UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $55.29 Million Stock Holdings in CGI Inc. (NYSE:GIB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 12.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 505,771 shares of the technology company's stock after selling 71,845 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.22% of CGI worth $55,291,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vident Advisory LLC grew its stake 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 grew its stake 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. Quantinno Capital Management LP grew its stake 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. Man Group plc grew its stake in CGI by 229.7% in the 4th quarter. Man Group plc now owns 88,171 shares of the technology company's stock valued at $9,642,000 after buying an additional 61,427 shares during the last quarter. Finally, Numerai GP LLC grew its stake in CGI by 284.3% in the 4th quarter. Numerai GP LLC now owns 53,650 shares of the technology company's stock valued at $5,865,000 after buying an additional 39,688 shares during the last quarter. Institutional investors and hedge funds own 66.68% of the company's stock.

CGI Stock Performance

Shares of NYSE:GIB traded down $0.64 on Friday, reaching $107.00. 48,741 shares of the company's stock were exchanged, compared to its average volume of 200,938. The company has a fifty day moving average of $104.00 and a 200-day moving average of $108.48. CGI Inc. has a twelve month low of $92.85 and a twelve month high of $122.79. The company has a market capitalization of $24.26 billion, a price-to-earnings ratio of 19.36, a PEG ratio of 2.58 and a beta of 0.78. The company has a current ratio of 1.31, a quick ratio of 1.04 and a debt-to-equity ratio of 0.28.

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 business 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 earned $1.97 EPS. The business's revenue for the quarter was up 7.6% on a year-over-year basis. On average, research analysts predict that CGI Inc. will post 5.79 EPS for the current fiscal year.

CGI Increases Dividend

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

Analysts Set New Price Targets

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