Janus Henderson Group PLC Has $78.89 Million Stake in CGI Inc. (NYSE:GIB)

Janus Henderson Group PLC reduced its stake in shares of CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 0.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 687,547 shares of the technology company’s stock after selling 6,167 shares during the quarter. Janus Henderson Group PLC owned 0.30% of CGI worth $78,888,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GIB. Tidal Investments LLC acquired a new stake in shares of CGI during the 1st quarter worth about $226,000. Cigna Investments Inc. New increased its holdings in CGI by 3.8% during the 2nd quarter. Cigna Investments Inc. New now owns 3,948 shares of the technology company’s stock valued at $394,000 after purchasing an additional 146 shares in the last quarter. Cidel Asset Management Inc. increased its holdings in CGI by 0.8% during the 2nd quarter. Cidel Asset Management Inc. now owns 254,738 shares of the technology company’s stock valued at $25,421,000 after purchasing an additional 2,053 shares in the last quarter. Walter Public Investments Inc. increased its holdings in CGI by 4.0% during the 2nd quarter. Walter Public Investments Inc. now owns 206,214 shares of the technology company’s stock valued at $20,575,000 after purchasing an additional 8,004 shares in the last quarter. Finally, MinichMacGregor Wealth Management LLC increased its holdings in CGI by 3.1% during the 2nd quarter. MinichMacGregor Wealth Management LLC now owns 8,984 shares of the technology company’s stock valued at $897,000 after purchasing an additional 270 shares in the last quarter. 66.68% of the stock is owned by institutional investors.

CGI Stock Up 0.9 %

NYSE GIB opened at $113.07 on Thursday. The stock has a fifty day moving average of $113.09 and a 200-day moving average of $108.72. The stock has a market capitalization of $25.77 billion, a P/E ratio of 21.02, a price-to-earnings-growth ratio of 2.55 and a beta of 0.94. CGI Inc. has a 52 week low of $96.92 and a 52 week high of $118.89. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.02 and a current ratio of 1.36.

CGI Announces Dividend

The business also recently declared a — dividend, which will be paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th will be given a $0.111 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a dividend yield of 0.4%. CGI’s dividend payout ratio is currently 8.18%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on GIB shares. StockNews.com raised CGI from a “sell” rating to a “hold” rating in a report on Friday, November 15th. Cibc World Mkts raised CGI from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 15th. Finally, CIBC raised CGI from a “neutral” rating to an “outperformer” rating and raised their price target for the company from $155.00 to $178.00 in a report on Tuesday, October 15th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $137.00.

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.