CGI Inc. (NYSE:GIB) Shares Acquired by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. grew its position in CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 5.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 661,479 shares of the technology company's stock after purchasing an additional 35,654 shares during the period. TD Waterhouse Canada Inc. owned approximately 0.29% of CGI worth $72,145,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Metis Global Partners LLC raised its holdings in shares of CGI by 1.0% during the fourth quarter. Metis Global Partners LLC now owns 10,534 shares of the technology company's stock valued at $1,153,000 after acquiring an additional 108 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in CGI by 0.4% in the 4th quarter. Sequoia Financial Advisors LLC now owns 31,209 shares of the technology company's stock valued at $3,412,000 after purchasing an additional 111 shares during the last quarter. Manhattan West Asset Management LLC lifted its holdings in CGI by 0.5% in the 4th quarter. Manhattan West Asset Management LLC now owns 25,425 shares of the technology company's stock valued at $2,779,000 after purchasing an additional 126 shares in the last quarter. Signal Advisors Wealth LLC lifted its holdings in CGI by 4.5% in the 4th quarter. Signal Advisors Wealth LLC now owns 3,158 shares of the technology company's stock valued at $345,000 after purchasing an additional 135 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of CGI during the third quarter worth $28,000. Institutional investors and hedge funds own 66.68% of the company's stock.

CGI Trading Down 0.0 %

NYSE:GIB traded down $0.03 on Friday, reaching $105.53. The company's stock had a trading volume of 279,586 shares, compared to its average volume of 198,120. The firm has a market cap of $23.93 billion, a price-to-earnings ratio of 19.08, a price-to-earnings-growth ratio of 2.58 and a beta of 0.85. 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 Inc. has a 12-month low of $92.85 and a 12-month high of $122.79. The stock has a 50 day moving average price of $103.63 and a 200 day moving average price of $109.63.

CGI (NYSE:GIB - Get Free Report) TSE: GIB.A last posted its earnings results on Wednesday, January 29th. The technology company reported $1.41 EPS for the quarter, meeting analysts' consensus estimates of $1.41. CGI had a net margin of 11.72% and a return on equity of 19.32%. On average, equities analysts anticipate that CGI Inc. will post 5.79 EPS for the current fiscal year.

CGI Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 14th were issued a $0.1039 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.42 annualized dividend and a yield of 0.39%. CGI's dividend payout ratio (DPR) is presently 7.41%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. UBS Group boosted their price target on shares of CGI from $118.00 to $122.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $192.00 price target on shares of CGI in a report on Wednesday, March 26th. Finally, Jefferies Financial Group lowered their price objective on CGI from $140.00 to $135.00 and set a "buy" rating on the stock in a research note on Tuesday, January 21st. Two analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $156.75.

About CGI

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.