CGI Inc. (NYSE:GIB) Stake Trimmed by Galibier Capital Management Ltd.

Galibier Capital Management Ltd. decreased its position in shares of CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 33.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 231,315 shares of the technology company's stock after selling 114,530 shares during the period. CGI accounts for approximately 6.5% of Galibier Capital Management Ltd.'s portfolio, making the stock its 9th biggest holding. Galibier Capital Management Ltd. owned about 0.10% of CGI worth $24,902,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in CGI by 1.8% during the third quarter. Vanguard Group Inc. now owns 7,578,327 shares of the technology company's stock worth $746,389,000 after buying an additional 132,166 shares during the period. Bank of Nova Scotia boosted its stake in shares of CGI by 100.0% in the third quarter. Bank of Nova Scotia now owns 1,404,616 shares of the technology company's stock valued at $138,450,000 after buying an additional 702,339 shares in the last quarter. MQS Management LLC boosted its stake in shares of CGI by 26.3% in the third quarter. MQS Management LLC now owns 3,859 shares of the technology company's stock valued at $380,000 after buying an additional 804 shares in the last quarter. Toronto Dominion Bank boosted its stake in shares of CGI by 1.3% in the third quarter. Toronto Dominion Bank now owns 1,004,910 shares of the technology company's stock valued at $98,974,000 after buying an additional 12,697 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of CGI by 12.9% in the third quarter. The Manufacturers Life Insurance Company now owns 3,505,781 shares of the technology company's stock valued at $348,026,000 after buying an additional 401,717 shares in the last quarter. Institutional investors and hedge funds own 66.68% of the company's stock.

CGI Price Performance

Shares of NYSE GIB traded down $0.92 during trading on Wednesday, reaching $108.26. The company had a trading volume of 105,173 shares, compared to its average volume of 135,111. CGI Inc. has a twelve month low of $93.07 and a twelve month high of $118.89. The stock has a market capitalization of $25.15 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 2.03 and a beta of 0.92. The stock has a 50-day moving average price of $113.71 and a two-hundred day moving average price of $106.22. The company has a current ratio of 1.11, a quick ratio of 0.86 and a debt-to-equity ratio of 0.22.

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

Analyst Upgrades and Downgrades

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

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.