 998,470 shares of the technology company’s stock valued at $115,844,000 after purchasing an additional 79,362 shares during the period. Barclays PLC lifted its stake in CGI by 182.6% in the 3rd quarter. Barclays PLC now owns 476,758 shares of the technology company’s stock valued at $54,808,000 after buying an additional 308,040 shares in the last quarter. Blue Trust Inc. lifted its stake in CGI by 47.6% in the 4th 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 in the last quarter. Jane Street Group LLC increased its stake in CGI by 19.2% during the 3rd quarter. Jane Street Group LLC now owns 39,784 shares of the technology company’s stock worth $4,574,000 after buying an additional 6,403 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of CGI by 21.1% during the third quarter. Wellington Management Group LLP now owns 96,516 shares of the technology company’s stock valued at $11,118,000 after acquiring an additional 16,844 shares during the last quarter. Institutional investors and hedge funds own 66.68% of the company’s stock.

Analyst Upgrades and Downgrades

GIB has been the topic of a number of research analyst reports. UBS Group lifted 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. Jefferies Financial Group dropped their target price on shares of CGI from $140.00 to $135.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $192.00 price target on shares of CGI in a research note on Wednesday, March 26th. 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 company’s stock. According to MarketBeat.com, CGI has an average rating of “Buy” and a consensus price target of $156.75.

CGI Price Performance

Shares of GIB stock opened at $96.51 on Friday. 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 $21.88 billion, a PE ratio of 17.45, a price-to-earnings-growth ratio of 2.58 and a beta of 0.96. The firm’s 50-day moving average is $109.23 and its two-hundred day moving average is $111.02. CGI Inc. has a 12 month low of $95.75 and a 12 month high of $122.79.

CGI (NYSE:GIB) (TSE:GIB.A) last posted its earnings results on Wednesday, January 29th. The technology company reported $1.41 earnings per share for the quarter, meeting the consensus estimate of $1.41. CGI had a net margin of 11.72% and a return on equity of 19.32%. Analysts predict that CGI Inc. will post 5.79 earnings per share for the current year.

CGI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 14th were issued a $0.1039 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend was Friday, February 14th. CGI’s dividend payout ratio (DPR) is currently 7.41%.

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.