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

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main cut its position in CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 80.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. grew its holdings in CGI by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 7,942,779 shares of the technology company's stock valued at $869,067,000 after buying an additional 128,285 shares during the last quarter. Bank of Montreal Can boosted its position in shares of CGI by 17.3% in the fourth quarter. Bank of Montreal Can now owns 3,843,289 shares of the technology company's stock valued at $419,976,000 after acquiring an additional 567,868 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of CGI by 29.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,992,111 shares of the technology company's stock valued at $327,007,000 after acquiring an additional 678,431 shares during the period. Norges Bank acquired a new stake in shares of CGI in the fourth quarter worth $286,970,000. Finally, TD Asset Management Inc. increased its position in CGI by 3.5% during the fourth quarter. TD Asset Management Inc. now owns 2,383,862 shares of the technology company's stock worth $260,697,000 after acquiring an additional 81,440 shares during the period. 66.68% of the stock is currently owned by institutional investors.

CGI Price Performance

NYSE:GIB traded up $0.37 during mid-day trading on Friday, hitting $108.28. The company's stock had a trading volume of 212,292 shares, compared to its average volume of 201,329. The company has a market capitalization of $24.55 billion, a price-to-earnings ratio of 19.58, a P/E/G ratio of 2.58 and a beta of 0.78. 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 fifty-two week low of $92.85 and a fifty-two week high of $122.79. The stock has a fifty day moving average of $103.00 and a 200-day moving average of $108.74.

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 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%. The company's revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.97 earnings per share. As a group, equities analysts forecast 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. Shareholders of record on Friday, May 16th will be paid a dividend of $0.1086 per share. This is a positive change from CGI's previous quarterly dividend of $0.10. This represents a $0.43 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend is Friday, May 16th. CGI's dividend payout ratio is currently 7.47%.

Analyst Upgrades and Downgrades

GIB has been the topic of several research reports. Royal Bank of Canada restated an "outperform" rating and set a $192.00 price target on shares of CGI in a research note on Wednesday, March 26th. UBS Group lifted their price objective on CGI from $118.00 to $122.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Finally, Jefferies Financial Group cut their target price on CGI from $140.00 to $135.00 and set a "buy" rating for the company in a research note on Tuesday, January 21st. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus 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.