CGI Inc. (NYSE:GIB) Short Interest Update

CGI Inc. (NYSE:GIB - Get Free Report) TSE: GIB.A saw a significant growth in short interest in March. As of March 31st, there was short interest totalling 825,100 shares, a growth of 15.9% from the March 15th total of 711,700 shares. Based on an average daily trading volume, of 134,200 shares, the short-interest ratio is currently 6.1 days. Currently, 0.4% of the shares of the company are short sold.

CGI Price Performance

Shares of GIB stock traded down $1.13 on Friday, reaching $104.41. 178,611 shares of the company were exchanged, compared to its average volume of 144,851. The company has a market cap of $24.26 billion, a price-to-earnings ratio of 20.35, a P/E/G ratio of 1.93 and a beta of 0.92. The business has a 50-day moving average price of $112.90 and a 200 day moving average price of $106.53. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.86 and a current ratio of 1.11. CGI has a 1 year low of $93.07 and a 1 year high of $118.89.

CGI (NYSE:GIB - Get Free Report) TSE: GIB.A last released its earnings results on Wednesday, January 31st. The technology company reported $1.34 EPS for the quarter, topping analysts' consensus estimates of $1.31 by $0.03. The business had revenue of $2.65 billion during the quarter, compared to analysts' expectations of $2.59 billion. CGI had a net margin of 11.34% and a return on equity of 20.65%. Equities research analysts forecast that CGI will post 5.71 earnings per share for the current fiscal year.

Institutional Trading of CGI

Institutional investors and hedge funds have recently modified their holdings of the stock. First Affirmative Financial Network grew its stake in CGI by 9.1% during the 1st quarter. First Affirmative Financial Network now owns 2,732 shares of the technology company's stock valued at $302,000 after acquiring an additional 229 shares in the last quarter. Park Avenue Securities LLC grew its stake in CGI by 14.4% during the 1st quarter. Park Avenue Securities LLC now owns 5,461 shares of the technology company's stock valued at $603,000 after acquiring an additional 687 shares in the last quarter. CWM LLC grew its stake in CGI by 19.1% during the 1st quarter. CWM LLC now owns 1,185 shares of the technology company's stock valued at $131,000 after acquiring an additional 190 shares in the last quarter. HighPoint Advisor Group LLC purchased a new stake in CGI during the 4th quarter valued at about $398,000. Finally, Wellington Management Group LLP grew its stake in CGI by 44.0% during the 4th quarter. Wellington Management Group LLP now owns 62,684 shares of the technology company's stock valued at $6,748,000 after acquiring an additional 19,141 shares in the last quarter. Hedge funds and other institutional investors own 66.68% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of CGI from a "buy" rating to a "hold" rating in a research note on Monday, March 11th.

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.

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