Numerai GP LLC Raises Holdings in CGI Inc. (NYSE:GIB)

Numerai GP LLC raised its stake in CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 284.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 53,650 shares of the technology company's stock after acquiring an additional 39,688 shares during the period. CGI makes up 1.6% of Numerai GP LLC's portfolio, making the stock its largest holding. Numerai GP LLC's holdings in CGI were worth $5,865,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Barclays PLC lifted its position in CGI by 182.6% during the third quarter. Barclays PLC now owns 476,758 shares of the technology company's stock valued at $54,808,000 after purchasing an additional 308,040 shares during the last quarter. 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 valued at $134,000 after buying an additional 375 shares in the last quarter. KFA Private Wealth Group LLC lifted its holdings in shares of CGI by 120.9% in the 4th quarter. KFA Private Wealth Group LLC now owns 12,350 shares of the technology company's stock valued at $1,350,000 after acquiring an additional 6,760 shares during the last quarter. Bank of New York Mellon Corp grew its position in CGI by 0.5% in the fourth quarter. Bank of New York Mellon Corp now owns 289,654 shares of the technology company's stock worth $31,665,000 after acquiring an additional 1,409 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in CGI in the fourth quarter worth about $925,000. Hedge funds and other institutional investors own 66.68% of the company's stock.

CGI Trading Up 0.3%

CGI stock traded up $0.37 during mid-day trading on Friday, hitting $108.28. The company's stock had a trading volume of 212,292 shares, compared to its average volume of 201,272. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.04 and a current ratio of 1.31. The company has a 50 day moving average of $102.92 and a 200-day moving average of $108.81. CGI Inc. has a one year low of $92.85 and a one year high of $122.79. The stock has a market cap of $24.55 billion, a PE ratio of 19.58, a P/E/G ratio of 2.58 and a beta of 0.78.

CGI (NYSE:GIB - Get Free Report) TSE: GIB.A last announced its quarterly earnings data 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). The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $4.05 billion. CGI had a net margin of 11.72% and a return on equity of 19.32%. The company's quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.97 EPS. On average, research analysts anticipate that CGI Inc. will post 5.79 EPS for the current 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 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 yield of 0.40%. CGI's dividend payout ratio is 7.47%.

Wall Street Analyst Weigh In

GIB has been the subject of a number of analyst reports. UBS Group raised their price target on CGI from $118.00 to $122.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. 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. Finally, Jefferies Financial Group dropped their price target on shares of CGI from $140.00 to $135.00 and set a "buy" rating for the company in a research note on Tuesday, January 21st. 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 stock. According to data from MarketBeat.com, the company currently 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.