Ossiam Purchases 9,568 Shares of CGI Inc. (NYSE:GIB)

Ossiam raised its stake in CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A by 23.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,408 shares of the technology company's stock after acquiring an additional 9,568 shares during the quarter. Ossiam's holdings in CGI were worth $5,513,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of CGI in the third quarter valued at approximately $28,000. Sierra Ocean LLC acquired a new stake in shares of CGI during the 4th quarter worth $62,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of CGI in the fourth quarter worth $83,000. Hoey Investments Inc. acquired a new position in CGI in the fourth quarter valued at about $99,000. Finally, Blue Trust Inc. grew its stake in CGI by 47.6% during the fourth quarter. Blue Trust Inc. now owns 1,163 shares of the technology company's stock worth $134,000 after buying an additional 375 shares in the last quarter. 66.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on GIB shares. Jefferies Financial Group cut their price target on shares of CGI from $140.00 to $135.00 and set a "buy" rating for the company in a report on Tuesday, January 21st. Royal Bank of Canada reissued an "outperform" rating and set a $192.00 price target on shares of CGI in a report on Wednesday, March 26th. Finally, UBS Group upped their price objective on CGI from $118.00 to $122.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $156.75.

CGI Trading Down 0.2 %

Shares of GIB stock traded down $0.21 during mid-day trading on Friday, reaching $105.35. 121,575 shares of the stock traded hands, compared to its average volume of 197,456. The company has a market cap of $23.89 billion, a price-to-earnings ratio of 19.08, a price-to-earnings-growth ratio of 2.58 and a beta of 0.85. The company has a quick ratio of 1.04, a current ratio of 1.31 and a debt-to-equity ratio of 0.28. The stock's fifty day simple moving average is $103.92 and its two-hundred day simple moving average is $109.70. CGI Inc. has a 1-year low of $92.85 and a 1-year high of $122.79.

CGI (NYSE:GIB - Get Free Report) TSE: GIB.A last announced its quarterly earnings results on Wednesday, January 29th. The technology company reported $1.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.41. CGI had a net margin of 11.72% and a return on equity of 19.32%. On average, research analysts anticipate that CGI Inc. will post 5.79 EPS for the current fiscal year.

CGI Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 14th were paid a $0.1039 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend was Friday, February 14th. CGI's dividend payout ratio is currently 7.41%.

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.