GAMMA Investing LLC Has $269,000 Position in CGI Group, Inc. (NYSE:GIB)

GAMMA Investing LLC grew its stake in shares of CGI Group, Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 9,881.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,695 shares of the technology company's stock after acquiring an additional 2,668 shares during the period. GAMMA Investing LLC's holdings in CGI Group were worth $269,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of GIB. Versant Capital Management Inc boosted its position in 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 purchasing an additional 829 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of CGI Group by 5.8% during the 4th quarter. Wellington Management Group LLP now owns 102,080 shares of the technology company's stock valued at $11,163,000 after buying an additional 5,564 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ acquired a new stake in shares of CGI Group during the 4th quarter valued at about $221,000. Public Employees Retirement System of Ohio grew its stake in shares of CGI Group by 164.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 116,604 shares of the technology company's stock valued at $12,752,000 after buying an additional 72,452 shares in the last quarter. Finally, Vise Technologies Inc. increased its holdings in CGI Group by 49.3% in the fourth quarter. Vise Technologies Inc. now owns 5,315 shares of the technology company's stock worth $581,000 after buying an additional 1,755 shares during the last quarter. 66.68% of the stock is owned by institutional investors and hedge funds.

CGI Group Price Performance

Shares of NYSE:GIB opened at $105.25 on Friday. The stock has a market capitalization of $23.62 billion, a P/E ratio of 19.17, a P/E/G ratio of 1.91 and a beta of 0.77. The business has a 50-day moving average of $106.67 and a two-hundred day moving average of $108.07. CGI Group, Inc. has a fifty-two week low of $92.85 and a fifty-two week high of $122.79. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.27 and a quick ratio of 0.92.

CGI Group (NYSE:GIB - Get Free Report) TSE: GIB.A last posted its earnings results 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). 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 firm's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.97 earnings per share. On average, equities research analysts predict that CGI Group, Inc. will post 5.79 EPS for the current fiscal year.

CGI Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, May 16th were paid a $0.1086 dividend. This represents a $0.43 dividend on an annualized basis and a dividend yield of 0.41%. This is a boost from CGI Group's previous quarterly dividend of $0.10. The ex-dividend date was Friday, May 16th. CGI Group's payout ratio is presently 7.83%.

Analyst Upgrades and Downgrades

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

About CGI Group

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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