Deutsche Bank AG Has $46.28 Million Stock Position in CGI Group, Inc. (NYSE:GIB)

Key Points

• Deutsche Bank AG increased its stake in CGI Group, Inc. by 5.7%, acquiring an additional 24,980 shares and owning about 0.20% of the company worth $46,281,000 as of its latest filing.
• CGI Group had a strong earnings report, with $1.52 earnings per share, slightly above the consensus estimate of $1.51, but its revenue of $3 billion was below expectations of $4.01 billion.
• The company announced a quarterly dividend of $0.1086 per share, indicating a slight increase from the previous dividend, contributing to an annualized yield of 0.5%.

Deutsche Bank AG increased its holdings in CGI Group, Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 5.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 463,594 shares of the technology company's stock after purchasing an additional 24,980 shares during the period. Deutsche Bank AG owned 0.20% of CGI Group worth $46,281,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in GIB. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in CGI Group by 1,190.6% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 845,916 shares of the technology company's stock valued at $92,438,000 after buying an additional 780,370 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of CGI Group by 47.2% in the 4th quarter. Bank of America Corp DE now owns 736,901 shares of the technology company's stock valued at $80,558,000 after acquiring an additional 236,333 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of CGI Group by 18.6% during the 4th quarter. Hsbc Holdings PLC now owns 1,032,579 shares of the technology company's stock valued at $112,913,000 after acquiring an additional 161,821 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in CGI Group by 7.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,028,147 shares of the technology company's stock worth $202,470,000 after purchasing an additional 133,750 shares during the last quarter. Finally, Bessemer Group Inc. boosted its holdings in CGI Group by 90.4% in the first quarter. Bessemer Group Inc. now owns 240,856 shares of the technology company's stock worth $24,068,000 after purchasing an additional 114,373 shares during the period. 66.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on GIB. UBS Group decreased their price target on shares of CGI Group from $112.00 to $105.00 and set a "neutral" rating for the company in a report on Thursday, July 31st. Royal Bank Of Canada decreased their target price on shares of CGI Group from $185.00 to $175.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $148.25.

CGI Group Price Performance

NYSE GIB traded down $1.87 on Thursday, reaching $93.79. 422,864 shares of the stock traded hands, compared to its average volume of 283,083. CGI Group, Inc. has a 12 month low of $92.85 and a 12 month high of $122.79. The company has a market cap of $20.91 billion, a price-to-earnings ratio of 17.34, a P/E/G ratio of 1.73 and a beta of 0.72. The firm's fifty day simple moving average is $102.47 and its 200 day simple moving average is $105.62. The company has a quick ratio of 0.94, a current ratio of 1.27 and a debt-to-equity ratio of 0.35.

CGI Group (NYSE:GIB - Get Free Report) TSE: GIB.A last released its earnings results on Wednesday, July 30th. The technology company reported $1.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.51 by $0.01. CGI Group had a return on equity of 18.53% and a net margin of 11.01%. The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same period in the previous year, the company earned $1.91 earnings per share. CGI Group's revenue was up 11.4% compared to the same quarter last year. As a group, research analysts predict that CGI Group, Inc. will post 5.79 EPS for the current fiscal year.

CGI Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, August 15th will be given a dividend of $0.1086 per share. This is a boost from CGI Group's previous quarterly dividend of $0.11. The ex-dividend date is Friday, August 15th. This represents a $0.43 dividend on an annualized basis and a dividend yield of 0.5%. CGI Group's payout ratio is currently 7.95%.

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.