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

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

A number of other institutional investors have also recently bought and sold shares of GIB. Blue Trust Inc. lifted its stake in CGI by 47.6% in the fourth quarter. Blue Trust Inc. now owns 1,163 shares of the technology company's stock valued at $134,000 after acquiring an additional 375 shares during the last quarter. GHP Investment Advisors Inc. lifted its stake in shares of CGI by 3.7% in the 4th quarter. GHP Investment Advisors Inc. now owns 44,656 shares of the technology company's stock valued at $4,882,000 after purchasing an additional 1,591 shares during the last quarter. WCM Investment Management LLC lifted its stake in shares of CGI by 88.3% in the 4th quarter. WCM Investment Management LLC now owns 23,634 shares of the technology company's stock valued at $2,583,000 after purchasing an additional 11,082 shares during the last quarter. Lester Murray Antman dba SimplyRich lifted its stake in shares of CGI by 1.2% in the 4th quarter. Lester Murray Antman dba SimplyRich now owns 30,397 shares of the technology company's stock valued at $3,323,000 after purchasing an additional 350 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of CGI by 66.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 65,445 shares of the technology company's stock valued at $7,152,000 after purchasing an additional 26,038 shares during the last quarter. Institutional investors and hedge funds own 66.68% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada restated an "outperform" rating and issued a $192.00 target price on shares of CGI in a report on Wednesday, March 26th. Two investment 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. According to MarketBeat.com, CGI presently has an average rating of "Buy" and a consensus price target of $156.75.

CGI Price Performance

NYSE:GIB traded up $0.27 during mid-day trading on Friday, hitting $107.92. The company's stock had a trading volume of 137,373 shares, compared to its average volume of 202,747. CGI Inc. has a fifty-two week low of $92.85 and a fifty-two week 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 company has a market capitalization of $24.47 billion, a price-to-earnings ratio of 19.51, a P/E/G ratio of 2.58 and a beta of 0.77. The stock has a fifty day moving average of $104.90 and a 200-day moving average of $108.38.

CGI (NYSE:GIB - Get Free Report) TSE: GIB.A last released its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.50 by ($0.02). The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $4.05 billion. CGI had a return on equity of 19.32% and a net margin of 11.72%. The business's revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.97 earnings per share. As a group, equities analysts forecast that CGI Inc. will post 5.79 EPS for the current fiscal year.

CGI Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, May 16th will be paid a $0.1086 dividend. The ex-dividend date of this dividend is Friday, May 16th. This is a positive change from CGI's previous quarterly dividend of $0.10. This represents a $0.43 dividend on an annualized basis and a dividend yield of 0.40%. CGI's dividend payout ratio (DPR) is 7.83%.

CGI Company 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.