Swiss National Bank Has $72.91 Million Stake in CGI Inc. (NYSE:GIB)

Swiss National Bank reduced its stake in CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 4.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 679,300 shares of the technology company's stock after selling 29,900 shares during the quarter. Swiss National Bank owned approximately 0.29% of CGI worth $72,907,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GIB. Vanguard Group Inc. increased its stake in shares of CGI by 1.8% in the third quarter. Vanguard Group Inc. now owns 7,578,327 shares of the technology company's stock worth $746,389,000 after purchasing an additional 132,166 shares during the period. Bank of Nova Scotia increased its position in CGI by 100.0% in the 3rd quarter. Bank of Nova Scotia now owns 1,404,616 shares of the technology company's stock worth $138,450,000 after buying an additional 702,339 shares during the period. Prime Capital Investment Advisors LLC acquired a new position in shares of CGI during the fourth quarter worth approximately $1,409,000. MQS Management LLC lifted its holdings in shares of CGI by 26.3% during the third quarter. MQS Management LLC now owns 3,859 shares of the technology company's stock worth $380,000 after buying an additional 804 shares during the last quarter. Finally, Pinnacle Associates Ltd. boosted its position in shares of CGI by 100.0% in the fourth 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 period. 66.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. StockNews.com cut shares of CGI from a "buy" rating to a "hold" rating in a research note on Monday, March 11th. TD Securities upgraded shares of CGI from a "hold" rating to a "buy" rating in a report on Thursday. Finally, CIBC reduced their target price on shares of CGI from $169.00 to $165.00 and set an "outperformer" rating for the company in a research note on Thursday.

CGI Stock Performance

Shares of NYSE GIB traded up $0.02 during trading hours on Monday, reaching $103.70. The stock had a trading volume of 279,501 shares, compared to its average volume of 149,909. The company has a market cap of $24.09 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 2.39 and a beta of 0.93. CGI Inc. has a twelve month low of $93.07 and a twelve month high of $118.89. The business's fifty day moving average is $109.62 and its two-hundred day moving average is $107.04. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.17 and a quick ratio of 0.86.

CGI 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.