DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Has $455,000 Position in CGI Inc. (NYSE:GIB)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lowered its position in CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 80.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,166 shares of the technology company's stock after selling 17,078 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in CGI were worth $455,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC increased its stake in shares of CGI by 182.6% in the third quarter. Barclays PLC now owns 476,758 shares of the technology company's stock valued at $54,808,000 after buying an additional 308,040 shares during the period. Blue Trust Inc. increased 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 valued at $134,000 after buying an additional 375 shares during the period. KFA Private Wealth Group LLC increased its stake in shares of CGI by 120.9% in the fourth quarter. KFA Private Wealth Group LLC now owns 12,350 shares of the technology company's stock valued at $1,350,000 after buying an additional 6,760 shares during the period. Bank of New York Mellon Corp increased its stake in shares of CGI by 0.5% in the fourth quarter. Bank of New York Mellon Corp now owns 289,654 shares of the technology company's stock valued at $31,665,000 after buying an additional 1,409 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of CGI in the fourth quarter valued at approximately $925,000. Institutional investors and hedge funds own 66.68% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $192.00 price objective on shares of CGI in a research note on Wednesday, March 26th. UBS Group upped their price objective on CGI from $118.00 to $122.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Finally, Jefferies Financial Group decreased their target price on shares of CGI from $140.00 to $135.00 and set a "buy" rating for the company in a research report on Tuesday, January 21st. Two 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $156.75.

CGI Trading Up 1.0%

NYSE:GIB traded up $1.12 on Thursday, reaching $107.95. 158,724 shares of the stock traded hands, compared to its average volume of 200,946. The firm has a market capitalization of $24.48 billion, a price-to-earnings ratio of 19.52, a price-to-earnings-growth ratio of 2.58 and a beta of 0.78. The company's 50 day moving average is $102.85 and its 200-day moving average is $108.85. The company has a current ratio of 1.31, a quick ratio of 1.04 and a debt-to-equity ratio of 0.28. CGI Inc. has a 1-year low of $92.85 and a 1-year 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 EPS for the quarter, missing the consensus estimate of $1.50 by ($0.02). The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $4.05 billion. CGI had a return on equity of 19.32% and a net margin of 11.72%. The business's quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the business earned $1.97 EPS. Equities research analysts anticipate that CGI Inc. will post 5.79 EPS for the current fiscal year.

CGI Increases Dividend

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

CGI Company 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.