Natixis Has $2.33 Million Position in CGI Inc. (NYSE:GIB)

Natixis increased its position in shares of CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 171.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,272 shares of the technology company's stock after acquiring an additional 13,439 shares during the quarter. Natixis' holdings in CGI were worth $2,325,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of GIB. Wilmington Savings Fund Society FSB purchased a new position in shares of CGI in the 3rd quarter valued at $28,000. Sierra Ocean LLC bought a new stake in shares of CGI in the 4th quarter worth about $62,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of CGI in the 4th quarter worth about $83,000. Hoey Investments Inc. acquired a new stake in CGI during the fourth quarter worth about $99,000. Finally, Blue Trust Inc. raised its position in shares of CGI by 47.6% during the 4th quarter. Blue Trust Inc. now owns 1,163 shares of the technology company's stock worth $134,000 after purchasing an additional 375 shares during the period. Institutional investors and hedge funds own 66.68% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on GIB shares. Jefferies Financial Group dropped their price target on CGI from $140.00 to $135.00 and set a "buy" rating on the stock in a research report on Tuesday, January 21st. Royal Bank of Canada reissued an "outperform" rating and issued a $192.00 price objective on shares of CGI in a research note on Wednesday, March 26th. Finally, UBS Group lifted their target price on CGI from $118.00 to $122.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Two analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $156.75.

CGI Stock Down 0.0 %

Shares of GIB stock traded down $0.03 on Friday, reaching $105.53. 279,586 shares of the company's stock traded hands, compared to its average volume of 197,846. The business's 50 day moving average price is $103.63 and its two-hundred day moving average price is $109.56. 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 12-month low of $92.85 and a 12-month high of $122.79. The company has a market capitalization of $23.93 billion, a P/E ratio of 19.08, a price-to-earnings-growth ratio of 2.58 and a beta of 0.85.

CGI (NYSE:GIB - Get Free Report) TSE: GIB.A last issued its earnings results on Wednesday, January 29th. The technology company reported $1.41 EPS for the quarter, meeting analysts' consensus estimates of $1.41. CGI had a return on equity of 19.32% and a net margin of 11.72%. On average, equities analysts forecast that CGI Inc. will post 5.79 earnings per share for the current year.

CGI Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 14th were given a dividend of $0.1039 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.42 dividend on an annualized basis and a yield of 0.39%. CGI's payout ratio is currently 7.41%.

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.