Canada Pension Plan Investment Board Grows Stock Holdings in CGI Inc. (NYSE:GIB)

Canada Pension Plan Investment Board grew its position in shares of CGI Inc. (NYSE:GIBFree Report) (TSE:GIB.A) by 7.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 636,950 shares of the technology company’s stock after buying an additional 42,750 shares during the quarter. Canada Pension Plan Investment Board owned 0.27% of CGI worth $63,073,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GIB. Vanguard Personalized Indexing Management LLC raised its position in CGI by 14.9% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 10,891 shares of the technology company’s stock worth $1,073,000 after acquiring an additional 1,413 shares during the period. Van ECK Associates Corp grew its stake in shares of CGI by 3.4% in the 3rd quarter. Van ECK Associates Corp now owns 27,457 shares of the technology company’s stock worth $2,707,000 after buying an additional 915 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of CGI by 1.0% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 17,369 shares of the technology company’s stock worth $1,711,000 after buying an additional 175 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of CGI by 6.8% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 2,477 shares of the technology company’s stock worth $244,000 after purchasing an additional 158 shares during the period. Finally, Quantbot Technologies LP purchased a new position in shares of CGI during the 3rd quarter worth about $41,000. Hedge funds and other institutional investors own 49.02% of the company’s stock.

CGI Price Performance

GIB stock opened at $114.37 on Friday. CGI Inc. has a 12 month low of $88.74 and a 12 month high of $116.03. The company has a current ratio of 1.11, a quick ratio of 0.86 and a debt-to-equity ratio of 0.22. The company has a 50-day moving average price of $107.47 and a 200 day moving average price of $102.89. The stock has a market cap of $26.57 billion, a PE ratio of 22.29, a P/E/G ratio of 2.11 and a beta of 0.93.

CGI (NYSE:GIBGet Free Report) (TSE:GIB.A) last released its quarterly earnings data on Wednesday, November 8th. The technology company reported $1.33 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.33. CGI had a net margin of 11.34% and a return on equity of 20.65%. The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.62 billion. Equities research analysts anticipate that CGI Inc. will post 5.71 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of CGI from a “buy” rating to a “hold” rating in a research note on Monday, February 5th.

Check Out Our Latest Analysis on GIB

CGI Company 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.

See Also

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Institutional Ownership by Quarter for CGI (NYSE:GIB)

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