Crestwood Advisors Group LLC Acquires 97 Shares of CGI Inc. (NYSE:GIB)

Crestwood Advisors Group LLC increased its stake in CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 2.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,222 shares of the technology company’s stock after buying an additional 97 shares during the period. Crestwood Advisors Group LLC’s holdings in CGI were worth $485,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in GIB. First Affirmative Financial Network increased its position in shares of CGI by 4.0% during the second quarter. First Affirmative Financial Network now owns 2,841 shares of the technology company’s stock valued at $284,000 after acquiring an additional 109 shares in the last quarter. Cigna Investments Inc. New increased its holdings in shares of CGI by 3.8% in the 2nd quarter. Cigna Investments Inc. New now owns 3,948 shares of the technology company’s stock worth $394,000 after purchasing an additional 146 shares in the last quarter. JCIC Asset Management Inc. raised its stake in shares of CGI by 0.5% in the first quarter. JCIC Asset Management Inc. now owns 32,860 shares of the technology company’s stock worth $3,627,000 after purchasing an additional 160 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of CGI by 9.2% during the second quarter. EverSource Wealth Advisors LLC now owns 2,055 shares of the technology company’s stock valued at $205,000 after purchasing an additional 173 shares in the last quarter. Finally, CWM LLC boosted its position in shares of CGI by 14.8% during the third quarter. CWM LLC now owns 1,365 shares of the technology company’s stock valued at $157,000 after buying an additional 176 shares during the last quarter. Hedge funds and other institutional investors own 66.68% of the company’s stock.

Analyst Ratings Changes

GIB has been the topic of several research analyst reports. Cibc World Mkts upgraded shares of CGI from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 15th. Sanford C. Bernstein upgraded shares of CGI to a “strong-buy” rating in a report on Thursday, August 1st. CIBC raised shares of CGI from a “neutral” rating to an “outperformer” rating and lifted their target price for the stock from $155.00 to $178.00 in a research report on Tuesday, October 15th. UBS Group initiated coverage on CGI in a research note on Friday, July 19th. They issued a “neutral” rating and a $112.00 price target on the stock. Finally, Jefferies Financial Group upped their price objective on CGI from $120.00 to $121.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $137.00.

CGI Trading Down 0.3 %

Shares of CGI stock opened at $112.49 on Thursday. CGI Inc. has a 1-year low of $96.92 and a 1-year high of $118.89. The company’s fifty day simple moving average is $113.97 and its 200-day simple moving average is $107.58. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 0.86. The stock has a market capitalization of $25.64 billion, a PE ratio of 21.26, a P/E/G ratio of 2.38 and a beta of 0.96.

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.