CGI Inc. (NYSE:GIB) is Numerai GP LLC's Largest Position

Numerai GP LLC lifted its stake in CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 284.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,650 shares of the technology company's stock after acquiring an additional 39,688 shares during the period. CGI makes up about 1.6% of Numerai GP LLC's holdings, 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 Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in GIB. Metis Global Partners LLC raised its position in shares of CGI by 1.0% in the fourth quarter. Metis Global Partners LLC now owns 10,534 shares of the technology company's stock worth $1,153,000 after buying an additional 108 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in CGI by 0.4% in the 4th quarter. Sequoia Financial Advisors LLC now owns 31,209 shares of the technology company's stock worth $3,412,000 after acquiring an additional 111 shares during the last quarter. Ameriprise Financial Inc. increased its stake in CGI by 0.9% in the 4th 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 during the last quarter. Manhattan West Asset Management LLC increased its stake in CGI by 0.5% in the 4th quarter. Manhattan West Asset Management LLC now owns 25,425 shares of the technology company's stock worth $2,779,000 after acquiring an additional 126 shares during the last quarter. Finally, Signal Advisors Wealth LLC increased its stake in CGI by 4.5% in the 4th quarter. Signal Advisors Wealth LLC now owns 3,158 shares of the technology company's stock worth $345,000 after acquiring an additional 135 shares during the last quarter. 66.68% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Jefferies Financial Group lowered 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. UBS Group boosted their price target on CGI from $118.00 to $122.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. Finally, Royal Bank of Canada restated an "outperform" rating and set a $192.00 price target on shares of CGI in a report on Wednesday, March 26th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $156.75.

CGI Stock Up 0.3%

Shares of GIB traded up $0.37 during mid-day trading on Friday, reaching $108.28. The company had a trading volume of 212,292 shares, compared to its average volume of 201,329. 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 firm has a 50-day moving average price of $103.00 and a 200 day moving average price of $108.74. CGI Inc. has a 52 week low of $92.85 and a 52 week high of $122.79. The company has a market capitalization of $24.55 billion, a price-to-earnings ratio of 19.58, a price-to-earnings-growth ratio of 2.58 and a beta of 0.78.

CGI (NYSE:GIB - Get Free Report) TSE: GIB.A last issued its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.48 EPS 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 company had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the prior year, the firm earned $1.97 earnings per share. The business's revenue for the quarter was up 7.6% compared to the same quarter last year. On average, sell-side analysts forecast that CGI Inc. will post 5.79 EPS for the current year.

CGI Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, May 16th will be given a $0.1086 dividend. This is a boost 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%. The ex-dividend date is Friday, May 16th. CGI's payout ratio is currently 7.47%.

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.