2 weeks Ago By ABMN Staff
The Manufacturers Life Insurance Company cut its holdings in CGI Inc. ( NYSE:GIB – Free Report ) (TSE:GIB.A) by 4.
4% during the second quarter, Holdings Channel.com reports. The fund owned 5,572,510 shares of the technology company’s stock after selling 258,588 shares during the period.
The Manufacturers Life Insurance Company’s holdings in CGI were worth $555,400,000 at the end of the most recent quarter. A number of other institutional investors have also recently bought and sold shares of GIB. Janus Henderson Group PLC lifted its stake in shares of CGI by 3,776.
8% in the 1st quarter. Janus Henderson Group PLC now owns 699,798 shares of the technology company’s stock valued at $77,381,000 after purchasing an additional 681,747 shares during the period. Goldman Sachs Group Inc.
increased its holdings in CGI by 54.3% in the fourth quarter. Goldman Sachs Group Inc.
now owns 735,174 shares of the technology company’s stock valued at $78,818,000 after purchasing an additional 258,651 shares during the last quarter. Bessemer Group Inc. increased its holdings in CGI by 9,135.
3% in the first quarter. Bessemer Group Inc. now owns 126,986 shares of the technology company’s stock valued at $14,011,000 after purchasing an additional 125,611 shares during the last quarter.
Andra AP fonden acquired a new position in CGI in the second quarter valued at about $11,418,000. Finally, Dimensional Fund Advisors LP boosted its holdings in CGI by 22.3% during the second quarter.
Dimensional Fund Advisors LP now owns 625,106 shares of the technology company’s stock worth $62,394,000 after buying an additional 113,903 shares during the last quarter. Institutional investors and hedge funds own 66.68% of the company’s stock.
Wall Street Analyst Weigh In GIB has been the subject of a number of recent analyst reports. CIBC cut CGI from a “sector outperform” rating to a “neutral” rating in a research note on Friday, June 21st. Jefferies Financial Group upped their target price on shares of CGI from $120.
00 to $121.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Sanford C.
Bernstein raised shares of CGI to a “strong-buy” rating in a research report on Thursday, August 1st. Finally, UBS Group started coverage on shares of CGI in a report on Friday, July 19th. They issued a “neutral” rating and a $112.
00 price target for the company. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.
67. CGI Price Performance Shares of GIB opened at $116.40 on Friday.
The stock has a 50 day simple moving average of $110.40 and a 200 day simple moving average of $106.71.
CGI Inc. has a 52-week low of $93.07 and a 52-week high of $118.
89. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.
86 and a current ratio of 1.16. The firm has a market capitalization of $26.
86 billion, a PE ratio of 22.43, a P/E/G ratio of 2.63 and a beta of 0.
95. CGI ( NYSE:GIB – Get Free Report ) (TSE:GIB.A) last released its quarterly earnings results on Wednesday, July 31st.
The technology company reported $1.40 earnings per share for the quarter, meeting the consensus estimate of $1.40.
CGI had a net margin of 11.51% and a return on equity of 20.21%.
The company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.67 billion.
Sell-side analysts predict that CGI Inc. will post 5.55 EPS for the current fiscal year.
About CGI ( 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. ( NYSE:GIB – Free Report ) (TSE:GIB.
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