Davis Rea LTD. Invests $3.23 Million in CGI Group, Inc. (NYSE:GIB)

Davis Rea LTD. acquired a new position in CGI Group, Inc. (NYSE:GIB - Free Report) TSE: GIB.A in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 32,341 shares of the technology company's stock, valued at approximately $3,230,000.

Other institutional investors have also recently made changes to their positions in the company. Fifth Third Bancorp boosted its position in shares of CGI Group by 239.5% in the 1st quarter. Fifth Third Bancorp now owns 258 shares of the technology company's stock worth $26,000 after purchasing an additional 182 shares in the last quarter. Hoey Investments Inc. purchased a new stake in shares of CGI Group during the fourth quarter valued at $99,000. Versant Capital Management Inc grew its holdings in shares of CGI Group by 371.7% during the first quarter. Versant Capital Management Inc now owns 1,052 shares of the technology company's stock valued at $105,000 after buying an additional 829 shares during the last quarter. GeoWealth Management LLC grew its holdings in shares of CGI Group by 80.4% during the fourth quarter. GeoWealth Management LLC now owns 1,299 shares of the technology company's stock valued at $142,000 after buying an additional 579 shares during the last quarter. Finally, Creekmur Asset Management LLC grew its holdings in shares of CGI Group by 7,051.9% during the first quarter. Creekmur Asset Management LLC now owns 1,931 shares of the technology company's stock valued at $193,000 after buying an additional 1,904 shares during the last quarter. Institutional investors and hedge funds own 66.68% of the company's stock.

CGI Group Stock Performance

Shares of GIB traded down $0.45 during trading hours on Friday, reaching $101.06. 203,952 shares of the company traded hands, compared to its average volume of 239,190. The stock has a market capitalization of $22.68 billion, a P/E ratio of 18.41, a P/E/G ratio of 1.89 and a beta of 0.76. The company has a quick ratio of 0.92, a current ratio of 1.27 and a debt-to-equity ratio of 0.36. CGI Group, Inc. has a 12-month low of $92.85 and a 12-month high of $122.79. The business has a fifty day moving average price of $105.26 and a 200-day moving average price of $106.77.

CGI Group (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 analysts' consensus estimates of $1.50 by ($0.02). The company had revenue of $2.80 billion for the quarter, compared to analysts' expectations of $4.05 billion. CGI Group had a net margin of 11.53% and a return on equity of 18.86%. CGI Group's quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the firm earned $1.97 earnings per share. Equities analysts anticipate that CGI Group, Inc. will post 5.79 EPS for the current fiscal year.

CGI Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, May 16th were paid a dividend of $0.1086 per share. This is a positive change from CGI Group's previous quarterly dividend of $0.10. This represents a $0.43 annualized dividend and a dividend yield of 0.43%. The ex-dividend date was Friday, May 16th. CGI Group's dividend payout ratio is presently 7.83%.

CGI Group 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.