OxFORD Asset Management LLP Increases Stake in CGI Group, Inc. (GIB)
OxFORD Asset Management LLP grew its holdings in CGI Group, Inc. (NYSE:GIB) (TSE:GIB.A) by 9.3% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 47,214 shares of the technology company’s stock after buying an additional 4,010 shares during the period. OxFORD Asset Management LLP’s holdings in CGI Group were worth $2,411,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in GIB. US Bancorp DE raised its holdings in shares of CGI Group by 2.4% in the first quarter. US Bancorp DE now owns 2,215 shares of the technology company’s stock valued at $106,000 after buying an additional 52 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of CGI Group by 2.5% in the first quarter. Bank of New York Mellon Corp now owns 317,938 shares of the technology company’s stock valued at $15,239,000 after buying an additional 7,741 shares during the last quarter. UBS Asset Management Americas Inc. raised its holdings in shares of CGI Group by 2.7% in the first quarter. UBS Asset Management Americas Inc. now owns 651,590 shares of the technology company’s stock valued at $31,132,000 after buying an additional 16,865 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in shares of CGI Group by 97.6% in the first quarter. Parametric Portfolio Associates LLC now owns 76,000 shares of the technology company’s stock valued at $3,643,000 after buying an additional 37,531 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of CGI Group in the first quarter valued at about $173,000. 70.69% of the stock is owned by institutional investors and hedge funds.
CGI Group, Inc. (NYSE GIB) opened at 51.79 on Thursday. The stock’s 50 day moving average is $51.08 and its 200-day moving average is $49.92. CGI Group, Inc. has a 52 week low of $45.73 and a 52 week high of $53.65. The firm has a market capitalization of $15.29 billion, a price-to-earnings ratio of 17.48 and a beta of 0.92.
CGI Group (NYSE:GIB) (TSE:GIB.A) last issued its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.70 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.01). The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.78 billion. CGI Group had a net margin of 10.18% and a return on equity of 17.10%. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.89 earnings per share. On average, equities research analysts expect that CGI Group, Inc. will post $2.98 EPS for the current year.
A number of equities research analysts have recently commented on GIB shares. Zacks Investment Research raised shares of CGI Group from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a report on Wednesday. Barclays PLC reaffirmed an “overweight” rating and issued a $60.00 target price (up from $55.00) on shares of CGI Group in a report on Wednesday, August 9th. Finally, BidaskClub cut shares of CGI Group from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $64.00.
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.
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