Kathmere Capital Management LLC Raises Stake in CGI Inc. (NYSE:GIB)

Kathmere Capital Management LLC lifted its position in shares of CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 18.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 11,594 shares of the technology company’s stock after buying an additional 1,817 shares during the period. Kathmere Capital Management LLC’s holdings in CGI were worth $1,267,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of GIB. Wilmington Savings Fund Society FSB purchased a new position in shares of CGI during the 3rd quarter worth $28,000. Blue Trust Inc. increased its stake in CGI by 288.2% in the third quarter. Blue Trust Inc. now owns 788 shares of the technology company’s stock valued at $91,000 after purchasing an additional 585 shares during the last quarter. CWM LLC lifted its position in CGI by 14.8% during the third quarter. CWM LLC now owns 1,365 shares of the technology company’s stock worth $157,000 after buying an additional 176 shares during the period. Werba Rubin Papier Wealth Management purchased a new position in CGI during the third quarter worth about $208,000. Finally, Thrivent Financial for Lutherans acquired a new stake in CGI in the 3rd quarter worth about $209,000. Institutional investors and hedge funds own 66.68% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. StockNews.com raised shares of CGI from a “sell” rating to a “hold” rating in a research note on Friday, November 15th. CIBC raised shares of CGI from a “neutral” rating to an “outperformer” rating and upped their price target for the stock from $155.00 to $178.00 in a research report on Tuesday, October 15th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $178.00 price target on shares of CGI in a research note on Monday, January 6th. Finally, Cibc World Mkts raised shares of CGI from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 15th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $147.25.

CGI Stock Performance

Shares of GIB opened at $107.44 on Wednesday. The firm has a market cap of $24.49 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 2.55 and a beta of 0.95. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.29. CGI Inc. has a 52-week low of $96.92 and a 52-week high of $118.89. The business’s 50 day moving average is $110.70 and its two-hundred day moving average is $110.65.

CGI Dividend Announcement

The company also recently disclosed a — dividend, which was paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th were paid a dividend of $0.111 per share. This represents a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, November 20th. CGI’s payout ratio is currently 8.55%.

About CGI

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.