CGI Inc. (NYSE:GIB) Shares Sold by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. cut its position in shares of CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 13.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,063 shares of the technology company's stock after selling 4,279 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in CGI were worth $3,066,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of GIB. Wilmington Savings Fund Society FSB acquired a new position in CGI during the third quarter valued at approximately $28,000. Sierra Ocean LLC acquired a new position in shares of CGI during the 4th quarter valued at $62,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in CGI during the 4th quarter worth $83,000. Hoey Investments Inc. acquired a new stake in CGI in the 4th quarter valued at $99,000. Finally, Blue Trust Inc. raised its position in CGI by 47.6% in the fourth quarter. Blue Trust Inc. now owns 1,163 shares of the technology company's stock valued at $134,000 after purchasing an additional 375 shares during the period. Hedge funds and other institutional investors own 66.68% of the company's stock.

Analysts Set New Price Targets

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

CGI Stock Down 1.0 %

Shares of GIB traded down $1.02 during trading on Wednesday, reaching $106.03. The company's stock had a trading volume of 501,323 shares, compared to its average volume of 200,720. The company has a market cap of $24.04 billion, a price-to-earnings ratio of 19.17, a P/E/G 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. The company has a fifty day moving average of $103.18 and a two-hundred day moving average of $109.48. CGI Inc. has a twelve month low of $92.85 and a twelve month high of $122.79.

CGI (NYSE:GIB - Get Free Report) TSE: GIB.A last posted its quarterly earnings data 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, sell-side analysts predict that CGI Inc. will post 5.79 EPS for the current fiscal year.

CGI Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 14th were given a dividend of $0.1039 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.42 annualized dividend and a dividend yield of 0.39%. CGI's payout ratio is 7.41%.

CGI Profile

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.