Union Bancaire Privee UBP SA Decreases Stock Holdings in CGI Inc. (NYSE:GIB)

Union Bancaire Privee UBP SA trimmed its stake in CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 73.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,121 shares of the technology company's stock after selling 11,681 shares during the period. Union Bancaire Privee UBP SA's holdings in CGI were worth $409,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. First Affirmative Financial Network lifted its position in CGI by 3.8% during the first quarter. First Affirmative Financial Network now owns 2,905 shares of the technology company's stock valued at $290,000 after buying an additional 106 shares during the period. Metis Global Partners LLC increased its stake in shares of CGI by 1.0% in the 4th quarter. Metis Global Partners LLC now owns 10,534 shares of the technology company's stock worth $1,153,000 after acquiring an additional 108 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in CGI by 0.4% during the 4th quarter. Sequoia Financial Advisors LLC now owns 31,209 shares of the technology company's stock valued at $3,412,000 after acquiring an additional 111 shares during the period. Ameriprise Financial Inc. boosted its stake in CGI by 0.9% during the fourth quarter. Ameriprise Financial Inc. now owns 12,619 shares of the technology company's stock worth $1,380,000 after acquiring an additional 115 shares in the last quarter. Finally, Manhattan West Asset Management LLC grew its holdings in CGI by 0.5% in the fourth quarter. Manhattan West Asset Management LLC now owns 25,425 shares of the technology company's stock worth $2,779,000 after purchasing an additional 126 shares during the period. Institutional investors own 66.68% of the company's stock.

CGI Stock Down 1.3%

CGI stock traded down $1.38 during mid-day trading on Friday, reaching $108.21. The stock had a trading volume of 218,027 shares, compared to its average volume of 205,155. CGI Inc. has a one year low of $92.85 and a one year high of $122.79. The company has a 50-day moving average price of $105.93 and a two-hundred day moving average price of $108.28. The company has a market capitalization of $24.53 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 2.58 and a beta of 0.78. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.31 and a quick ratio of 1.04.

CGI (NYSE:GIB - Get Free Report) TSE: GIB.A last issued its earnings results 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). CGI had a return on equity of 19.32% and a net margin of 11.72%. The firm had revenue of $2.80 billion during the quarter, compared to analysts' expectations of $4.05 billion. During the same period last year, the firm posted $1.97 earnings per share. The firm's quarterly revenue was up 7.6% on a year-over-year basis. On average, analysts expect that CGI Inc. will post 5.79 EPS for the current fiscal year.

CGI Increases Dividend

The firm also recently disclosed 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 is Friday, May 16th. This is a boost from CGI's previous quarterly dividend of $0.10. This represents a $0.43 annualized dividend and a yield of 0.40%. CGI's dividend payout ratio is 7.83%.

Wall Street Analyst Weigh In

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