DekaBank Deutsche Girozentrale Purchases 26,692 Shares of CGI Inc. (NYSE:GIB)

DekaBank Deutsche Girozentrale boosted its position in shares of CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 2.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 948,323 shares of the technology company's stock after buying an additional 26,692 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.41% of CGI worth $101,095,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC increased its position in CGI by 471.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 263 shares of the technology company's stock valued at $26,000 after purchasing an additional 217 shares during the period. Group One Trading L.P. purchased a new position in CGI during the 3rd quarter valued at $36,000. Belpointe Asset Management LLC increased its position in CGI by 2,507.1% during the 1st quarter. Belpointe Asset Management LLC now owns 365 shares of the technology company's stock valued at $35,000 after purchasing an additional 351 shares during the period. Quantbot Technologies LP purchased a new position in CGI during the 3rd quarter valued at $41,000. Finally, Allworth Financial LP increased its position in CGI by 130.9% during the 3rd quarter. Allworth Financial LP now owns 651 shares of the technology company's stock valued at $64,000 after purchasing an additional 369 shares during the period. 66.68% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

CGI Stock Down 0.2 %

Shares of NYSE:GIB traded down $0.19 during midday trading on Friday, reaching $106.59. The company's stock had a trading volume of 98,049 shares, compared to its average volume of 136,331. The firm has a 50 day moving average of $113.61 and a 200-day moving average of $106.26. The firm has a market capitalization of $24.76 billion, a P/E ratio of 20.78, a PEG ratio of 1.97 and a beta of 0.92. The company has a quick ratio of 0.86, a current ratio of 1.11 and a debt-to-equity ratio of 0.22. CGI Inc. has a 12-month low of $93.07 and a 12-month 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 earnings per share for the quarter, topping analysts' consensus estimates of $1.31 by $0.03. CGI had a net margin of 11.34% and a return on equity of 20.65%. The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.59 billion. On average, research analysts anticipate that CGI Inc. will post 5.71 earnings per share for the current year.

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.