Sprott Inc. reduced its position in CGI Group, Inc. (NYSE:GIB) (TSE:GIB.A) by 2.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 555,450 shares of the technology company’s stock after selling 11,800 shares during the period. CGI Group accounts for 1.1% of Sprott Inc.’s investment portfolio, making the stock its 9th largest position. Sprott Inc. owned about 0.19% of CGI Group worth $28,367,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of the company. US Bancorp DE raised its position in CGI Group by 2.4% in the first quarter. US Bancorp DE now owns 2,215 shares of the technology company’s stock worth $106,000 after buying an additional 52 shares during the last quarter. World Asset Management Inc raised its position in CGI Group by 0.8% in the first quarter. World Asset Management Inc now owns 16,825 shares of the technology company’s stock worth $806,000 after buying an additional 134 shares during the last quarter. EULAV Asset Management raised its position in CGI Group by 2.1% in the first quarter. EULAV Asset Management now owns 29,500 shares of the technology company’s stock worth $1,414,000 after buying an additional 600 shares during the last quarter. Eqis Capital Management Inc. raised its position in CGI Group by 7.9% in the first quarter. Eqis Capital Management Inc. now owns 12,572 shares of the technology company’s stock worth $603,000 after buying an additional 921 shares during the last quarter. Finally, Gulf International Bank UK Ltd raised its position in CGI Group by 1.5% in the first quarter. Gulf International Bank UK Ltd now owns 72,115 shares of the technology company’s stock worth $3,450,000 after buying an additional 1,100 shares during the last quarter. Institutional investors own 63.06% of the company’s stock.

CGI Group, Inc. (NYSE:GIB) opened at 51.45 on Monday. CGI Group, Inc. has a one year low of $45.73 and a one year high of $53.65. The firm has a market capitalization of $15.14 billion, a PE ratio of 18.00 and a beta of 0.93. The stock’s 50 day moving average price is $51.60 and its 200 day moving average price is $48.95.

CGI Group (NYSE:GIB) (TSE:GIB.A) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by $0.01. CGI Group had a return on equity of 17.10% and a net margin of 10.18%. The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.78 billion. During the same quarter in the previous year, the firm earned $0.89 earnings per share. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. Analysts expect that CGI Group, Inc. will post $2.92 EPS for the current year.

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A number of equities research analysts have recently commented on the company. Barclays PLC restated an “overweight” rating and set a $60.00 target price (up from $55.00) on shares of CGI Group in a research report on Thursday. Zacks Investment Research upgraded CGI Group from a “hold” rating to a “strong-buy” rating and set a $60.00 target price on the stock in a research report on Friday, July 21st. BidaskClub upgraded CGI Group from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Finally, Beacon Securities restated a “buy” rating on shares of CGI Group in a research report on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $61.00.

CGI Group Company Profile

CGI Group Inc (CGI), directly or through its subsidiaries, manages information technology (IT) services, as well as business process services (BPS). The Company’s services include the management of IT and business functions (outsourcing), systems integration and consulting, as well as the sale of software solutions.

Institutional Ownership by Quarter for CGI Group (NYSE:GIB)

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