Empower Advisory Group LLC Has $949,000 Position in CGI Inc. (NYSE:GIB)

Empower Advisory Group LLC cut its position in shares of CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 28.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,236 shares of the technology company’s stock after selling 3,334 shares during the quarter. Empower Advisory Group LLC’s holdings in CGI were worth $949,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of CGI by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 7,603,481 shares of the technology company’s stock worth $840,109,000 after purchasing an additional 64,037 shares in the last quarter. Fiera Capital Corp boosted its stake in CGI by 2.7% during the third quarter. Fiera Capital Corp now owns 4,384,639 shares of the technology company’s stock worth $505,173,000 after buying an additional 114,864 shares in the last quarter. TD Asset Management Inc increased its holdings in CGI by 2.0% in the 2nd quarter. TD Asset Management Inc now owns 2,203,320 shares of the technology company’s stock valued at $219,873,000 after buying an additional 43,355 shares during the period. Cibc World Market Inc. raised its stake in shares of CGI by 6.2% in the 2nd quarter. Cibc World Market Inc. now owns 1,803,131 shares of the technology company’s stock valued at $180,025,000 after buying an additional 105,817 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of CGI by 3,776.8% during the 1st quarter. Janus Henderson Group PLC now owns 699,798 shares of the technology company’s stock worth $77,381,000 after acquiring an additional 681,747 shares during the period. 66.68% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

GIB has been the topic of a number of analyst reports. Cibc World Mkts raised shares of CGI from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 15th. StockNews.com raised CGI from a “sell” rating to a “hold” rating in a report on Friday. CIBC upgraded CGI from a “neutral” rating to an “outperformer” rating and raised their target price for the stock from $155.00 to $178.00 in a research report on Tuesday, October 15th. Sanford C. Bernstein upgraded CGI to a “strong-buy” rating in a research report on Thursday, August 1st. Finally, UBS Group assumed coverage on shares of CGI in a research note on Friday, July 19th. They issued a “neutral” rating and a $112.00 target price on the stock. Two analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $137.00.

CGI Trading Down 4.5 %

GIB stock opened at $107.06 on Friday. The business has a fifty day moving average price of $113.93 and a 200 day moving average price of $107.84. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.36 and a quick ratio of 1.02. CGI Inc. has a fifty-two week low of $96.92 and a fifty-two week high of $118.89. The stock has a market capitalization of $24.40 billion, a price-to-earnings ratio of 19.90, a P/E/G ratio of 2.37 and a beta of 0.96.

CGI Dividend Announcement

The firm also recently declared a — dividend, which will be paid on Friday, December 20th. Investors of record on Wednesday, November 20th will be issued a $0.111 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a dividend yield of 0.4%.

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.