Deutsche Bank AG Acquires 58,407 Shares of CGI Inc. (NYSE:GIB)

Deutsche Bank AG grew its stake in CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 15.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 438,614 shares of the technology company's stock after purchasing an additional 58,407 shares during the period. Deutsche Bank AG owned approximately 0.19% of CGI worth $47,949,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. Sierra Ocean LLC acquired a new stake in shares of CGI during the 4th quarter valued at $62,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of CGI during the 4th quarter valued at about $83,000. Hoey Investments Inc. bought a new stake in CGI in the 4th quarter worth $99,000. Blue Trust Inc. grew its stake 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 acquiring an additional 375 shares during the last quarter. Finally, GeoWealth Management LLC lifted its stake in CGI by 80.4% during the 4th quarter. GeoWealth Management LLC now owns 1,299 shares of the technology company's stock valued at $142,000 after acquiring an additional 579 shares during the period. 66.68% of the stock is currently owned by institutional investors.

CGI Stock Performance

Shares of GIB traded down $0.30 on Monday, reaching $107.96. 8,903 shares of the stock traded hands, compared to its average volume of 200,564. The stock's 50-day moving average price is $103.00 and its 200-day moving average price is $108.72. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.31 and a quick ratio of 1.04. The firm has a market cap of $24.48 billion, a price-to-earnings ratio of 19.51, a P/E/G ratio of 2.58 and a beta of 0.78. CGI Inc. has a 12 month low of $92.85 and a 12 month high of $122.79.

CGI (NYSE:GIB - Get Free Report) TSE: GIB.A last announced its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.50 by ($0.02). The company had revenue of $2.80 billion during 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 was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.97 EPS. Equities analysts forecast that CGI Inc. will post 5.79 EPS for the current fiscal year.

CGI Increases Dividend

The company also recently announced 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 represents a $0.43 annualized dividend and a dividend yield of 0.40%. This is an increase from CGI's previous quarterly dividend of $0.10. CGI's dividend payout ratio is currently 7.47%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. UBS Group boosted their price target on CGI from $118.00 to $122.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. Royal Bank of Canada reissued an "outperform" rating and set a $192.00 price objective on shares of CGI in a report on Wednesday, March 26th. Finally, Jefferies Financial Group decreased their price target 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, two have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price 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.