Union Bancaire Privee UBP SA Purchases New Position in CGI Inc. (NYSE:GIB)

Union Bancaire Privee UBP SA purchased a new stake in shares of CGI Inc. (NYSE:GIB) (TSE:GIB.A) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 15,802 shares of the technology company’s stock, valued at approximately $1,738,000.

Other hedge funds also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new position in CGI during the 3rd quarter valued at about $28,000. Sierra Ocean LLC purchased a new position in CGI during the 4th quarter valued at about $62,000. Blue Trust Inc. increased its holdings in CGI by 288.2% during the 3rd 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 period. Olympiad Research LP purchased a new position in CGI during the 4th quarter valued at about $203,000. Finally, Thrivent Financial for Lutherans bought a new stake in CGI during the 3rd quarter valued at approximately $209,000. Hedge funds and other institutional investors own 66.68% of the company’s stock.

Wall Street Analysts Forecast Growth

GIB has been the topic of several research reports. Jefferies Financial Group cut their price objective on CGI from $140.00 to $135.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $178.00 price objective on shares of CGI in a research report on Monday, January 6th. UBS Group lifted their price objective on CGI from $118.00 to $122.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Finally, StockNews.com raised CGI from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $153.25.

CGI Price Performance

Shares of NYSE GIB opened at $112.58 on Monday. CGI Inc. has a twelve month low of $96.92 and a twelve month high of $122.79. The firm has a market cap of $25.52 billion, a P/E ratio of 20.36, a PEG ratio of 2.58 and a beta of 0.94. The company has a 50 day moving average of $112.99 and a 200 day moving average of $112.66. The company has a quick ratio of 1.04, a current ratio of 1.31 and a debt-to-equity ratio of 0.28.

CGI (NYSE:GIB) (TSE:GIB.A) last announced its quarterly earnings data on Wednesday, January 29th. The technology company reported $1.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.41. CGI had a net margin of 11.72% and a return on equity of 19.32%. As a group, research analysts expect that CGI Inc. will post 5.79 EPS for the current fiscal year.

CGI Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 14th will be issued a $0.1039 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.42 dividend on an annualized basis and a yield of 0.37%. CGI’s payout ratio is currently 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.