Ativo Capital Management LLC Has $1.59 Million Stock Position in CGI Inc. (NYSE:GIB)

Ativo Capital Management LLC reduced its stake in CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,542 shares of the technology company’s stock after selling 300 shares during the quarter. CGI comprises 1.6% of Ativo Capital Management LLC’s holdings, making the stock its 13th largest position. Ativo Capital Management LLC’s holdings in CGI were worth $1,590,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of CGI during the 3rd quarter worth approximately $28,000. Sierra Ocean LLC bought a new position in CGI during the fourth quarter worth $62,000. Blue Trust Inc. raised its stake in CGI by 288.2% during the third quarter. Blue Trust Inc. now owns 788 shares of the technology company’s stock worth $91,000 after buying an additional 585 shares during the last quarter. Thrivent Financial for Lutherans bought a new position in CGI during the third quarter worth $209,000. Finally, Atria Investments Inc bought a new position in CGI during the third quarter worth $218,000. 66.68% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on GIB shares. Jefferies Financial Group decreased their price target on shares of CGI from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Royal Bank of Canada restated an “outperform” rating and set a $178.00 price target on shares of CGI in a report on Monday, January 6th. UBS Group boosted their target price on shares of CGI from $118.00 to $122.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Finally, StockNews.com upgraded shares of CGI from a “sell” rating to a “hold” rating in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $153.25.

CGI Trading Down 4.0 %

Shares of GIB opened at $112.58 on Friday. The firm’s 50-day moving average price is $112.99 and its 200-day moving average price is $112.52. The firm has a market capitalization of $25.52 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 2.60 and a beta of 0.94. The company has a current ratio of 1.31, a quick ratio of 1.04 and a debt-to-equity ratio of 0.28. CGI Inc. has a 1-year low of $96.92 and a 1-year high of $122.79.

CGI (NYSE:GIB) (TSE:GIB.A) last issued its quarterly earnings results on Wednesday, January 29th. The technology company reported $1.41 earnings per share (EPS) 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%. Sell-side analysts anticipate that CGI Inc. will post 5.79 EPS for the current year.

CGI Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 14th will be given a dividend of $0.1039 per share. The ex-dividend date is Friday, February 14th. This represents a $0.42 annualized dividend and a yield of 0.37%. CGI’s dividend payout ratio (DPR) is 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.