International Assets Investment Management LLC Takes Position in CGI Inc. (NYSE:GIB)

International Assets Investment Management LLC bought a new position in shares of CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 55,213 shares of the technology company's stock, valued at approximately $59,190,000.

Several other institutional investors and hedge funds have also bought and sold shares of GIB. Addenda Capital Inc. grew its position in shares of CGI by 0.6% in the fourth quarter. Addenda Capital Inc. now owns 434,867 shares of the technology company's stock valued at $46,622,000 after purchasing an additional 2,546 shares during the last quarter. Five Oceans Advisors bought a new position in shares of CGI in the 4th quarter valued at $298,000. Pinnacle Associates Ltd. lifted its stake in shares of CGI by 100.0% in the 4th quarter. Pinnacle Associates Ltd. now owns 8,000 shares of the technology company's stock valued at $858,000 after acquiring an additional 4,000 shares during the last quarter. Ritholtz Wealth Management lifted its stake in shares of CGI by 0.9% in the 4th quarter. Ritholtz Wealth Management now owns 24,773 shares of the technology company's stock valued at $2,656,000 after acquiring an additional 218 shares during the last quarter. Finally, Walter Public Investments Inc. raised its position in CGI by 2.3% during the 4th quarter. Walter Public Investments Inc. now owns 221,563 shares of the technology company's stock worth $23,727,000 after purchasing an additional 5,000 shares during the last quarter. Institutional investors own 66.68% of the company's stock.

CGI Trading Up 0.2 %

Shares of GIB stock traded up $0.21 during mid-day trading on Monday, hitting $106.80. The company's stock had a trading volume of 135,641 shares, compared to its average volume of 134,968. The company's fifty day simple moving average is $113.61 and its 200-day simple moving average is $106.31. CGI Inc. has a 52 week low of $93.07 and a 52 week high of $118.89. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.86 and a current ratio of 1.11. The company has a market cap of $24.81 billion, a PE ratio of 20.78, a P/E/G ratio of 1.97 and a beta of 0.92.

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

Analysts Set New Price Targets

Separately, StockNews.com lowered CGI from a "buy" rating to a "hold" rating in a research report 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.