CGI Group, Inc. $GIB Stock Sold by New South Capital Management Inc.

New South Capital Management Inc. lessened its stake in CGI Group, Inc. (NYSE:GIB) (TSE:GIB.A) by 24.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 388,879 shares of the technology company’s stock after selling 125,053 shares during the period. CGI Group accounts for approximately 1.8% of New South Capital Management Inc.’s portfolio, making the stock its 18th largest position. New South Capital Management Inc. owned approximately 0.19% of CGI Group worth $26,455,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in GIB. EverSource Wealth Advisors LLC boosted its position in shares of CGI Group by 21.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,334 shares of the technology company’s stock valued at $98,000 after purchasing an additional 237 shares during the period. Net Worth Advisory Group lifted its stake in CGI Group by 6.1% in the third quarter. Net Worth Advisory Group now owns 4,976 shares of the technology company’s stock valued at $353,000 after buying an additional 285 shares during the last quarter. Tidal Investments LLC lifted its stake in CGI Group by 5.4% in the second quarter. Tidal Investments LLC now owns 14,457 shares of the technology company’s stock valued at $933,000 after buying an additional 739 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of CGI Group by 48.0% in the third quarter. Versant Capital Management Inc now owns 2,313 shares of the technology company’s stock valued at $158,000 after acquiring an additional 750 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its holdings in shares of CGI Group by 10.0% in the third quarter. Crossmark Global Holdings Inc. now owns 8,378 shares of the technology company’s stock valued at $570,000 after acquiring an additional 762 shares during the period. 66.68% of the stock is owned by hedge funds and other institutional investors.

CGI Group News Summary

Investors following GIB have been watching these news items:

• Positive Sentiment: Fourth-quarter revenue rose 3.3% to C$4.15 billion, while reported net earnings increased 20.8% and diluted EPS rose 30.2% year over year. The company also reported bookings of C$4.53 billion, a 109.2% book-to-bill ratio, and operating cash flow of C$551.9 million. CGI fiscal 2026 results
• Positive Sentiment: CGI declared a quarterly dividend of C$0.18 per share, an 8.8% increase from the previous payment. A dividend increase may appeal to income-focused investors. CGI fiscal 2026 results
• Neutral Sentiment: Underlying growth was more restrained: fourth-quarter revenue increased 2.5% in constant currency, adjusted EBIT rose 1.6%, and adjusted net earnings rose 0.8%. Investors may weigh that modest adjusted growth against the stronger reported profit figures. CGI fiscal 2026 results

CGI Group Stock Performance

NYSE:GIB opened at $81.15 on Thursday. CGI Group, Inc. has a fifty-two week low of $59.63 and a fifty-two week high of $95.20. The company has a market cap of $16.80 billion, a P/E ratio of 13.92 and a beta of 0.42. The company has a quick ratio of 0.66, a current ratio of 0.93 and a debt-to-equity ratio of 0.28. The firm’s 50 day moving average is $74.36 and its two-hundred day moving average is $72.18.

CGI Group (NYSE:GIB) (TSE:GIB.A) last announced its quarterly earnings results on Wednesday, November 11th. The technology company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.01. The firm had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.90 billion. CGI Group had a net margin of 10.54% and a return on equity of 18.83%. Analysts expect that CGI Group, Inc. will post 6.36 EPS for the current year.

CGI Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, November 27th will be given a C$0.18 dividend. This represents a $0.74 annualized dividend and a yield of 0.9%. This is a positive change from CGI Group’s previous quarterly dividend of C$0.17. The ex-dividend date of this dividend is Friday, November 27th. CGI Group’s dividend payout ratio is 8.23%.

Analysts Set New Price Targets

A number of brokerages have recently commented on GIB. TD Securities cut shares of CGI Group from a “buy” rating to a “hold” rating in a report on Thursday, July 23rd. Royal Bank Of Canada reissued a “sector perform” rating and set a $100.00 price target on shares of CGI Group in a report on Tuesday, October 6th. Finally, Weiss Ratings upgraded shares of CGI Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 21st. Six research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $85.00.

CGI Group Profile

CGI Inc., formerly known as CGI Group, is a Canadian information technology and business consulting company founded in 1976 in Montréal. It works with businesses and government organizations to plan, build and operate technology and business systems. The company provides IT and business consulting, systems integration, application development and maintenance, managed IT services, and business process services. Its work also covers areas such as cloud computing, cybersecurity, data analytics and digital transformation.