2 weeks Ago By ABMN Staff
Dimensional Fund Advisors LP lifted its stake in shares of CGI Inc. ( NYSE:GIB – Free Report ) (TSE:GIB.A) by 22.
3% during the second quarter, Holdings Channel reports. The firm owned 625,106 shares of the technology company’s stock after buying an additional 113,903 shares during the period. Dimensional Fund Advisors LP’s holdings in CGI were worth $62,394,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Steward Partners Investment Advisory LLC lifted its stake in shares of CGI by 13,384.2% in the 4th quarter.
Steward Partners Investment Advisory LLC now owns 5,124 shares of the technology company’s stock worth $549,000 after acquiring an additional 5,086 shares during the period. Lloyd Advisory Services LLC. purchased a new position in CGI in the 4th quarter worth about $340,000.
Pinebridge Investments L.P. purchased a new stake in shares of CGI in the 4th quarter valued at approximately $421,000.
Prudential PLC boosted its position in shares of CGI by 20.9% in the fourth quarter. Prudential PLC now owns 22,889 shares of the technology company’s stock worth $2,452,000 after buying an additional 3,954 shares during the period.
Finally, Ossiam increased its holdings in shares of CGI by 59.7% in the 4th quarter. Ossiam now owns 20,029 shares of the technology company’s stock valued at $2,156,000 after purchasing an additional 7,491 shares during the period.
Institutional investors and hedge funds own 66.68% of the company’s stock. CGI Stock Down 1.
9 % NYSE GIB opened at $114.22 on Friday. CGI Inc.
has a twelve month low of $93.07 and a twelve month high of $118.89.
The stock has a market cap of $26.36 billion, a PE ratio of 22.01, a PEG ratio of 2.
63 and a beta of 0.95. The firm has a 50-day simple moving average of $110.
60 and a 200 day simple moving average of $106.77. The company has a debt-to-equity ratio of 0.
22, a quick ratio of 0.86 and a current ratio of 1.16.
Analyst Ratings Changes Several analysts recently commented on the stock. Sanford C. Bernstein upgraded shares of CGI to a “strong-buy” rating in a report on Thursday, August 1st.
CIBC downgraded shares of CGI from a “sector outperform” rating to a “neutral” rating in a report on Friday, June 21st. Jefferies Financial Group increased their price objective on CGI from $120.00 to $121.
00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Finally, UBS Group began coverage on shares of CGI in a report on Friday, July 19th. They set a “neutral” rating and a $112.
00 price target for the company. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $132.
67. View Our Latest Stock Analysis on GIB CGI Profile ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding GIB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CGI Inc.
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