Dynamic Technology Lab Private Ltd purchased a new position in CGI Inc (NYSE:GIB) (TSE:GIB.A) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 6,731 shares of the technology company’s stock, valued at approximately $463,000.

Several other institutional investors have also bought and sold shares of GIB. Bremer Bank National Association acquired a new stake in shares of CGI in the 1st quarter worth about $25,000. Rockefeller Capital Management L.P. acquired a new stake in shares of CGI in the 1st quarter worth about $25,000. Parallel Advisors LLC increased its holdings in shares of CGI by 59.0% in the 1st quarter. Parallel Advisors LLC now owns 574 shares of the technology company’s stock worth $39,000 after acquiring an additional 213 shares during the period. Icon Wealth Partners LLC acquired a new stake in shares of CGI in the 1st quarter worth about $54,000. Finally, Bartlett & Co. LLC acquired a new stake in shares of CGI in the 1st quarter worth about $56,000. Institutional investors own 56.85% of the company’s stock.

A number of analysts recently weighed in on the stock. Bank of America assumed coverage on shares of CGI in a report on Thursday, May 23rd. They issued a “buy” rating and a $83.00 price objective on the stock. CIBC cut shares of CGI from a “sector outperform” rating to a “neutral” rating in a report on Thursday, April 25th. Finally, Zacks Investment Research cut shares of CGI from a “buy” rating to a “hold” rating in a report on Monday, May 6th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $80.00.

GIB stock opened at $75.57 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 1.16. CGI Inc has a fifty-two week low of $57.35 and a fifty-two week high of $75.94. The stock has a market capitalization of $20.63 billion, a P/E ratio of 23.54, a PEG ratio of 2.26 and a beta of 0.54.

CGI (NYSE:GIB) (TSE:GIB.A) last released its earnings results on Wednesday, May 1st. The technology company reported $1.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.28. The firm had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.06 billion. CGI had a net margin of 10.29% and a return on equity of 18.34%. CGI’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the company earned $1.04 EPS. As a group, research analysts forecast that CGI Inc will post 3.55 earnings per share for the current fiscal year.

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About CGI

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services in Canada, Northern Europe, France, the United States, the United Kingdom, Europe, and the Asia Pacific. Its services include the management of IT and business outsourcing, systems integration and consulting, and software solutions selling activities.

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Institutional Ownership by Quarter for CGI (NYSE:GIB)

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