Lincluden Management Ltd. Raises Stock Holdings in CGI Group, Inc. (NYSE:GIB)

Lincluden Management Ltd. grew its position in shares of CGI Group, Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 20.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,705 shares of the technology company's stock after purchasing an additional 7,403 shares during the quarter. Lincluden Management Ltd.'s holdings in CGI Group were worth $4,363,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in GIB. Vontobel Holding Ltd. increased its stake in shares of CGI Group by 1.7% in the 1st quarter. Vontobel Holding Ltd. now owns 6,135 shares of the technology company's stock valued at $613,000 after acquiring an additional 100 shares in the last quarter. First Affirmative Financial Network increased its stake in shares of CGI Group by 3.8% in the 1st quarter. First Affirmative Financial Network now owns 2,905 shares of the technology company's stock valued at $290,000 after acquiring an additional 106 shares in the last quarter. Ameriprise Financial Inc. grew its position in CGI Group by 0.9% in the 4th 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. Manhattan West Asset Management LLC grew its position in CGI Group by 0.5% in the 4th 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. Finally, Fifth Third Bancorp grew its position in CGI Group by 239.5% in the 1st quarter. Fifth Third Bancorp now owns 258 shares of the technology company's stock valued at $26,000 after purchasing an additional 182 shares during the period. Institutional investors own 66.68% of the company's stock.

CGI Group Stock Down 0.4%

NYSE GIB traded down $0.45 during mid-day trading on Friday, hitting $101.06. The company's stock had a trading volume of 203,952 shares, compared to its average volume of 239,190. The company's 50 day simple moving average is $105.26 and its 200 day simple moving average is $106.77. CGI Group, Inc. has a twelve month low of $92.85 and a twelve 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 firm has a market capitalization of $22.68 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 1.89 and a beta of 0.76.

CGI Group (NYSE:GIB - Get Free Report) TSE: GIB.A last posted 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). The firm had revenue of $2.80 billion for the quarter, compared to analysts' expectations of $4.05 billion. CGI Group had a return on equity of 18.86% and a net margin of 11.53%. CGI Group's revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.97 earnings per share. Analysts anticipate 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 paid a $0.1086 dividend. This is a boost 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%. The ex-dividend date of this dividend was Friday, May 16th. CGI Group's payout ratio is currently 7.83%.

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.