GHP Investment Advisors Inc. purchased a new stake in CGI Group, Inc. (NYSE:GIB) (TSE:GIB.A) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,630 shares of the technology company’s stock, valued at approximately $240,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. BerganKDV Wealth Management LLC lifted its stake in CGI Group by 1.5% in the second quarter. BerganKDV Wealth Management LLC now owns 15,973 shares of the technology company’s stock valued at $816,000 after buying an additional 238 shares during the period. Lincoln National Corp raised its position in shares of CGI Group by 3.4% during the second quarter. Lincoln National Corp now owns 7,973 shares of the technology company’s stock worth $407,000 after purchasing an additional 263 shares during the period. Advisor Group Inc. raised its position in shares of CGI Group by 21.2% during the second quarter. Advisor Group Inc. now owns 2,172 shares of the technology company’s stock worth $111,000 after purchasing an additional 380 shares during the period. Regentatlantic Capital LLC raised its position in shares of CGI Group by 1.0% during the second quarter. Regentatlantic Capital LLC now owns 60,581 shares of the technology company’s stock worth $3,094,000 after purchasing an additional 575 shares during the period. Finally, Knowledge Leaders Capital LLC raised its position in shares of CGI Group by 0.8% during the second quarter. Knowledge Leaders Capital LLC now owns 72,473 shares of the technology company’s stock worth $3,705,000 after purchasing an additional 577 shares during the period. 62.57% of the stock is currently owned by hedge funds and other institutional investors.

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CGI Group, Inc. (NYSE:GIB) traded up $0.11 during midday trading on Friday, reaching $52.90. The company had a trading volume of 11,405 shares, compared to its average volume of 176,908. The stock has a market cap of $15,393.73, a price-to-earnings ratio of 18.68, a P/E/G ratio of 1.82 and a beta of 0.91. CGI Group, Inc. has a twelve month low of $45.81 and a twelve month high of $53.85. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.78.

A number of brokerages have recently weighed in on GIB. Zacks Investment Research lowered CGI Group from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Scotiabank upped their target price on CGI Group from $71.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $85.00 target price (up from $75.00) on shares of CGI Group in a research report on Thursday. Barclays PLC reaffirmed 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, August 3rd. Finally, BidaskClub lowered CGI Group from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $69.80.

About CGI Group

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

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