BNP Paribas Financial Markets Buys Shares of 15,865 CGI Inc. (NYSE:GIB)

BNP Paribas Financial Markets purchased a new stake in CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 15,865 shares of the technology company's stock, valued at approximately $1,734,000.

A number of other large investors have also recently added to or reduced their stakes in GIB. Sierra Ocean LLC acquired a new stake in shares of CGI during the 4th quarter worth about $62,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of CGI during the 4th quarter worth about $83,000. Hoey Investments Inc. acquired a new stake in shares of CGI during the 4th quarter worth about $99,000. Blue Trust Inc. lifted its stake in shares of CGI by 47.6% during the 4th 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 last quarter. Finally, GeoWealth Management LLC lifted its stake in shares of CGI by 80.4% during the 4th quarter. GeoWealth Management LLC now owns 1,299 shares of the technology company's stock worth $142,000 after buying an additional 579 shares during the last quarter. Institutional investors and hedge funds own 66.68% of the company's stock.

CGI Stock Performance

CGI stock traded down $0.39 during midday trading on Friday, hitting $106.32. The company's stock had a trading volume of 257,431 shares, compared to its average volume of 201,885. CGI Inc. has a 1-year low of $92.85 and a 1-year high of $122.79. 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 company has a 50-day moving average price of $103.44 and a two-hundred day moving average price of $108.61. The company has a market cap of $24.11 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 2.58 and a beta of 0.78.

CGI (NYSE:GIB - Get Free Report) TSE: GIB.A last issued 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). CGI had a return on equity of 19.32% and a net margin of 11.72%. The business had revenue of $2.80 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter last year, the firm earned $1.97 EPS. CGI's revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, sell-side analysts predict that CGI Inc. will post 5.79 earnings per share for the current year.

CGI Increases Dividend

The firm 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 $0.1086 dividend. This is a boost from CGI's previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.43 annualized dividend and a yield of 0.41%. CGI's payout ratio is 7.47%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GIB. Royal Bank of Canada restated an "outperform" rating and set a $192.00 target price on shares of CGI in a research note on Wednesday, March 26th. UBS Group raised their target price on shares of CGI from $118.00 to $122.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company 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.