Quantbot Technologies LP Makes New $506,000 Investment in CGI Inc. (NYSE:GIB)

Quantbot Technologies LP purchased a new position in CGI Inc. (NYSE:GIB) (TSE:GIB.A) in the 4th quarter, HoldingsChannel reports. The fund purchased 4,632 shares of the technology company’s stock, valued at approximately $506,000.

Other institutional investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in CGI in the third quarter valued at $28,000. Sierra Ocean LLC acquired a new stake in CGI in the 4th quarter valued at about $62,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of CGI during the fourth quarter worth about $83,000. Blue Trust Inc. grew its position in shares of CGI by 47.6% during the fourth quarter. Blue Trust Inc. now owns 1,163 shares of the technology company’s stock worth $134,000 after buying an additional 375 shares in the last quarter. Finally, Olympiad Research LP purchased a new stake in shares of CGI during the fourth quarter worth approximately $203,000. Institutional investors and hedge funds own 66.68% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on GIB shares. Jefferies Financial Group lowered their price target 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. Royal Bank of Canada reiterated an “outperform” rating and set a $192.00 target price on shares of CGI in a research note on Wednesday. Finally, UBS Group increased their target price on CGI from $118.00 to $122.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, CGI has a consensus rating of “Buy” and an average target price of $156.75.

CGI Stock Down 0.8 %

GIB stock opened at $99.38 on Friday. The company’s 50 day moving average is $110.52 and its two-hundred day moving average is $111.65. CGI Inc. has a twelve month low of $96.92 and a twelve month high of $122.79. The company has a current ratio of 1.31, a quick ratio of 1.04 and a debt-to-equity ratio of 0.28. The stock has a market cap of $22.53 billion, a P/E ratio of 17.97, a PEG ratio of 2.58 and a beta of 0.96.

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

CGI Dividend Announcement

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