CGI Inc. (NYSE:GIB) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp lowered its position in CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 9.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,612,973 shares of the technology company's stock after selling 577,088 shares during the quarter. CGI makes up about 0.9% of Mackenzie Financial Corp's portfolio, making the stock its 28th biggest position. Mackenzie Financial Corp owned approximately 2.42% of CGI worth $601,602,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. increased its stake in shares of CGI by 23.0% during the first quarter. American Century Companies Inc. now owns 15,630 shares of the technology company's stock valued at $1,245,000 after buying an additional 2,921 shares during the period. Natixis Advisors L.P. purchased a new position in CGI during the 1st quarter valued at about $1,522,000. BlackRock Inc. raised its holdings in shares of CGI by 5.4% in the 1st quarter. BlackRock Inc. now owns 262,287 shares of the technology company's stock valued at $20,939,000 after purchasing an additional 13,426 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of CGI by 10.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 343,162 shares of the technology company's stock worth $27,395,000 after purchasing an additional 32,280 shares during the period. Finally, Vontobel Holding Ltd. lifted its position in shares of CGI by 46.9% in the 1st quarter. Vontobel Holding Ltd. now owns 12,535 shares of the technology company's stock worth $1,014,000 after purchasing an additional 4,000 shares during the period. 66.68% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

CGI Stock Down 1.5 %

Shares of GIB traded down $1.52 during trading hours on Monday, hitting $102.89. The company had a trading volume of 152,940 shares, compared to its average volume of 136,430. The company has a current ratio of 1.11, a quick ratio of 0.86 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $23.90 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 1.93 and a beta of 0.92. CGI Inc. has a one year low of $93.07 and a one year high of $118.89. The company's fifty day moving average price is $112.72 and its two-hundred day moving average price is $106.56.

CGI (NYSE:GIB - Get Free Report) TSE: GIB.A last announced 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 the consensus estimate of $2.59 billion. CGI had a net margin of 11.34% and a return on equity of 20.65%. As a group, equities analysts forecast that CGI Inc. will post 5.71 earnings per share for the current fiscal year.

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.