Kathmere Capital Management LLC Sells 4,587 Shares of CGI Group, Inc. (NYSE:GIB)

Kathmere Capital Management LLC reduced its holdings in CGI Group, Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 39.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,007 shares of the technology company's stock after selling 4,587 shares during the period. Kathmere Capital Management LLC's holdings in CGI Group were worth $700,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in CGI Group by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 7,942,779 shares of the technology company's stock worth $869,067,000 after buying an additional 128,285 shares during the period. Bank of Montreal Can increased its position in CGI Group by 17.3% in the 4th quarter. Bank of Montreal Can now owns 3,843,289 shares of the technology company's stock worth $419,976,000 after buying an additional 567,868 shares during the period. Arrowstreet Capital Limited Partnership increased its position in CGI Group by 29.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,992,111 shares of the technology company's stock worth $327,007,000 after buying an additional 678,431 shares during the period. Norges Bank bought a new position in CGI Group in the 4th quarter worth approximately $286,970,000. Finally, TD Asset Management Inc. increased its position in CGI Group by 3.5% in the 4th quarter. TD Asset Management Inc. now owns 2,383,862 shares of the technology company's stock worth $260,697,000 after buying an additional 81,440 shares during the period. 66.68% of the stock is owned by institutional investors.

CGI Group Stock Performance

Shares of NYSE:GIB traded up $0.82 during trading on Wednesday, hitting $101.02. 186,837 shares of the stock were exchanged, compared to its average volume of 211,378. CGI Group, Inc. has a 1-year low of $92.85 and a 1-year high of $122.79. The company has a market capitalization of $22.67 billion, a price-to-earnings ratio of 18.40, a price-to-earnings-growth ratio of 1.88 and a beta of 0.76. The company's fifty day simple moving average is $106.26 and its 200-day simple moving average is $107.21. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.92 and a current ratio of 1.27.

CGI Group (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 (EPS) for the quarter, missing analysts' consensus estimates of $1.50 by ($0.02). CGI Group had a net margin of 11.53% and a return on equity of 18.86%. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the previous year, the business posted $1.97 earnings per share. The firm's revenue was up 7.6% compared to the same quarter last year. Sell-side analysts expect that CGI Group, Inc. will post 5.79 EPS for the current fiscal year.

CGI Group Increases Dividend

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

Analyst Ratings Changes

Separately, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $192.00 price target on shares of CGI Group in a research report on Wednesday, March 26th. Two research 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's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target 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.