Public Employees Retirement System of Ohio Boosts Holdings in CGI Inc. (NYSE:GIB)

Public Employees Retirement System of Ohio increased its stake in shares of CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 164.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 116,604 shares of the technology company's stock after purchasing an additional 72,452 shares during the period. Public Employees Retirement System of Ohio owned 0.05% of CGI worth $12,752,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of GIB. Vise Technologies Inc. grew its stake in shares of CGI by 49.3% during the 4th quarter. Vise Technologies Inc. now owns 5,315 shares of the technology company's stock valued at $581,000 after buying an additional 1,755 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in CGI by 1,190.6% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 845,916 shares of the technology company's stock valued at $92,438,000 after buying an additional 780,370 shares during the last quarter. Vident Advisory LLC boosted its position in CGI by 43.0% in the 4th quarter. Vident Advisory LLC now owns 7,239 shares of the technology company's stock valued at $792,000 after buying an additional 2,177 shares during the last quarter. Tidal Investments LLC boosted its position in CGI by 10.4% in the 4th quarter. Tidal Investments LLC now owns 3,337 shares of the technology company's stock valued at $365,000 after buying an additional 315 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its position in CGI by 12.3% in the 4th quarter. Quantinno Capital Management LP now owns 18,156 shares of the technology company's stock valued at $1,985,000 after buying an additional 1,991 shares during the last quarter. 66.68% of the stock is currently owned by institutional investors and hedge funds.

CGI Stock Performance

GIB traded down $0.98 during trading on Friday, hitting $106.67. The stock had a trading volume of 60,327 shares, compared to its average volume of 200,966. The company has a 50 day simple moving average of $104.00 and a 200-day simple moving average of $108.48. CGI Inc. has a 12 month low of $92.85 and a 12 month high of $122.79. The company has a current ratio of 1.31, a quick ratio of 1.04 and a debt-to-equity ratio of 0.28. The firm has a market cap of $24.18 billion, a PE ratio of 19.28, a P/E/G ratio of 2.58 and a beta of 0.78.

CGI (NYSE:GIB - Get Free Report) TSE: GIB.A last announced its earnings results 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 had a return on equity of 19.32% and a net margin of 11.72%. The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the previous year, the company posted $1.97 earnings per share. CGI's revenue for the quarter was up 7.6% on a year-over-year basis. Analysts expect that CGI Inc. will post 5.79 EPS for the current year.

CGI Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 16th will be given a $0.1086 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.43 dividend on an annualized basis and a yield of 0.41%. This is an increase from CGI's previous quarterly dividend of $0.10. CGI's dividend payout ratio (DPR) is 7.47%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on GIB shares. Royal Bank of Canada restated an "outperform" rating and issued a $192.00 target price on shares of CGI in a research note on Wednesday, March 26th. UBS Group increased their price objective on shares of CGI from $118.00 to $122.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Two analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, CGI presently has an average rating of "Buy" and a consensus price target of $156.75.

CGI 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.