CGI Group, Inc. (NYSE:GIB) Shares Bought by EULAV Asset Management

EULAV Asset Management grew its stake in shares of CGI Group, Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 3.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 397,110 shares of the technology company's stock after acquiring an additional 12,800 shares during the period. EULAV Asset Management owned about 0.18% of CGI Group worth $39,643,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Fifth Third Bancorp grew its stake in 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 acquiring an additional 182 shares during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in CGI Group in the 4th quarter worth approximately $83,000. Hoey Investments Inc. purchased a new stake in CGI Group in the 4th quarter worth approximately $99,000. Versant Capital Management Inc grew its stake in CGI Group by 371.7% in the 1st quarter. Versant Capital Management Inc now owns 1,052 shares of the technology company's stock worth $105,000 after acquiring an additional 829 shares during the period. Finally, GeoWealth Management LLC grew its stake in CGI Group by 80.4% in the 4th quarter. GeoWealth Management LLC now owns 1,299 shares of the technology company's stock worth $142,000 after acquiring an additional 579 shares during the period. 66.68% of the stock is currently owned by institutional investors and hedge funds.

CGI Group Price Performance

NYSE GIB opened at $106.19 on Monday. CGI Group, Inc. has a 52 week low of $92.85 and a 52 week high of $122.79. The company has a current ratio of 1.27, a quick ratio of 0.92 and a debt-to-equity ratio of 0.36. The stock has a market cap of $23.83 billion, a price-to-earnings ratio of 19.34, a price-to-earnings-growth ratio of 1.98 and a beta of 0.76. The company has a 50-day moving average price of $106.73 and a two-hundred day moving average price of $107.58.

CGI Group (NYSE:GIB - Get Free Report) TSE: GIB.A last issued its quarterly earnings results 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 during the quarter, compared to analyst estimates of $4.05 billion. CGI Group had a return on equity of 18.86% and a net margin of 11.53%. The company's revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.97 earnings per share. Analysts forecast that CGI Group, Inc. will post 5.79 EPS for the current year.

CGI Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, May 16th were paid a dividend of $0.1086 per share. The ex-dividend date of this dividend was Friday, May 16th. This is a positive change from CGI Group's previous quarterly dividend of $0.10. This represents a $0.43 annualized dividend and a yield of 0.41%. CGI Group's dividend payout ratio is currently 7.83%.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada reiterated an "outperform" rating and issued a $192.00 price target on shares of CGI Group in a report on Wednesday, March 26th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, CGI Group has a consensus rating of "Buy" and an average target price of $156.75.

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.

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