Unigestion Holding SA Has $5.49 Million Stake in CGI Inc. (NYSE:GIB)

Unigestion Holding SA raised its stake in CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 48.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,979 shares of the technology company's stock after acquiring an additional 18,010 shares during the period. Unigestion Holding SA's holdings in CGI were worth $5,489,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of GIB. QV Investors Inc. raised its position in CGI by 12.5% in the 1st quarter. QV Investors Inc. now owns 605,053 shares of the technology company's stock valued at $60,394,000 after purchasing an additional 67,307 shares during the last quarter. GAMMA Investing LLC lifted its position in CGI by 9,881.5% during the 1st quarter. GAMMA Investing LLC now owns 2,695 shares of the technology company's stock worth $269,000 after buying an additional 2,668 shares in the last quarter. Versant Capital Management Inc grew its holdings in CGI by 371.7% during the 1st quarter. Versant Capital Management Inc now owns 1,052 shares of the technology company's stock worth $105,000 after acquiring an additional 829 shares during the last quarter. Wellington Management Group LLP increased its position in CGI by 5.8% in the 4th quarter. Wellington Management Group LLP now owns 102,080 shares of the technology company's stock valued at $11,163,000 after acquiring an additional 5,564 shares in the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ acquired a new stake in CGI in the 4th quarter valued at about $221,000. 66.68% of the stock is currently owned by institutional investors and hedge funds.

CGI Trading Down 0.2%

CGI stock traded down $0.19 during trading hours on Thursday, reaching $107.58. 175,175 shares of the company's stock traded hands, compared to its average volume of 202,432. The firm has a market capitalization of $24.39 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 2.58 and a beta of 0.78. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.04 and a current ratio of 1.31. CGI Inc. has a fifty-two week low of $92.85 and a fifty-two week high of $122.79. The firm's 50 day moving average is $104.61 and its 200-day moving average is $108.41.

CGI (NYSE:GIB - Get Free Report) TSE: GIB.A last posted its quarterly 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). 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 the consensus estimate of $4.05 billion. During the same period last year, the firm earned $1.97 earnings per share. The company's quarterly revenue was up 7.6% on a year-over-year basis. On average, analysts predict that CGI Inc. will post 5.79 earnings per share for the current year.

CGI Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 16th will be given a dividend of $0.1086 per share. This is a boost from CGI's previous quarterly dividend of $0.10. The ex-dividend date is Friday, May 16th. This represents a $0.43 annualized dividend and a dividend yield of 0.40%. CGI's payout ratio is presently 7.47%.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada reiterated an "outperform" rating and set a $192.00 target price on shares of CGI in a research report on Wednesday, March 26th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, CGI has a consensus rating of "Buy" and an average price target of $156.75.

About CGI

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.