Groupe la Francaise Has $111.33 Million Stock Position in CGI Group, Inc. $GIB

Key Points

• Groupe la Francaise increased its CGI Group stake by 0.9% in the second quarter, owning 1.72 million shares worth approximately $111.3 million, or 0.81% of the company. Institutional investors collectively hold 66.68% of CGI Group.
• CGI Group shares opened at $73.69, with a market capitalization of $15.26 billion and a P/E ratio of 12.64. The company declared a quarterly dividend of $0.17, equivalent to an annualized yield of 0.9%.
• Analyst sentiment is cautious: TD Securities downgraded the stock to “hold,” while six analysts maintain hold ratings and one rates it a sell. MarketBeat reports an average rating of “Reduce” and a consensus price target of $83.67.

Groupe la Francaise boosted its stake in CGI Group, Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 0.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,722,751 shares of the technology company's stock after acquiring an additional 14,845 shares during the period. CGI Group accounts for 1.3% of Groupe la Francaise's investment portfolio, making the stock its 15th largest holding. Groupe la Francaise owned about 0.81% of CGI Group worth $111,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GIB. Ethic Inc. lifted its position in shares of CGI Group by 156.4% during the 2nd quarter. Ethic Inc. now owns 24,785 shares of the technology company's stock valued at $1,600,000 after acquiring an additional 15,120 shares during the period. QV Investors Inc. increased its stake in CGI Group by 31.2% in the second quarter. QV Investors Inc. now owns 908,728 shares of the technology company's stock valued at $58,716,000 after purchasing an additional 216,086 shares in the last quarter. Hudson Portfolio Management LLC acquired a new position in shares of CGI Group during the second quarter valued at about $1,108,000. Entropy Technologies LP acquired a new position in shares of CGI Group during the third quarter valued at about $236,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of CGI Group by 53.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,452 shares of the technology company's stock worth $152,000 after purchasing an additional 505 shares in the last quarter. Institutional investors and hedge funds own 66.68% of the company's stock.

CGI Group Stock Up 0.1%

Shares of NYSE:GIB opened at $73.69 on Monday. The business's 50 day moving average is $70.84 and its 200 day moving average is $70.22. CGI Group, Inc. has a 12-month low of $59.63 and a 12-month high of $97.50. The stock has a market cap of $15.26 billion, a price-to-earnings ratio of 12.64 and a beta of 0.47. The company has a quick ratio of 0.66, a current ratio of 0.93 and a debt-to-equity ratio of 0.28.

CGI Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 14th will be issued a $0.17 dividend. The ex-dividend date is Friday, August 14th. This represents a $0.68 annualized dividend and a dividend yield of 0.9%. CGI Group's dividend payout ratio is currently 8.23%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. TD Securities cut CGI Group from a "buy" rating to a "hold" rating in a research note on Thursday, July 23rd. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of CGI Group in a research report on Wednesday, June 24th. Six investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus price target of $83.67.

CGI Group Company Profile

CGI Group Inc is a global information technology and business consulting firm that delivers a broad range of services including IT consulting, systems integration, application development and maintenance, infrastructure and network services, managed IT and business process outsourcing. The company works with clients to design, build and operate IT systems and business solutions, with capabilities spanning cloud and hybrid IT environments, cybersecurity, data analytics and artificial intelligence, digital transformation and enterprise resource planning implementations.

Founded in 1976 in Quebec by Serge Godin and André Imbeau, CGI has grown from a regional systems integrator into a multinational professional services organization.

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