CGI Group, Inc. (NYSE:GIB) Shares Purchased by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. lifted its holdings in CGI Group, Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 6.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,426 shares of the technology company's stock after acquiring an additional 2,770 shares during the period. GHP Investment Advisors Inc.'s holdings in CGI Group were worth $4,735,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. First Affirmative Financial Network boosted its stake in shares of CGI Group by 3.8% in the first quarter. First Affirmative Financial Network now owns 2,905 shares of the technology company's stock valued at $290,000 after purchasing an additional 106 shares during the period. Metis Global Partners LLC boosted its stake in shares of CGI Group by 1.0% in the fourth quarter. Metis Global Partners LLC now owns 10,534 shares of the technology company's stock valued at $1,153,000 after purchasing an additional 108 shares during the period. Sequoia Financial Advisors LLC boosted its stake in shares of CGI Group by 0.4% in the fourth quarter. Sequoia Financial Advisors LLC now owns 31,209 shares of the technology company's stock valued at $3,412,000 after purchasing an additional 111 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of CGI Group by 0.9% in the fourth quarter. Ameriprise Financial Inc. now owns 12,619 shares of the technology company's stock valued at $1,380,000 after purchasing an additional 115 shares during the period. Finally, Manhattan West Asset Management LLC boosted its stake in shares of CGI Group by 0.5% in the fourth quarter. Manhattan West Asset Management LLC now owns 25,425 shares of the technology company's stock valued at $2,779,000 after purchasing an additional 126 shares during the period. Institutional investors and hedge funds own 66.68% of the company's stock.

Analyst Ratings Changes

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

CGI Group Stock Down 0.9%

NYSE GIB traded down $0.92 during trading hours on Friday, reaching $103.17. 360,807 shares of the company traded hands, compared to its average volume of 208,362. CGI Group, Inc. has a 12 month low of $92.85 and a 12 month 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 capitalization of $23.15 billion, a PE ratio of 18.79, a PEG ratio of 1.87 and a beta of 0.77. The company has a 50 day moving average of $106.68 and a two-hundred day moving average of $107.75.

CGI Group (NYSE:GIB - Get Free Report) TSE: GIB.A last issued its 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 business had revenue of $2.80 billion for 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% on a year-over-year basis. During the same period last year, the company posted $1.97 earnings per share. As a group, equities analysts expect that CGI Group, Inc. will post 5.79 earnings per share for the current year.

CGI Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, May 16th were given a $0.1086 dividend. The ex-dividend date of this dividend was Friday, May 16th. This is an increase from CGI Group's previous quarterly dividend of $0.10. This represents a $0.43 annualized dividend and a yield of 0.42%. CGI Group's dividend payout ratio (DPR) is currently 7.83%.

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.