West Family Investments Inc. Has $267,000 Stock Holdings in CGI Inc. (NYSE:GIB)

West Family Investments Inc. lifted its position in shares of CGI Inc. (NYSE:GIB) (TSE:GIB.A) by 5.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,323 shares of the technology company’s stock after purchasing an additional 121 shares during the quarter. West Family Investments Inc.’s holdings in CGI were worth $267,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in GIB. Blue Trust Inc. lifted its holdings in CGI by 288.2% during the third quarter. Blue Trust Inc. now owns 788 shares of the technology company’s stock worth $91,000 after acquiring an additional 585 shares in the last quarter. CWM LLC raised 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 worth $157,000 after purchasing an additional 176 shares during the period. Werba Rubin Papier Wealth Management acquired a new position in shares of CGI in the 3rd quarter valued at approximately $208,000. Thrivent Financial for Lutherans bought a new stake in CGI during the 3rd quarter worth approximately $209,000. Finally, Atria Investments Inc bought a new stake in CGI during the 3rd quarter worth approximately $218,000. Institutional investors own 66.68% of the company’s stock.

CGI Stock Performance

Shares of GIB opened at $109.70 on Wednesday. The company has a current ratio of 1.36, a quick ratio of 1.02 and a debt-to-equity ratio of 0.29. CGI Inc. has a 12 month low of $96.92 and a 12 month high of $118.89. The firm has a fifty day simple moving average of $113.58 and a 200 day simple moving average of $108.07. The stock has a market capitalization of $25.00 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 2.27 and a beta of 0.96.

CGI Announces Dividend

The business also recently disclosed a — dividend, which will be paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th will be paid a dividend of $0.111 per share. This represents a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, November 20th.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on GIB shares. Cibc World Mkts upgraded shares of CGI from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 15th. CIBC raised shares of CGI from a “neutral” rating to an “outperformer” rating and upped their target price for the stock from $155.00 to $178.00 in a research note on Tuesday, October 15th. StockNews.com raised CGI from a “sell” rating to a “hold” rating in a research note on Friday, November 15th. Finally, Sanford C. Bernstein raised CGI to a “strong-buy” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, CGI presently has a consensus rating of “Buy” and an average price target of $137.00.

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.