Janus Henderson Group PLC Cuts Stake in CGI Inc. (NYSE:GIB)

Janus Henderson Group PLC lessened its stake in shares of CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 2.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 673,206 shares of the technology company's stock after selling 14,341 shares during the period. Janus Henderson Group PLC owned approximately 0.30% of CGI worth $73,723,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB bought a new stake in shares of CGI in the 3rd quarter worth about $28,000. Sierra Ocean LLC bought a new stake in CGI in the fourth quarter worth about $62,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of CGI during the fourth quarter valued at approximately $83,000. Hoey Investments Inc. purchased a new stake in shares of CGI in the fourth quarter worth approximately $99,000. Finally, Blue Trust Inc. raised its holdings in shares of CGI by 47.6% in the fourth quarter. Blue Trust Inc. now owns 1,163 shares of the technology company's stock worth $134,000 after buying an additional 375 shares during the period. 66.68% of the stock is currently owned by institutional investors.

CGI Stock Up 0.3%

NYSE:GIB traded up $0.37 during mid-day trading on Friday, reaching $108.28. The company's stock had a trading volume of 212,292 shares, compared to its average volume of 200,971. CGI Inc. has a 1 year low of $92.85 and a 1 year high of $122.79. The stock has a fifty day moving average of $102.92 and a 200-day moving average of $108.81. The firm has a market capitalization of $24.55 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 2.58 and a beta of 0.78. 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 (NYSE:GIB - Get Free Report) TSE: GIB.A last released its quarterly earnings data 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). The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $4.05 billion. CGI had a net margin of 11.72% and a return on equity of 19.32%. CGI's revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.97 earnings per share. Equities research analysts forecast that CGI Inc. will post 5.79 earnings per share for the current year.

CGI Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, May 16th will be issued a $0.1086 dividend. The ex-dividend date is Friday, May 16th. This is an increase 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%. CGI's dividend payout ratio (DPR) is currently 7.47%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GIB. Jefferies Financial Group reduced their target price on CGI from $140.00 to $135.00 and set a "buy" rating on the stock in a research note on Tuesday, January 21st. 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 report on Monday, February 3rd. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $192.00 target price on shares of CGI in a research note on Wednesday, March 26th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently 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.