CGI Inc. (NYSE:GIB) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC cut its position in shares of CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 2.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 673,206 shares of the technology company's stock after selling 14,341 shares during the quarter. Janus Henderson Group PLC owned 0.30% of CGI worth $73,723,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in GIB. Norges Bank bought a new position in CGI during the fourth quarter worth $286,970,000. Canoe Financial LP bought a new position in CGI during the fourth quarter worth $94,390,000. Arrowstreet Capital Limited Partnership lifted its stake in CGI by 29.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,992,111 shares of the technology company's stock worth $327,007,000 after purchasing an additional 678,431 shares during the last quarter. Bank of Montreal Can lifted its stake in CGI by 17.3% during the fourth quarter. Bank of Montreal Can now owns 3,843,289 shares of the technology company's stock worth $419,976,000 after purchasing an additional 567,868 shares during the last quarter. Finally, Barclays PLC lifted its stake in CGI by 182.6% during the third quarter. Barclays PLC now owns 476,758 shares of the technology company's stock worth $54,808,000 after purchasing an additional 308,040 shares during the last quarter. 66.68% of the stock is currently owned by institutional investors.

CGI Stock Performance

GIB stock traded up $0.37 during mid-day trading on Friday, reaching $108.28. The company had a trading volume of 212,292 shares, compared to its average volume of 201,329. 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 stock has a market capitalization of $24.55 billion, a P/E ratio of 19.58, a P/E/G ratio of 2.58 and a beta of 0.78. CGI Inc. has a one year low of $92.85 and a one year high of $122.79. The stock's 50-day simple moving average is $103.00 and its two-hundred day simple moving average is $108.72.

CGI (NYSE:GIB - Get Free Report) TSE: GIB.A last posted its earnings results on Wednesday, April 30th. The technology company reported $1.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.50 by ($0.02). CGI had a net margin of 11.72% and a return on equity of 19.32%. The company had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the previous year, the business posted $1.97 earnings per share. The business's quarterly revenue was up 7.6% compared to the same quarter last year. Research analysts anticipate that CGI Inc. will post 5.79 EPS for the current year.

CGI Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 16th will be paid a dividend of $0.1086 per share. This is a boost from CGI's previous quarterly dividend of $0.10. This represents a $0.43 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend is Friday, May 16th. CGI's payout ratio is currently 7.47%.

Wall Street Analysts Forecast Growth

GIB has been the topic of several research analyst reports. Jefferies Financial Group reduced 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. Royal Bank of Canada reiterated an "outperform" rating and issued a $192.00 target price on shares of CGI in a research note on Wednesday, March 26th. Finally, UBS Group raised their target price on CGI from $118.00 to $122.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $156.75.

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.